In a carefully considered strategy to diversify the investment returns that support member services – the Cerebral Palsy Society has looked to the property market for growth opportunities.
Nearly a year to the date, one of the investment arms of the Society – Cerebral Investments Limited (CIL) - purchased a property in the Whangaparaoa Peninsula with a view to breathe new life into a property full of potential.
Located some 25 kilometers north of Auckland, the property at 7A Monyash Road in Manly has since benefitted from extensive renovations, now marketed for sale with Bayleys Whangaparaoa and a price by negotiation.
“We identified the Whangaparaoa as a viable area for investment as property values at the time remained relatively affordable in comparison with the wider Auckland region.
“Amenities, access to good schooling and a strong sense of community were also key factors” says Anthony Smith, board member of the CPS and director of CIL.
Born from the desire to create a more sustainable model for investment, joint directors of CIL, Anthony Smith and Brian Yee say that 100% of the profits generated from the sale will be for the benefit of the Society.
While cerebral palsy was first defined in 1861 - the earliest dedicated structure specifically for cerebral palsy in New Zealand was formed in the early 1950’s and has, since that time, embraced the goal of enhancing the lives of those affected by the condition.
“Cerebral palsy is a group of disabling conditions, which primarily affect movement and posture. Cerebral palsy itself is not progressive – but it is also not curable in the accepted sense – however training and therapy can help improve function. There are approximately 7,000 people across the country affected by some degree of cerebral palsy” says Mr Smith who became involved with the society after his daughter was diagnosed with the condition at age 12
“We have always had a hardy culture of self-sufficiency, and the society prides itself in taking a proactive and innovative approach in all we do, which includes raising funds and limiting our reliance on Government assistance”
The society presently offers a number of programs designed to enrich, support and enable members in all aspect of their daily lives. From the ‘getOutThere’ program, which provides a voucher system for partial-funding of transport not covered under the Total Mobility Scheme, to counselling access provided by the ‘getUpAgain’ program, their mission statement of empowerment and building confidence is at the very core of each endeavor.
Yet, these services come at a cost, and in seeking a strategic method to meet the needs of membership, CIL purchased the Monyash Road property in April 2016 with a view to creating a more sustainable avenue for fundraising.
Originally constructed in the 1980’s, CIL has worked with local contractors to transform the traditional brick and plaster home with a distinct focus on quality.
“Being the first project of its type, and something we hope to replicate, it’s been of the utmost importance that all works have been undertaken with an emphasis on integrity.
“Previously three-bedrooms, a fourth bedroom has been added to the upper-level of the home, while the master gained a sparkling new ensuite and the separate family bathroom on the same level has been completely modernised.
“There is a brand new open-plan kitchen and living area, and glass railings running along the large balcony offer uninhibited north-eastern views to Polkinghornes Bay of Kawau Island and the Mahurangi Peninsula.
“In planning the property we were careful to create a home that is easy-care, and from the landscaped gardens to the neutral colour scheme, we hope that the renovations offer interested buyers the chance to really envisage themselves living here” Mr Smith adds.
Seeing that the project is an excellent way for the CPS to work in partnership with local businesses to promote quality housing, Bayleys Whangaparaoa salesperson Darren Grant says that feedback from viewings has been promising.
“The home itself has been completed to such a high standard, and while boasting sea views in a desirable neighbourhood, people are really intrigued by the story, seeing value in the partnership between the community, local businesses and a charity which provides such vital support for their members” Mr Grant says.
“The project really is a win-win, and we hope to effect a successful sale which could be the catalyst for the CPS to move forward with additional partnerships in the future.