12 Karaka Street, Eden Terrace, Auckland

Newton gem with 32.5m height + income

- 472sqm (more or less) freehold landholding with strong residential income stream
- Prominent north-facing corner site with dual road frontages and elevation
- Zoned Business - Mixed Use with generous 32.5m height allowance
- Prime city fringe position within a thriving mixed-use neighborhood
- An unmissable opportunity for developers, investors, and land bankers

12 Karaka Street presents an outstanding freehold development opportunity with the added benefit of flexible holding income. Positioned on an elevated, north-facing corner site of 472sqm (more or less), the property enjoys multiple road frontages and excellent exposure.

Zoned Business - Mixed Use with a 32.5m height overlay, the site is ideally suited to a range of development outcomes including residential, commercial, or mixed-use projects. Situated in a prime city fringe location, Newton is one of Auckland's fastest-evolving precincts, supported by significant investment and strong demand from both occupiers and developers.

Currently configured as two residential flats (1 x 6 bedroom and 1 x 5 bedroom), the property offers a flexible lease arrangement returning $150,000 pa, providing strong cashflow while development plans are progressed. For investors or land bankers, this income ensures stability in the interim, while the zoning and location create exceptional long-term upside.

Conveniently located within walking distance to Karangahape Road and the new CRL station, the site benefits from seamless access to the CBD and major transport networks.