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Property Investors Come In To Play As Brand-new Daycare Centre Goes Up For Sale
A purpose-built pre-school childcare facility under construction in the heart of a major new suburban development set to accommodate more than 2500 residents has been placed on the market for sale.
The state-of-the-art amenity is being built in a burgeoning residential enclave called Lockerbie Estate sitting on the current urban boundary of the Waikato township of Morrinsville. The emerging suburb is one of the largest such urban developments increasing both housing and social infrastructure in the Waikato.
The new master planned Lockerbie Estate community – including the daycare facility currently under construction – will see the creation of some 800 new residential dwellings on 79 hectares of what was once farmland. Located some 29-kilometres east of Hamilton directly on State Highway 26, Morrinsville has a population of approximately 7,000 residents.
The greater Lockerbie Estate development will also include a retirement village, café, and neighbourhood retail hub. Lockerbie’s residential development has been planned for gradual evolution over eight stages – the first of which commenced last year, with the final phase scheduled for completion by 2030.
The freehold land and day care facility premises which will accommodate the Morrinsville Early Learning Village being built on the corner of Lockerbie Street and Fairway Drive are now being marketed for sale at auction on October 28 through Bayleys Hamilton.
The 504-square metre building is specifically designed to radiate from the centre outwards - with the infants’ area safely encircled by the ‘big kid’s zone’ and access to shade-covered outdoor play areas. The single-storey interior will also feature administrative office space, a kitchen, laundry, and separate staff and patron bathroom amenities.
Situated on some 2,492-square metres of freehold land, the Morrinsville Early Learning Village daycare centre will be licensed to accommodate up to 85 children - with car parking for staff and clients, and a substantial on-site pick-up and drop-off zone to ensure the safety of children attending the centre.
Located on the corner of Lockerbie Street and Fairway Drive in Morrinsville, the impressive new facility is due to open in September next year, and will be operated by Waikato-based childcare services provider Grow ECE Limited which already runs several other such locations in the region.
Grow ECE Limited’s approach to running daycare amenities is through creating a ‘village’ atmosphere where caring, growing and celebrating the extraordinary is an everyday experience.
Bayleys Hamilton salesperson Josh Smith said the growing demand for early childhood education and care in New Zealand – known as ECE - was being was being driven through changes in demographics, population, and societal changes in the way families lived and worked.
“For families with two working parents, along with many solo parent households, outsourced childcare is an integral and now widely accepted part of modern family life,” Smith said.
“Public funding for the sector is reliable and secure. The 2020 Government budget for example committed an additional $278 million over the ensuing four years to fund ECE services employing fully-qualified staff.”
The proportion of New Zealand children enrolled at education and care service amenities increased from 63 percent in the 2015 Early Childcare Education (ECE) census, to 69 percent in the 2020 ECE figures – with the number of weekly ECE attendance hours also growing over the same period from 22 to 23.3 hours.
“Proximity to higher socio-economic suburbs where residents generally have more income to spend on ECE services was an important consideration in the decision to build this new early childhood centre, along with proximity to locations where there is a high level of employment - as parents like to work close to their child’s day care centre,” said Smith.
“Morrinsville is increasingly being seen as a home-buying destination by families priced out of the Hamilton residential property market but still wanting to stay in the province, as a more cost-effective provincial location in which to be live.
“This long-term pipeline of population growth relocating into Lockerbie Estate as stages open up will underpin the customer base for the early childhood centre being offered for sale.”
Smith said the Morrinsville Early Learning Village being daycare centre was being sold with a ‘sunset clause’ in place to offer guaranteed security of construction by the agreed date to allow the centre to open ready for immediate occupation by Grow ECE Limited.
Click here for more information on the listing.
Bayleys Real Estate
New Zealand
Bayleys is New Zealand's largest full-service real estate company. We offer expertise in the marketing and sale of a wide range of property, including residential real estate, farms and lifestyle blocks, and commercial and industrial property. This includes tourism and business sales such as hotels and motels. We also cover the real estate markets in Fiji and other Pacific Islands.
Bayleys also provides a complete property and facilities service including property management and valuations teams focused on achieving both Owner and Tenant satisfaction.
No other real estate company can match our breadth of coverage across all market sectors throughout New Zealand.
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