Integrated development site for sale in Auckland's growing northwest
A consented child and aged care development site for sale in flourishing Kumeu offers a chance to invest in two high-growth sectors and a booming northwest Auckland location.
Colliers International has been exclusively appointed to market 455 Taupaki Road, Kumeu, for sale by deadline private treaty closing at 4pm on Thursday 26 July, unless sold prior.
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 West Auckland-based Site Sales brokers Josh Coburn and Sean Finnegan, says the offering ticks all the boxes.
“This is an outstanding opportunity to invest in a well-considered, fully consented development proposition in one of Auckland’s fastest-growing locations,” Chand says.
“The property is strategically positioned 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 350m of road frontage to the intersection of Taupaki Road and State Highway 16, which is 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.
“With this superb connectivity, the property is only 25km from Auckland CBD and 7km from the nearest commercial centre of Westgate.”
Coburn says there is significant residential and commercial growth in the surrounding suburbs, including Taupaki, Huapai, Waimauku, Riverhead, Whenuapai and Hobsonville.
“The area is also well-connected to many more 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 Road and the southern side of SH16, opposite Old North Road.
The northern corner of property comprises the consented childcare development, which is set on 8,000sq m of generous grounds.
“With its idyllic rural setting, this childcare centre will be very different to most other competitors on the market,” Finnegan says.
“The consented plans envision an architecturally designed, single-level building of 802sq m, with high ceilings and a functional layout.
“The expansive grounds include 1,394sq m of sealed driveway and car parking, providing ample space for child drop-off and collection.”
Finnegan says a number of 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 contented plans comprise four buildings with extensive covered verandas, designed sympathetically with their rural surrounds.
“The 4,924sq 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.
“With all the preparation work already completed, this is a superb opportunity to purchase today and commence building imminently,” says Chand.
“As greenfield development opportunities go, 455 Taupaki Road is a truly exceptional proposition.”
Get the latest commercial real estate insights and property news.
Looking for commercial real estate? Try our property search or connect with expert commercial real estate agents today.
Need your real estate assessed? Work with our expert property valuation services team.