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Unclaimed

50 State Highway 30, Tikitere

Rotorua · Rotorua District

Negotiation

  • 12 ha
  • Industrial

Peka Industrial park

The highly anticipated Peka Industrial Development is finally here, offering a rare opportunity to secure Heavy Industrial zoned (Industrial 2) land in a prime Rotorua location. This bare land development comprises 13 sites, with lot sizes ranging from 4,000sqm to 13,000sqm. Businesses can negotiate bespoke lease terms up to 99 years, with a typical lease being 15 years plus a further two (2) rights of renewal (15 years each) and rent reviews every 5 years.

Alternatively, purchase a heavily discounted long-term lease with a capital upfront payment equivalent to at least 10 years rent which will guarantee the right to occupy the site for up to 50 years, with no rent reviews during the lease term. This unique incentive is designed to encourage foundational industries to establish themselves within the park, ensuring a robust and sustainable industrial hub. With this commitment, businesses can make long-term strategic investments in infrastructure, workforce development, and operational efficiency, knowing their rental costs are locked in for the next five decades.

Strategically located south of Rotorua on State Highway 30, the development boasts seamless connectivity to key transport routes, including direct access north via State Highway 5 to Auckland and Hamilton.

This is your chance to secure your part of Rotorua and the Central North Islands newest industrial expansion. Contact the Bayleys Rotorua Commercial team today to discuss lease options or arrange a site visit.

Further information is also available via the link https://peka.nz

OwnBetter estimate
$602k
Medium confidence

We estimate it would sell for $602,000 as at 5 October 2026, in a range of $514,000 to $684,000.

Typical home in Tikitere
$1.25m
The median of our estimates of its 507 homes
How we worked this out
Council valuation, Jul 2023$572,000
Market movement in Rotorua District since the council valuation+6.2%
Apartments and houses in Rotorua District−0.1%
How Tikitere sells against council values−2.3%
Homes of this age in Tikitere+0.2%
Homes in this price range+0.5%
Land as a share of the value+0.5%
Nearby recent sales (13)+0.3%
Our estimate$602,000

We start from the council's rating valuation, move it by how sales in the area have moved since against their own council values, then by how properties like this one, nearby sales have done against the same arithmetic. Each step is an average of real sales. Tested every month against sales we had not seen: half land within about 6% of our estimate, and about 8 in 10 within the range. This is an automated estimate, not a registered valuation.

My notes
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What it costs to live here

Home expense estimates

Mortgage: open the section
$2,429a month, all in

Estimates from the floor area and typical New Zealand prices, not quotes. Power, gas and internet details from the Electricity Authority and Gas Industry Co registries and Chorus.

Home loan

What it would cost to buy 50 State Highway 30

Every rate from 36 lenders →
Estimated repayments
$1,121
$480,000 at 4.49% 1 year fixed with China Construction Bank, over 30 years
Loan length
1 year fixed today · 17 lenders
Lowest4.49%CCB · special
Average5.02%
Highest5.35%Kookmin

The lowest rather than the highest is $116 less a fortnight — about $3,012 over the 1 year.

All 17 lenders at 1 year fixed
  • China Construction Bank4.49%s$1,121/fn
  • ICBC4.65%s$1,142/fn
  • Bank of China4.68%s$1,146/fn
  • AIA New Zealand4.99%$1,187/fn
  • ANZ Bank New Zealand4.99%s$1,187/fn
  • ASB Bank4.99%$1,187/fn
  • Bank of Baroda4.99%$1,187/fn
  • Police Credit Union4.99%$1,187/fn
  • TSB Bank4.99%s$1,187/fn
  • Unity Credit Union4.99%s$1,187/fn
  • Kiwibank5.15%s$1,209/fn
  • Bank of New Zealand5.19%$1,215/fn
  • SBS Bank5.19%s$1,215/fn
  • The Co-operative Bank5.19%s$1,215/fn
  • Westpac New Zealand5.19%s$1,215/fn
  • First Credit Union5.29%s$1,228/fn
  • Kookmin Bank Auckland Branch5.35%$1,237/fn
Brokers can often beat the advertised rate Tell us a few things and mortgage brokers compete to finance 50 State Highway 30. Free for you — lenders pay brokers — and nobody sees your name until you choose one.

