Bayleys Real Estate Ltd
Residential
Commercial
Rural
Property Services
News and Editorial
Auctions

Eden Terrace

11 Karaka Street, Eden Terrace, Auckland

Watchlist
Share

Dual site with income, 32.5metre height allowance


11 and 13 Karaka Street.

This super city fringe dual site is a must to add to your list.

With current holding income of approximately $180,000pa with options to renovate to increase return, or look to create your own commercial or residential mix. Current concept plans available for 60 apartments with 27 car parks with the extended height limit of 32.5metres in Mixed Use zone.

This pocket of Eden Terrace is a short walk to the centre of all you need, with the CBD on one side, Ponsonby to your West, or Grafton just up the road. Just a short stroll to great local café's and restaurants, and a great hub with demand and need of more accommodation and good commercial.

So whatever you decide to build here, the numbers could look very favourable.

Property overview:
• Two freehold titles totalling 552sqm
• Concept plans for 60 apartments with 27 car parks.
• Current holding income of approximately $180,000pa from a boarding house on site.
• Below road contour saving on excavation costs.
• 32.5 metre extended height limited under Newton Height Variation Control in the Unitary Plan with Mixed Use zoning

Contact Jock Kooger for more information on 021 321 856.

For Sale by Negotiation
Jock Kooger

Jock Kooger

Residential, Investment and Development Sales

Bayleys Real Estate Ltd, Ponsonby,
Licensed under the REA Act 2008

Features

Multi-use


Two titles totaling 552sqm of combined Mixed Use zoned land.

Planned Development


32.5 metre extended height limited under Newton Height Variation Control in the Unitary Plan.

Opportunity


Current holding income of approximately $180,000 from a building house on site.

Location


Premium city-fringe location.

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.