If you're looking to buy now and build later, this tidy, modernised bach has the coveted Commercial 1 (Oneroa Village) zoning developers are seeking.

Set in a fabulous, elevated position at the top of the village, next to the iconic Waiheke library, the home feels private, shielded from the road behind a brushwood fence.

With wide sea views up the northern Waiheke coastline to the Coromandel and Great Barrier Island, as well as over Blackpool Bay to the mainland, it feels like a seaside haven, with village life on your doorstep.

Inside the cottage, the main living space features a contemporary kitchen with bifold windows, lovely native timber flooring and a heat pump.

Two sizeable bedrooms, both with sea views, sit either side of the bathroom which is large enough to accommodate the laundry.

There are two decks on which to drink in the views, with the rear bedroom and living space enjoying access directly outside.

The sizeable main deck links to a sleepout which benefits from the northern sea views.

And, while the level lawn stretches wide across the site, offering plenty of room for entertaining and play, the garden's rosemary, roses and citrus give the property a charming feel of the quintessential traditional Waiheke bach.

If you're enticed by the holiday vibe, this neat dwelling provides private parking for the boat or car behind the brushwood fence while you're away.

And, parking at a premium in the village, the front of the property has a single garage and an expansive, flat driveway area for at least ten vehicles.

With its commercial/retail/residential zoning, there is so much opportunity to develop here.

A food establishment or a retail shop could just be the start, consents permitting.

Meanwhile, the bach, just metres from the Oneroa beach walkway and a stroll to the ferry, is perfectly positioned as a home-away-from-home, holiday rental or long-term let.

Opportunities like this are rare and, with the world opening up, it could be a great time to secure this prime site for the future.