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Takapuna

7 Karaka Street, Takapuna, North Shore

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921sqm Land area SQM
240sqm Floor area

Cash cow on Takapuna development site


Fresh to the market "Tuatara Court" in the North Shore suburb of Takapuna consists of four individual dwellings on a 921sqm (more or less) site poised for redevelopment in the near future.

Tastefully presented this unique offering produces a generous holding income relative to other sites of this nature returning $107,640pa strategically diversified across the four dwellings. The site is zoned Mixed Housing Urban under the Auckland Unitary Plan with the property adjoining a large Mixed Use site currently occupied by the WDHB. Examples of what can be achieved under this zoning long term are immediately evident with redevelopment and intensification of nearby sites illustrating this potential.

Real estate is sometimes best kept simple - location is everything. A blue chip Auckland suburb with premium lifestyle and a property with strategic proximity to the Northern Motorway interchange, Northern Busway (via Smales Farm) and supermarket/retail amenity makes for a logical investment opportunity without the holding costs.

Open home times:
Sat 15th February 11-11:45am
Sat 22nd February 11 - 11:45am
Sat 29th February 11 - 11:45am
Sat 7th March 11 - 11:45am

For Sale by Deadline Private Treaty
(unless sold prior)

29 Northcroft Street, Takapuna

12
Mar

Time4pm
Calander
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Michael Nees

Michael Nees


Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
Sam Yeung

Sam Yeung


Bayleys Real Estate Ltd, East Coast Bays,
Licensed under the REA Act 2008
Richard Moors

Richard Moors


Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008

Features

Land Area


921sqm (more or less) site zoned Residential - Mixed Housing Urban

Location


Prime Takapuna location

Tenanted Investment


Currently returning $107,640pa