Listing Description
Prime Development Opportunity in Central Glenholme
136 Ranolf Street, Glenholme, Rotorua, Bay Of Plenty
Price by negotiation
Details
Attribute | Value |
---|---|
Property type | House |
Capital value (CV) | $645,000 |
Agency reference | 2451381 |
Broadband in the area |
Description
136 Ranolf Street is a standout opportunity for developers and builders in the heart of Glenholme, Rotorua. Having been in the same family for over 80 years, this original Art Deco-style home, currently configured as two two-bedroom units, sits on a substantial 1,011sqm site. However, the true value lies in the land, making it an ideal site for redevelopment. This large, flat section offers significant potential for building townhouses or terraced housing under the Rotorua City Plan. Its central location - close to local amenities, all level of schooling, and Rotorua’s city centre - makes it an appealing choice for a modern residential development. With ample space and a prime location, 136 Ranolf Street presents an excellent opportunity for developers to capitalise on the growing demand for housing in Rotorua. Whether you’re an experienced developer or builder, this property is a rare find in today’s market, offering endless potential for redevelopment.