Principal and interest at the lowest advertised card rate, held for the whole loan — no New Zealand rate is. A guide, not a lending offer or financial advice. How much could you borrow? · Mortgage calculator

Investor insights

50 State Highway 30 as a rental

Rent estimate$590/wk$510–$680 · Little evidence
Gross yield5.1%$30,680 a year on $602k
Net yield4.2%After $5,428 of costs
Cash flow+$79/wk30% deposit, interest only at 5.02%
Line
Price Our estimate
Deposit
Interest rate 5.02% is today’s 1-year average
Rent a week our estimate $590
Property manager
Rent, 52 weeks$30,680
Empty between tenants 2 weeks
Property management 9.2% incl. GST
Maintenance 5% of rent
Council rates this year
Landlord insurance the building
Net income before interest$25,252
Interest $421,400 at 5.02%, interest only−$21,154
Cash flow before tax+$4,098
Cash flow a week+$79
Gross / net yield on the price5.1% / 4.2%
Return on equity cash flow on the deposit, before tax2.3%
Loses money above this interest rate, before tax5.99%
Type over any figure, add your own lines, or add a scenario to compare.

The rent covers the interest at rates up to 5.99%. That is 2.3% a year on a $181k deposit. A guide before tax and capital growth, from our estimates; not financial advice.

Property data

  • Floor area70 m²
  • Decade built1950s
  • Bedrooms2
  • Bathrooms1
  • Parking2 car spaces
  • Property categoryUse not published
  • CouncilRotorua District
  • Valuation #6972-21300
  • Valuation date1 Jul 2023

From the council’s rating records and the other sources noted on hover. Bedrooms and bathrooms may come from a past listing. Built is the decade the valuer records.

Title and land

Order a title record
  • Title number412088
  • Title typeFreeholdGuaranteedStandard registered title
  • Estate descriptionFee Simple, 1/1, Korokoro No.2A No.1 Block, 9,358 m2
  • Legal descriptionKorokoro No.2A No.1 Block
  • Land area9,315 m²
  • Title issued12 Mar 2008
  • Land districtSouth Auckland
Registered instruments1 registered instrument on this titleMaori Land Court Order MFLR Only routine instruments registered See the title summary →

Owners and the parties to each instrument are not published on this page. Order the record of title to see them.

Getting around

Another agency selling this property too, or is it for rent? Import that listing and it shows beside this one.

Building consents

We hold no building consents for this property yet. The council may hold records we have not seen.

Resource consents

What the council has been asked to allow under the Resource Management Act. None on this property · 1 land use or subdivision consent within 250 m.

Within 250 m

  1. 18 May 2022
    Land use

    installation of a single non-geothermal bore, pump testing and the discharge of drilling and pump testing fluids to land

    RM22-0274-LC.01 · Bay of Plenty Regional
    88 mGranted

Ministry for the Environment, National Monitoring System, July 2014 to June 2025. All resource consents

Unclaimed
Nobody is tracking this property yet

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What claiming gets you
1One live recordCouncil valuation, title details and registered interests, kept current rather than gathered again every time you need them.
2Your lending in the pictureAdd what you owe, or connect the bank, and the equity and LVR stop being a calculation you redo by hand.
3Providers compete for itPut the mortgage, the insurance and the power out to people who want the business — on your terms, when you ask.
4Everything else you ownOne search finds other titles in your name and in companies you are a director of.

Zoning and hazards

What the council's published maps say about this land. A map is a model of a storm, not a record of one: a LIM or a flood report says more.

We do not hold flood maps for Rotorua District yet.

Contaminated land

Councils keep registers of land used for activities on the Hazardous Activities and Industries List (HAIL) — service stations, timber treatment, orchards, landfills. A listing records how land was used, not that it is contaminated: most sites have never been tested.

Bay of Plenty Regional Council will send what it holds on a listed site on request.

Ask Bay of Plenty Regional Council

What could you build here?

See whether a granny flat fits beside the house: the Building Act exemption, the national granny flat rules and the zone’s own. Then ask builders to price the shape you pick.

About Tikitere

Rotorua District
631
Properties on the rating roll
1 Jul 2023
Last council revaluation

Counts describe the records we hold for this territorial authority, not a market forecast. Our estimate above is automated, not a registered valuation; how it was reached is shown with it. Every council figure on this page can be checked against the council's own record.

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Agents active in Tikitere

People whose office is within 5 km of Tikitere, nearest first. Taken from the REA public register -- not ranked by sales, and nobody pays to appear here.

Independent
Christine MulloolyAgent
Key RealestateOffice 880 m awayView profile →
Who sold the most in Tikitere →

The OwnBetter estimate is our own, from sales and council valuations, and is not a registered valuation.

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