News and Publications

Property News: 18 February 2019

Winery finds new owners

The new owners of the troubled Mahana Estates winery plan to move quickly to produce a 2019 vintage at the upmarket site.

KiwiSaver fund provider Booster has bought the major assets of the winery, which was placed in receivership last year following a drawn-out legal dispute between its former owner and investors.

Booster has bought Mahana’s four-level winery, cellar door tasting room, restaurant and function centre from the receivers, as well as its 21-hectare vineyard. Nelson-based Seifried Estate winery has bought another Mahana asset, a 9ha sauvignon blanc vineyard in Hope.

The purchase prices were not disclosed for commercial reasons.

Booster announced that the Mahana purchase would add to its other wine investments – Marlborough’s Awatere River, Nelson’s Waimea Estates, Sileni Estates in Hawkes Bay, and Bannock Brae in Central Otago – to form the Booster Wine Group.

(The Nelson Mail, Friday 1 February 2019)

New home for NZ Post with new partner store

New Zealand Post will have a new home in Nelson soon as it moves out of its current site in Hardy St, which it shares with Kiwibank.

From March 7 NZ Post will partner with Paper Plus Nelson, moving into its premises in Trafalgar St.

The move has prompted a Kiwibank decision in June 2018 to establish a stand-alone banking branch in Nelson. This will be done in the Hardy St location.

(The Nelson Mail, Friday 1 February 2019)

Buyers living in limbo

Jacqui Maitland and her husband are living in limbo. For the past year they have been staying in a small downstairs flat in her aunt’s house while waiting for a title that will allow them to build on their Stoke section.

‘‘I’ve had enough,’’ Maitland said.

In September 2017, she and her husband secured a $290,000 section in stage five of the Quail Rise subdivision in Marsden Valley. The title for the 860-square-metre plot was due the following February.

Quail Rise’s developer, Graeme Dick of Projects & Ventures, said a number of factors were behind the delay.

‘‘With hill developments, it takes a bit longer. This is one where we have been a little out,’’ he said.

He also mentioned weather, the availability of contractors, issues with the Nelson City Council, and planning.

He said everything was now on track, and the titles would be ready in March.

(The Nelson Mail, Saturday 2 February 2019)

Bateup Rd project faces time, cost increase

Extra work is adding time and cost to a multimillion-dollar project to improve Bateup Rd in Richmond.

Work started on the Tasman District Council project in August, and was due to finish in March. However, it is now expected to take several weeks longer after the construction of road access, footpaths, power, water and drainage to service the Paton Rise subdivision was added to the project.

‘‘We’ve been working with the developers of subdivisions in the area to ensure the construction of infrastructure such as footpaths and utilities are coordinated and reduces the need for additional roadworks in future,’’ said council programme delivery manager Russell McGuigan.

‘‘The Paton Rise developers are contributing to the cost of the works.’’

The subdivision, which is set to add 48 new sections in its first stage, due for title in late 2019, is one of the developments in Richmond South that the widened road will serve. It will also cater for the extra traffic that is expected to be generated by a planned New World supermarket, to be built on a site near Three Brothers Corner.

(The Nelson Mail, Saturday 2 February 2019)

Overpass planned for Railway Reserve

A new road connecting Nelson’s Waimea Rd to a $125 million development in the Port Hills will be built over the Railway Reserve.

The road, an extension of Princes Drive, will intersect with Waimea Rd 350 metres north of Beatson Rd and service a new lifestyle village which will house up to 300 people.

Nelson City Council acting group manager of infrastructure Margaret Parfitt said the overpass had been on the books for almost 20 years, and was just waiting on a development to make the road necessary.

The road is controversial, as the planned intersection with Waimea Rd will be traffic-light controlled.

Designs have been approved for a 50kmh intersection despite the current speed limit for that stretch of road being 70kmh. The public is being consulted on reducing the speed limit.

(The Nelson Mail, Saturday 2 February 2019)

Ideas sought for grassed area at Brooklyn reserve

A call for suggested uses of the flat, grassed area at Brooklyn Recreation Reserve is one of five key questions in a draft Motueka Ward Reserve Management Plan, which is now out for public consultation.

Vested in 1984, the 4.6ha reserve at Brooklyn also includes a remnant of lowland forest that has been assessed as significant. The hillside supports an area of tawairauriki/black beech and regenerating native forest dominated by kanuka.

