A development site, which has gone on the market for sale in Auckland's booming north west, is fully consented for both childcare and aged care facilities.
Colliers International is marketing 455 Taupaki Rd, Kumeu, by deadline private treaty closing at 4pm on Thursday July 26, unless sold earlier.
The 3.71ha freehold property has resource and subdivision consents in place for a 114-resident aged care facility and a 100-child daycare facility.
Purchasers have the option to either buy and develop the integrated project, or acquire the aged care and childcare components separately.
Shoneet Chand of Colliers International, who is marketing the property with colleagues Josh Coburn and Sean Finnegan, says the offering has it all.
"Here's an outstanding opportunity to invest in a well-considered, fully-consented development proposition in one of Auckland's fastest-growing locations," Chand says.
"It's in a gateway location between the Whenuapai and Kumeu town centres — two of the key growth hubs of Auckland's burgeoning northwest.
"Developers and investors will appreciate the solid demographic trends driving growth in both the child and aged care sectors, and Auckland's northwest.
"Demand for retirement living is rising as New Zealand ages, with 14 per cent of the population forecast to be aged 75 or over within 25 years — up from 6 per cent now.
"At the same time, the childcare sector in Auckland is growing due to low unemployment and the high cost of housing, which has made families with two working parents the norm.
"Childcare is particularly sought-after in fast-growing areas like Auckland's northwest, where the residential catchment skews towards younger households and first home buyers.
"With its high-profile location, fast-growing catchment and strong sector demand, underpinned by solid demographic trends, this is a development opportunity that savvy investors will not want to miss."
Coburn says the site is in a well-established lifestyle and farming area, in the popular semi-rural area of Kumeu.
"The property offers huge exposure, with more than 350 metres of road frontage to the intersection of Taupaki Rd and State Highway 16, the main route through Kumeu.
"The highway runs between SH1 at Wellsford to the north and SH1 in Auckland CBD to the south, as well as providing links with SH18 to the North Shore and SH20 to the airport and South Auckland. The property is only 25km from Auckland CBD and 7km from the nearest commercial centre of Westgate."
Coburn expects significant residential and commercial growth in the surrounding suburbs, including Taupaki, Huapai, Waimauku, Riverhead, Whenuapai and Hobsonville.
"The area is well-connected to growing West Auckland suburbs, such as Ranui, Massey and Henderson, providing a good catchment for childcare and aged care businesses."
Finnegan says the corner site for sale is on the eastern side of Taupaki Rd and the southern side of SH16, opposite Old North Rd.
The northern corner of the property comprises the consented childcare development, on an 8000sq m site.
"With its idyllic rural setting, this centre will be very different to most of its competitors," Finnegan says.
"Consented plans envision a single-level building of 802sq m, with high ceilings and a functional layout.
"The expansive grounds include 1394sq m of sealed driveway and car parking, providing ample space for child drop-off and collection."
Finnegan says childcare operators have already expressed interest in this location, offering the potential for tenant commitment to underpin the investment if required.
The southern end of the site comprises the consented aged care development, set on 2.91ha of landscaped grounds.
"Designed with quality in mind, this premium development will offer residents a quiet and attractive retirement lifestyle.
"The consented plans comprise four buildings with extensive covered verandas, designed sympathetically with their rural surrounds.
"The 4924sq m complex has resource consent for 114 residents in a mix of high care rooms and assisted living suites, sold by way of occupational rights agreements.
"With its idyllic surrounds and mix of independent and supported living, this offering is superbly positioned to attract residents from the affluent surrounding rural settlements."
Colliers International is able to provide prospective purchasers with access to a comprehensive range of due diligence material including architectural and landscaping plans, consent documents, and engineering and survey reports.