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Substantial Eden Terrace add-value opportunity

2 and 3 Flower Street, 40-52 New North Road, Eden Terrace

Investment Opportunities
dollar

Negotiation

Floor area
7080m2
Land area
4358m2
Title type
Freehold
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Property details

Listing # 1698244 | Listed on 4 February
  • 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.

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