Submissions on the draft plan are due by 4pm on February 25. March 20 and 21 have been scheduled as possible hearing dates with the full council due to adopt a final plan on May 9.

(The Nelson Mail, Wednesday 6 February 2019)

Asking prices for homes at all-time high

House prices in Nelson region are “cooked” with second home local buyers being priced out of the market by cashed up out of town retirees, according to a local agent.

The assesment comes as it is revealed that Nelson is bucking the national property trend by having a record all-time average asking price combined with an increase of listings.

According to realestate.co.nz, the average asking price in Nelson is now $686,963, up 7.6 per cent compared to January 2018. There are seven other regions that have had all-time high asking prices, but all of those also had a fall in listings during that same period.

However, realestate.co.nz says that Nelson is the exception with a jump of 13.3 per cent of new listings, when compared to January 2018.

(The Nelson Weekly, Wednesday 6 February 2019)

New life breathed into Tahuna centre

In the space of a month the staff at Tahunanui Community Centre have been on a roller coaster of emotions.

On December 21 last year, the teachers of the pre-school, which is owned by the centre, said goodbye to the families that attended the early childhood centre and were looking forward to a break before starting back again in the new year.

However, that afternoon teacher Brigitte Older received a call saying that the community centre was in severe financial stress and would have to be closed, along with the pre-school.

At the start of the 2017/18 financial year the centre had cash of $141,292 but that had dwindled to $43,590 by the end of it. It was revealed that the centre was burning through $8000 a month for the first six months of the new financial year until it ran out of money.

(The Nelson Weekly, Wednesday 6 February 2019)

Freedom camping site popular

The new freedom camping site on Fittal Street, just off Beach Road, has been a huge success, says the Tasman District Council.

A bylaw that was made effective from December 24 permits freedom campers to stay in the Fittal St car park.

The council has set aside 17 spaces near the entrance to the Richmond Resource Recovery Centre for both self-contained and non-contained vehicles.

Community relations manager Chris Choat says the new initiative has been "hugely successful" and that the new freedom campsite has been busy all summer.

(The Waimea Weekly, Wednesday 6 February 2019)

First fire, now water crisis

Water is emerging as the biggest threat in the Tasman district as ‘‘desperate’’ growers face tougher water restrictions earlier than ever.

Most water permit holders on the Waimea Plains face a 65 per cent cut from Monday, which includes the Tasman District Council’s own allocation for its reticulated system that supplies several key urban areas, including Richmond.

Businesses connected to the council supply face a 25 per cent cut.

The financial impact on the region of the big dry is expected to run into the millions, potentially outstripping the cost of the forest fire still burning in some of the hills and valleys around the plains.

Tasman district mayor Richard Kempthorne on Wednesday said the cost to the economy had been assessed at $100m from a 35 per cent water restriction, so a 65 per cent cut would be ‘‘significantly greater’’.

(The Nelson Mail, Friday 15 February 2019)

Nelson house price average tops $600k

Nelson's average house price has cracked the $600,000 mark, continuing to grow despite a slowdown in other parts of the country.

Figures from Quotable Value show residential property values in Nelson average $609,985 in January, an increase of 3.2 per cent over the past quarter, and 9.2 per cent since January 2018.

Growth in the Tasman region has been somewhat slower, with increases of 1.4 per cent over the past quarter and 5.6 per cent over the past year.

The average house price is still close to those in Nelson however, now sitting at $592,575.

(The Nelson Mail, Friday 15 February 2019)

Zoo's future in councillors' hands

Natureland says it will close, and potentially euthanise some animals, if it doesn’t receive more council funding.

A letter from its trust was tabled at a Nelson City Council workshop on Thursday.

Signed by Natureland Wildlife Trust board chair Alan Hinton, the letter said the trust would not formally renew its contract from July, ‘‘at the contract price of $170,000 plus GST, as it would be facing insolvency’’.

Hinton outlined four options available to the council: either increase the funding to the originally-sought-for $248,000 per year, help fund the closure of the zoo, seek tenders for operating the zoo, or take over operation of the zoo from July this year.

(The Nelson Mail, Saturday 16 February 2019)

Thought for the Week

Thought for the week 190218