317 Fenton Street, Glenholme, Glenholme, Rotorua

FREEHOLD. RESORT ZONED - GOLDEN MILE OPPORTUNITY

In a prime location on Rotorua's Golden Mile, this dual income property with Resort zoning promises great future value. Lying on the fringe of the central business district, in walking distance of cafes and Arawa Park Racecourse, this superb offering is central to key hospitality and visitor attractions, golf courses and leisure facilities. \n\nThe 410sqm brick dwelling is currently split into two separate tenancies, collectively returning $810 per week. Delivering a total of seven bedrooms and several bathrooms, it speaks to blended or extended families, commercial buyers and entrepreneurs, home business operators, accommodation providers, and owner/occupiers looking for a passive income from a lucrative tenancy. \n\nThe flexible package includes a four bedroom home and three bedroom unit. Three of the four bedrooms in the main home have en-suites. Casual and formal living and dining spaces encourage effortless entertaining, while the well-appointed kitchen and sun-soaked patio capture views of Mt Ngongotaha. Aesthetics are enhanced by native timbers and classic Art Deco styling. The home returns $470 per week.\n\nGenerating a weekly income of $340, the second home offers the benefits of two bathrooms and good garaging. \n\nOn a large and tidy 1,007sqm parcel of land in coveted Fenton Street, the city's renowned motel strip, the property nestles in the heart of Rotorua's booming tourism industry. Boasting an abundance of natural resources, unique attractions and awe-inspiring scenic beauty, the region attracts domestic and international visitors all year round. They come to enjoy the numerous lakes, rivers, thermal hot springs, fresh water fishing, and native and exotic forest. The area has over 100 parks, reserves and gardens, free for public use, plus hundreds of kilometres of first-class mountain biking, cycling and walking tracks.\n\nExperiencing population growth and a vibrant property market, this city is a hot spot for investors.