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Duke & Cooke Property News |
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Published on: 26th January 2009 REST HOME GETS NEW OWNERS REST HOME GETS NEW OWNERSA North Island couple involved in rest homes and property development have purchased the Wakefield Rest Home, put on the market for just $1. Alistair and Kim Austin will take ownership of the 20-room rest home later this week. Companies Office records show that they are involved in numerous companies, including three that went into liquidation, two as recently as last year. Jean Goldie, 87 spent more than $1.6 million supporting the rest home since its inception. Her family announced last November that she had become ill and could no longer afford to keep propping it up. They sought to sell – or effectively give away – the business while retaining the land and buildings. The Nelson Mail, Monday 26 January 2009 FIRST LOOP NEARS COMPLETIONThe first loop of the Kaiteriteri mountainbike track is nearing completion after a productive working bee yesterday morning. A group of seven mountainbike enthusiasts turned out to rake, smooth and clear foliage from the first section of the track, which is about 750 metres long and has an elevation of 40m. Project coordinator Guy Trainor said the group would put the finishing touches on the loop this weekend and after that were just hoping for a decent rainfall to set the track. The track is on land owned by the Kaiteriteri Recreation Reserve Board and the Department of Conservation. Construction began on the track in November last year, and it was originally estimated it would take three years to complete the project. However, Mr Trainor said because Riwaka’s NS Rogers farm machinery hire business had hired them a mini digger at a “very favourable rate” he envisaged the entire 10km track could now be completed within about 12 months. The Nelson Mail, Monday 26 January 2009 TARGETED RATES TO HAVE BIG IMPACTNew targeted rates will hit some Tasman district ratepayers with extra costs running into hundreds of dollars on top of their general rates. The council has lined up four major projects in Golden Bay and Motueka which will be part-funded by the new targeted rates. It is also considering introducing a separate tourism rate, which tourism operators will have to pay. These will come on top of this year’s proposed average general rate rise of between 4.5 and 5 per cent. The Nelson Mail, Tuesday 27 January 2009 REVAMP FINISHED BUT COST UNKNOWNThe refurbished Ministry of Social Development office in Nelson’s Bridge St was officially opened by new Social Development Minister Paula Bennett today, but the ministry can’t seem to say offhand how much the project cost. The upgrade to create the ministry’s new Nelson regional office, where Child, Youth and Family is now housed with the ministry’s other services, included refitting and refurbishment of the first floor. Work began in November and was completed last week. Overdue maintenance work, which included replacing a substantial part of the roof and installing new air conditioning and security systems, was also done during the past year. More work will be done on the second floor in coming months. The Nelson Mail, Tuesday 27 January 2009 COUNCILLORS TO DISCUSS CENTRENelson city councillors will hold a workshop on the planned regional performing arts and conference centre, following tomorrow’s community services committee meeting. Chairman Pete Rainey said the workshop would not be open to the public but was an opportunity for informal discussion. The council announced last July it had signed an agreement with Rutherford Holdings, which is owned by the Talley’s Group, to buy the site next to Nelson’s Rutherford Hotel for the planned centre. The parties intend to build a conference centre and performing arts centre, which has been touted as costing up to $30 million, with a portion of that provided by the council. The council plans to pay $4.2 million for the 3662sq m site, but aspects of the agreement still have to be thrashed out before settlement in July. The Nelson Mail, Wednesday 28 January 2009 SMITH SAYS NO TO OPENING AS PROTEST AT COSTNelson MP and ACC Minister Nick Smith has rejected an invitation to formally open Nelson’s new Accident Compensation Corporation office, because he says the cost of the building is excessive. In late December, ACC moved from the AON Building in Hardy St to its new premises on the corner of Collingwood and Halifax Sts. The annual rent increased 249 per cent, from $99,000 to $346,000. ACC was locked into a 10-year contract on the lease, Dr Smith said. The Nelson Mail, Thursday 29 January 2009 PROPERTY WATCHLaw office in Sands A former policeman turned lawyer has established a new neighbourhood law office in the Sands complex at Tahunanui. Steve Webb was previously in partnership at Stevens Orchard Lawyers in Stoke but said the opportunity of gaining well-located premises in Tahunanui at a good price enticed him to set up his own practice this month. Mr Webb believes the Sands building has been under utilised but its time is coming. He said he’s already gained clients off the street as a result of being open on Saturdays. The premises were leased through Summit commercial agent Bevan Dixon who this week listed another similar-sized commercial space, 60sq m, in the Sands for lease at $15,000 a year excluding GST and operating expenses. A four to five-bedroom home in a “park-like setting” at 13 Garin Grove, Richmond, sold for $615,000 last month after being priced at offers over $650,000. Listing agent Craig Hamilton of Haven Realty declined to comment on the sale. The property has a GV of $600,000. It last sold in July 2004 for $595,000, meaning the property value increased just 3.36 per cent in five years. New Zealand property values grew by 120 per cent between 2002 and mid 2007, according to Quotable Value statistics.
The Nelson Mail, Saturday 31 January 2009 Thought for the week“If you want the last word in an argument, say, ‘you’re right’.” |
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