Don't Miss Out - Development Opportunity - Freehold Titles

11 and 13 Karaka Street, Eden Terrace, Auckland, CBD

We are offering two properties For Sale side by side 552 sqm

# 11 is bare land of 274 sqm
# 13 includes a building which has been used as a hostel in the past, the building is now vacant and potentially could easily be demolished, (or refurbished) the land is 278 sqm.

There is a right of way between 13 and the neighbouring building 15 to provide fire escape steps which must remain with any development plans you might have.

With the two sites sold together your options are to renovate and rebuild the hostel or create and develop with new buildings with a mix of residential or commercial. 

Another development opportunity to explore is that the vendor has concept plans available for 60 apartments with 27 car parks or a hotel with the extended height limit of 32.5metres in this Mixed Use zone.

Summary:

• - The vendor is now living overseas and wants these properties sold
  - Two freehold titles totaling 552sqm
  - Concept plans for 60 apartments with 27 car parks
  - Potential here to create income
  - Below road contour which potentially could save on excavation costs
  - We are informed that a 32.5 metre extended height limited under Newton Height Variation Control in the Unitary Plan with Mixed Use Zoning

Personally I recently sold the property next door at #15 Karaka Street, so please give me a call to share some local knowledge and arrange an appointment to meet and discuss.

Contact:

Stephen Hudson
0274 746 774
Executive Salesperson
REA Licensed & MREINZ

New Zealand Property Limited
Licensed REAA 2008
 

• State/County Eden Terrace
• Zip Eden Terrace
• Country New Zealand

• Estate Fee Simple

• Property Id 1000045
• Estate Fee Simple
• Size-units m2
• GST applied? No
• Property Listing Status For Sale (By Licensed Agency)

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