News and Publications

Property News: 17 June 2019

Better access to island wanted

Public access to the $16 million Pepin Island needs to improve if the island is sold to an overseas buyer, Nelson MP Nick Smith says.

Smith has written to the Overseas Investment Office (OIO) to ensure there is an opportunity to increase public access to the island which lies north-east of Nelson city.

He has also written to the Conservation Minister, Eugenie Sage, and Land Information NZ (LINZ) to ensure that if the property was resold to an overseas buyer the island had better public access and protection.

The legal title for the 520 hectares of land include the water’s edge, which is 10km around the coast, whereas most other areas have a Queen’s Chain reserve of 20 metres.

The 520-hectare island 25-minutes north-east of Nelson city was put on the market for $16m by US-based owner Olivia Hallman after inheriting the island from her mother, German industrialist Viola von Hohenzollern in 2012.

(The Nelson Mail, Monday 10 June 2019)

Social housing to be sold

Nelson pensioners fear they may have to find somewhere else to live, after the city council voted to sell its community housing.

The decision to sell the 142 properties, home to 152 people aged 55 or older, passed with only Councillor Tim Skinner ‘‘strongly’’ against the sale.

Councillors agreed to sell partly because of the cost of maintaining and refurbishing the housing, which is estimated to be $20 million within 25 years.

The idea that another community housing provider would be able to develop more housing was also attractive.

There were also concerns that ratepayers were subsidising the pensioners’ rent by $160,000 per year. This figure works out to $8 per ratepayer.

(The Nelson Mail, Wednesday 12 June 2019)

Thought for the Week

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