Cash cow on Takapuna development site

7 Karaka Street, Takapuna

Private Treaty

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Cash cow on Takapuna development site | 7 Karaka Street, Takapuna | 1503159 |      X Close

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