The property should appeal to an owner-operator looking for a smaller childcare business opportunity, says Chaudhary.
"Or it could appeal to an add-value investor with a tenant in mind, or prepared to take a punt on finding an occupant - which would seem a fair bet given the current buoyant nature of the childcare sector.
"One of the big points of difference with this offering is that it can be purchased for less than $1.5m; consented childcare centres in this affordable price bracket are difficult to find in the Auckland region."
Chaudhary says project involves an extension to the north to expand the interior to about 200sq m. Alterations include timber decking around the extension and moving the main entry from the southern side of the building to the western side.
The internal layout provides for a staffroom, kitchen, laundry, sleep room and separate baby and toddler zones and amenity areas. There will be interlinked indoor and outdoor play areas with the latter enclosed by a 1.8m-high acoustic fence. A total of 10 on-site parking spaces will be provided, including one mobility space.
Snijder says it is on a high-profile corner site, predominantly surrounded by reasonably intensively developed residential properties. Waiuku town centre is about 600m to the northwest and the property is within easy driving distance of the town's schools.
"As a result of recent rezoning, Waiuku has undergone a major transformation, with strong growth in both residential and commercial development and has become a popular service area in the Frankton district," says Snijder.
"It's among several destinations of preference for residential purchasers who have been locked out of the expensive central city housing market and are prepared to make the commute into Auckland for work in order to get a foot in the property market."
Prashant Vijan says there has been considerable expansion in the demand and level of services for early childhood care education throughout New Zealand, reflecting not only the Government's focus on its value but also the increasing demand from parents for preschool care and education options.
He says numerous new centres have been established in Auckland over the past two years, some in converted residential or community buildings such as the Waiuku one, while others are situated in purpose-built premises.
