Discover an exceptional investment opportunity on the fringe of the city at 11 and 13 Karaka Street. This dual-site property is a must-see for savvy investors looking to capitalize on its prime location and potential for high returns.
Key Highlights:
•Development Potential: Concept plans available for 60 apartments with 27 car parks, benefiting from the extended height limit of 32.5 meters in the Mixed Use zone.
•Strategic Location: Nestled in the heart of Eden Terrace, this property offers easy access to the CBD, Ponsonby, and Grafton. Enjoy a vibrant local scene with nearby cafes, restaurants, and essential amenities.
Property Features:
•Two Freehold Titles: Total land area of 552sqm.
•Mixed Use Zoning: Offers flexibility for commercial or residential development.
•Cost Savings: Below-road contour provides savings on excavation costs.
•Future Growth: High demand for accommodation and commercial spaces in the area.
Take advantage of this unique opportunity to enhance your investment portfolio. Whether you choose to renovate for increased returns or develop a new mixed-use project, the numbers are in your favor.
Contact Jock Kooger at 021 321 856 for more information.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.11 km | 4 | 3 | 266m2 | 2024 11 27 | - | Council approved | |
0.12 km | 2 | 1 | 82m2 | 2024 10 15 | $1,185,000 | Council approved | ||
0.12 km | 2 | 1 | 59m2 | 2024 10 09 | $860,000 | Council approved | ||
0.00 km | 2 | 1 | 77m2 | 2024 08 10 | $875,000 | Council approved | ||
 | 0.11 km | 1 | 1 | 70m2 | 2024 07 01 | $723,000 | Council approved |