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11 Karaka Street, Eden Terrace, Auckland City

By Negotiation

Development Potential, CBD, Auckland

Don't Miss Out - Development Opportunity - Two Freehold Titles

11 and 13 Karaka Street, Eden Terrace, Auckland, CBD

We are offering two properties For Sale (side by side) total land area 552 sqm

The price is expressed as Buyer Enquiry Over:

$1,550,000 for # 11 is bare land of 274 sqm

and

$1,995,000 for # 13 includes a building which has been used as a hostel in the past, the building is now vacant and potentially could easily be demolished, (or refurbished) the land is 278 sqm.

Both properties are to be sold together so the combined price for both $3,545,000 ono

Vendors disclosure that there is a 150mm easement for a right of way between 13 and the building at 15 to provide fire escape steps which must remain with any development plans you might have.

With the two sites sold together your options are with council consent to renovate and rebuild the hostel or create and develop with new buildings with a mix of residential or commercial.

Another development opportunity possible to explore is that the vendor has concept plans available for 60 apartments with 27 car parks or a hotel with the extended height limit of 32.5metres in this Mixed-Use zone.

Summary:

- The vendor is now living overseas and wants these two properties sold
- Two freehold titles totalling 552sqm
- Concept plans for 60 apartments with 27 car parks
- Below road contour which potentially could save on excavation costs
- We are informed that a 32.5 metre extended height limited under Newton Height Variation Control in the Unitary Plan with Mixed Use Zoning

Please give me a call to arrange an appointment to meet, view and discuss in more detail

Contact:
Stephen Hudson
0274 746 774
Executive Salesperson
REA Licensed & MREINZ

New Zealand Property Limited
Licensed REAA 2008

Additional details

Type

Section

Property ID

Karaka Street, 11 and 13

Listed on

11/10/2026

Updated

9 hours ago

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OneRoof mentions

Listed for sale on OneRoof for 1 days (last updated on 11 October) and was last sold in 2015 for $600,000. Its latest rating valuation by Auckland City council is $1,350,000 as of 2024. There are 42 properties for sale in Eden Terrace.

Property data

On OneRoof

0 days

Property Type

Section

Land Area

274m²

Decade Built

1800s

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Eden Terrace, Auckland City

Eden Terrace is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Eden Terrace is the 104th largest suburb of Auckland in terms of the total number of residential housing stock. Eden Terrace provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 2000 - 2009. Residential housing stock in Eden Terrace is made up of approximately 98% residential housing and 2% residential investment housing properties.

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