Listing Description
Substantial Eden Terrace add-value opportunity
2 and 3 Flower Street, 40-52 New North Road, Eden Terrace, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Development site |
| Agency reference | 1698244 |
Description
- 4,358sqm (more or less) freehold Eden Terrace landholding
- Wide frontages along New North Road, Flower, Nikau and Korari Streets
- Development-intensive zonings with additional height overlays in place
- Proximity to CBD, Ponsonby, Newmarket and motorways
This is a rare opportunity to secure a 4,358sqm (more or less) freehold Eden Terrace landholding. This portfolio is in a prime position to benefit from the emerging City Rail Link (CRL) infrastructure around the Maungawhau (Mt Eden) Station and rezoning under the Council's Auckland Unitary Plan (AUP).
This offering presents a range of opportunities that must be investigated.
Development-intensive zonings, with additional height overlays in place, provide a range of development options that can include residential, commercial and retail. In addition to site redevelopment, add-value angles of the existing buildings on each site must also be considered, either for long-term investment, owner occupation or individual sell-down.
In summary, this opportunity provides a range of notable add-value opportunities and is positioned in what is expected to be one of the City Fringe's biggest commercial and residential locations.
