Sold
28A High Street,
Glenholme, Rotorua District
NZD 680,000
Property details
-
Agents
Ray White Rotorua: Amtos Realty Services Limited Licensed (REAA 2008)
1239 Amohia Street, Rotorua Rotorua District 3010
-
Multi Income Flats - Partially Fire Damaged
Auction: 3.30pm, Thursday the 10th April 2025 at the Ray White Auction Rooms, 1239 Amohia Street, Rotorua (unless sold prior)
This Historical Villa, currently divided into five flats, offers an exciting investment opportunity. The council records suggest a potential layout with four flats, see approved Building Consent BC24-010741. While the property is being sold in "As Is" condition due to fire damage sustained in June 2023, its potential remains high.
Before the fire incident, the property was generating a total ROI of $94,100.00. With a thoughtful restoration and modern upgrades, this income could be quickly restored - and even increased.
While some areas of the villa boast modern features, other parts would benefit from a touch of interior design to unlock their full potential. Here's an overview of each flat:
Yellow Flat: Recently updated with a modern kitchen, ready to offer contemporary living.
Orange Flat: Affected by the June 2023 fire. Restoration efforts are required here, but this presents a chance to reimagine the space.
Green Flat: Ceilings were removed for fire investigation, but no fire damage has been recorded. This flat holds the potential for easy restoration.
Teal Flat: Renovated with a modern kitchen and bathroom, making it a desirable unit for tenants.
Pink Flat: Retains original decor, offering a charming vintage feel but could benefit from an interior design update to bring it in line with modern expectations.
Blue Area: A communal laundry space.
Each flat has its own separate meters, ensuring ease of management and tenant independence.
Given the nature of this sale and the fire damage history, we strongly recommend bringing in a specialist to conduct a thorough investigation of the entire property.
Our owners are motivated and have made it clear: they require a sale. We're happy to discuss your ideas and potential functional plans. Don't miss this opportunity-call to register your interest and arrange a private viewing.
View our auction live: https://rwrotorua.co.nz/watch-our-auctions-live Disclaimer - This property is being sold by auction and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
This Historical Villa, currently divided into five flats, offers an exciting investment opportunity. The council records suggest a potential layout with four flats, see approved Building Consent BC24-010741. While the property is being sold in "As Is" condition due to fire damage sustained in June 2023, its potential remains high.
Before the fire incident, the property was generating a total ROI of $94,100.00. With a thoughtful restoration and modern upgrades, this income could be quickly restored - and even increased.
While some areas of the villa boast modern features, other parts would benefit from a touch of interior design to unlock their full potential. Here's an overview of each flat:
Yellow Flat: Recently updated with a modern kitchen, ready to offer contemporary living.
Orange Flat: Affected by the June 2023 fire. Restoration efforts are required here, but this presents a chance to reimagine the space.
Green Flat: Ceilings were removed for fire investigation, but no fire damage has been recorded. This flat holds the potential for easy restoration.
Teal Flat: Renovated with a modern kitchen and bathroom, making it a desirable unit for tenants.
Pink Flat: Retains original decor, offering a charming vintage feel but could benefit from an interior design update to bring it in line with modern expectations.
Blue Area: A communal laundry space.
Each flat has its own separate meters, ensuring ease of management and tenant independence.
Given the nature of this sale and the fire damage history, we strongly recommend bringing in a specialist to conduct a thorough investigation of the entire property.
Our owners are motivated and have made it clear: they require a sale. We're happy to discuss your ideas and potential functional plans. Don't miss this opportunity-call to register your interest and arrange a private viewing.
View our auction live: https://rwrotorua.co.nz/watch-our-auctions-live Disclaimer - This property is being sold by auction and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
Explore the area
School catchments
- Glenholme School Primary Years 1-6 State 0.40km
- Rotorua Girls' High School Secondary Years 9-15 State 0.71km
- St Mary's Catholic School (Rotorua) Primary Years 1-6 State integrated 0.73km
- Rotorua S D A School Full primary Years 1-8 State integrated 0.84km
- Rotorua Intermediate Intermediate Years 7-8 State 0.91km
- Malfroy School Primary Years 1-6 State 1.2km
- Otonga Road School Primary Years 1-6 State 1.3km
- John Paul College Secondary Years 7-15 State integrated 1.6km
- Rotorua Boys' High School Secondary Years 9-15 State 1.8km
- Whakarewarewa School Full primary Years 1-8 State 1.9km
- Rotorua School Full primary Years 1-8 State 2.0km
- Westbrook School Primary Years 1-6 State 2.2km
- TKKM o Hurungaterangi Composite Years 1-15 State 2.2km
- Sunset Primary School Primary Years 1-6 State 2.4km
- Te Rangihakahaka Centre for Science and Technology Composite Years 1-10 State 2.9km
- St Michael's Catholic School (Rotorua) Primary Years 1-6 State integrated 3.2km
- Kaitao Intermediate Intermediate Years 7-8 State 3.6km
- Western Heights Primary School (Rotorua) Primary Years 1-6 State 3.6km
- TKKM o Te Koutu Composite Years 1-15 State 3.8km
- Western Heights High School Secondary Years 9-15 State 4.2km
- Rotorua Lakes High School Secondary Years 9-15 State 5.4km
- Te Wharekura o Ngāti Rongomai Composite Years 1-15 State 6.5km
- TKKM o Ruamata Composite Years 1-15 State 9.4km
- Reporoa College Secondary Years 7-15 State 32.9km
- Tokoroa High School Secondary Years 9-15 State 34.4km
- TKKM o Te Hiringa Composite Years 1-15 State 35.0km
- Forest View High School Secondary Years 9-15 State 35.9km
- Te Puke High School Secondary Years 9-15 State 41.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Find out how much home loan repayments will be
It’s important to understand repayment amounts before you apply for a home loan. A Loan Market broker can compare over 100 lenders to find the right loan for you. Use the Loan Market calculator to get a better indication of repayments.
Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
Photos
Contact Kerif Smerdon
Contact Kerif Smerdon
Kerif Smerdon
28A High Street, Glenholme 3010
Request a callback
Kerif Smerdon
28A High Street, Glenholme 3010