Quote Originally Posted by forest View Post
Amberwood, 499 Don Buck Rd Massey, West Auckland.
On site approximately 30 Rest Home units of the older style, and approximately 30 high need type or hospital rooms (single) build later maybe early 2000.

Amberwood has a road sign which used to note it was part of the OCA group, this part of the OCA group has been painted over so I assume it is not longer owned by OCA.
Seems that sold for $9.5Mln.
If we say a high needs suite is worth 15% of a unit, it values a unit including the land its on at $275k.

Selling off individual villages like this would likely generate more value than a buyer looking at taking over OCA.

A buyer of an individual small development will quite likely be looking at utility value. I.e charities, councils, Iwi etc looking to provide public housing.

Whereas a commercial valuation of OCA will have no such emotive value. It will purely come down to the PV of net future cashflow.