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NEARBY DEVELOPMENT STAGE 1 OF DEVELOPMENT KARAKA VILLAGE COMPLETE!
WITH A HUGE ALLOTMENT OF LAND OPTIONS AND 3-4 BEDROOM HOUSE & LAND PACKAGES FOR SALE ACROSS THE ROAD, THIS AREA IS EXPECTED TO BE HUSTLING AND BUSTLING IN THE NEAR FUTURE!
Nearby Development Information: http://www.karakavillage.co.nz/
- NEW ROUNDABOUT NOW COMPLETE FOR EASY ACCESSIBILITY TO THE PROPERTY FROM THE MAIN ROADS
- OPTIONS TO CONNECT TO SERVICES AVAILABLE
- SUITABLE FOR DEVELOPERS AND LAND BANKERS
Situated in a high-growth area with major developments under construction and infrastructure in progress, this property offers tremendous potential as an opportunity for developers and land bankers alike!
This is a prestigious piece of land with holding income, a fully renovated cottage and information sale centre, and is currently leased to a highly reputable property syndicate. Steeped in history and proudly sitting on a 2.4696ha freehold site, this landmark property with two road frontages brings with it a range of subdivision and add-value opportunities.
Finding large parcels of developable land in prime locations is becoming increasingly difficult. Zoned for commercial and mixed housing suburban use, this prestigious landholding is located in the heart of Karaka, offering potential for a range of future uses and options. Take advantage of all the work going into surrounding new subdivisions!
Major residential developments in the area include:
• Karaka North Village
• Parata Rise Housing Development
• Bremner Road Housing Development Major commercial developments include:
• Drury South Crossing
• Proposed Kiwi Properties Shopping Precinct
Zoning:
• Residential - Mixed Housing Suburban Zone
• Business - Local Centre Zone
Tenancy Overview:
• Term: 3-year tenancy
• Net Income: $180,000 p.a. + GST
Call Ketan or Zarn from Don Ha Projects now on 0800 888 000 for more information!
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $970,000 | -21.6% | 30 |
2022 | $1,237,500 | 34.1% | 20 |
2021 | $922,556 | 9.2% | 49 |
2020 | $845,000 | -14.2% | 47 |
2019 | $985,000 | 13.7% | 24 |
2018 | $866,000 | -20.2% | 24 |
2017 | $1,085,000 | 13.4% | 20 |
2016 | $957,000 | 15.3% | 26 |
2015 | $830,000 | 14.5% | 33 |
2014 | $725,000 | - | 42 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 4 | 3 | 216m2 | 2024年04月19日 | $1,150,000 | Council approved | |
2.60 km | 0m2 | 2024年03月26日 | $8,210,000 | Council approved | ||||
 | 0.71 km | 4 | 2 | 210m2 | 2024年03月05日 | $2,380,000 | Council approved | |
 | 0.09 km | 4 | 2 | -m2 | 2024年01月16日 | $1,220,000 | Council approved | |
 | 0.63 km | -m2 | 2023年12月21日 | $1,043,478 | Council approved |