Duke & Cooke

Duke & Cooke Property News
Property News from the Nelson Tasman Region

Published on: 9th February 2009

NEW DEMAND FOR REVAMPED CENTRE
BIG BENEFITS EXPECTED FROM TREATY SETTLEMENT
DESIGNER CHOSEN FOR PARK UPGRADE
BEST ISLAND RESORT PLAN SEEKS CONSENT
RESOURCE CONSENT FEE HIKE PROPOSED
CAFÉ TO HELP WITH COST OF LIBRARY RENOVATIONS
PARKING REPLACES RENTING IN SQUARE
HOUSE PRICES RISE, BUT SO DO DAYS TO SELL
PROPERTY WATCH
Thought for the week

NEW DEMAND FOR REVAMPED CENTRE

Nelson’s revamped Trafalgar Centre hosts its first event tonight with the return of popular Scottish funny man Billy Connolly. About 2500 people will cram into the centre, which has recently undergone a $7 million upgrade that includes a 1400sq m extension, improved acoustics, new public toilets and more seating. Trucks can now drive into the centre via the striking new southern extension and athletes and performers can get ready in comfort thanks to spacious new changing rooms.

The Nelson Mail, Tuesday 10 February 2009
Back to top

BIG BENEFITS EXPECTED FROM TREATY SETTLEMENT

A $300 million Treaty of Waitangi settlement signed today at Parliament will see $179 million given in compensation and hundreds of hectares of land vested back to top of the south iwi. Nelson and Marlborough iwi will also be given a greater say over a number of culturally significant sites in the Resource Management Act process, such as Cable Bay and Lake Rotoiti, and be given exclusive access to a small number of culturally significant sites on conservation land. The settlement, which marks the end of treaty claims in the South Island, was to be signed by Prime Minister John Key and iwi leaders in Wellington this morning. Tainui Taranaki ki te Tonga was the negotiating body for the four top of the south iwi, Ngati Koata, Ngati Rarua, Ngati Tama ki te Ihu and Te Atiawa, and the Wakatu Incorporation on behalf of Wai 56 claimants. Those iwi have been promised $53.69 million in redress and $45.6 million in crown forest rentals and emission credits. The iwi will also receive back 26 sites totalling 285ha, including the Takaka River mouth and Pakawau Inlet, providing they ensure that existing public access remains.
WHAT THEY GET
Tainui Taranaki ki te Tonga
                              $99.29 million
Ngati Koata, Ngati Rarua, Ngati Tama, Te Atiawa
Kurahaupo ki te Waipounamu Trust               $79.61 million
Rangitane, Ngati Apa, Ngati Kuia
Ngati Toa Rangatira                                            $120.95 million

Total                                                                        $299.85 million

The Nelson Mail, Wednesday 11 February 2009
Back to top

DESIGNER CHOSEN FOR PARK UPGRADE

Opus International Consultants has been awarded the contract for designing the initial stage of the planned Trafalgar Park upgrade. Nelson City Council technical services senior executive Alec Louverdis said five tenders were received for the estimated $133,000 contract, and the $116,100 tender from Opus was accepted. The work with a completion deadline of June next year includes upgrading the park’s turf and drainage, upgrading the pavilion, installing an electronic scoreboard, building new toilets and upgrading the existing ones, shaping the northern embankment, creating new perimeter fencing and upgrading the entranceways. This would include new electronic turnstiles, Mr Louverdis said in his report to yesterday’s infrastructure committee. The work has been budgeted at $3.8 million. An additional $1.8 million for the upgrade of the park’s lighting, which was dependent on the Tasman Makos remaining in the Air New Zealand Cup premier rugby competition, will now go ahead.

The Nelson Mail, Wednesday 11 February 2009
Back to top

BEST ISLAND RESORT PLAN SEEKS CONSENT

Plans to build a $20 million co-village on land partly owned by the Greenacres Golf Club at Best Island have reached the resource consent stage. Scott Sanders, a co-owner of the Grand Mercure Nelson resort at Monaco, said he had lodged a consent application with the Tasman District Council and was expecting it to call for submissions soon. Mr Sanders’ company, Camden Properties, is seeking permission to build a two-storey administration building, a common area with a pool and 31 single-storey units on 2.4 hectares at Best Island. The site encompasses the existing Greenacres Motel and surplus golf club land.

The Nelson Mail, Thursday 12 February 2009
Back to top

RESOURCE CONSENT FEE HIKE PROPOSED

The cost of gaining and monitoring a resource consent in Nelson city is set to rise as the council moves to shift the bulk of the cost burden from ratepayers to users. The council’s environment committee agreed yesterday to send out for public consultation a new fees and charges schedule for resource consents. It also agreed to adopt new fees and charges for building consents, which will take effect from March 1 this year, with an emphasis on seeking a “bigger up-front deposit” to avoid the need for multiple invoicing. The current funding split for resource consent activities is 55 per cent user pays and the remainder ratepayer funded. The proposal is to increase income from fees and charges to 80 per cent, the environment committee heard. The proposed schedule of fees and charges for resource consents will be released for public consultation in conjunction with the Long Term Council Community Plan in late March. Once the final fees are adopted, they will come into force from July this year.

The Nelson Mail, Friday 13 February 2009
Back to top

CAFÉ TO HELP WITH COST OF LIBRARY RENOVATIONS

The installation of a café in the Tasman District Library in Richmond will pay off $300,000 of a planned $1.3 million refurbishment of the library. The café would be leased out by the Tasman District Council and integrated into the Richmond-based library, rather than being run as a separate business, Tasman libraries manager Lisa Oldham said. The decision was made by councillors in private during their community services committee meeting last December. The café will be more like a coffee bar and is planned for the corner near the windows on the Queen St side of the building, near the magazines and newspapers. The refurbishment, for which the council will borrow money to carry out and ratepayers will cover the cost of the loan, will include using the building’s empty space to make the library size more in line with national standards.

The Nelson Mail, Friday 13 February 2009
Back to top

PARKING REPLACES RENTING IN SQUARE

Demolition has started of the Apex car rental building in Nelson’s Wakatu Square to make way for another seven parking spaces, Nelson City Council technical services executive Alec Louverdis says. He said the plan was to extend the Wakatu Square car park and alter the layout, which would create a new entrance on its western side. Following demolition, the ground would be levelled in preparation to seal the area.

The Nelson Mail, Saturday 14 February 2009
Back to top

HOUSE PRICES RISE, BUT SO DO DAYS TO SELL

The median house price in the Nelson region lifted during the last month while the number of sales was on par with December, according to the latest Real Estate Institute figures. However, the median number of days that it took for properties to sell in Nelson Marlborough grew significantly worse, climbing from 42 days in January 2008 and 46 in December to 70 last month. That’s the highest it has been since 2001, when the median number of days to sell was 65. The number of property sales in the Nelson region dropped by one to 114 between December and January. In January the previous year, there were 130 property sales. The region’s median property price was $316,500 in January, compared with $296,000 in December and $340,000 in January the previous year.

The Nelson Mail, Saturday 14 February 2009
Back to top

PROPERTY WATCH

Mapua Restaurant sold
Mapua’s Muttonbird Restaurant – formerly Shed One and Flax has been bought for an undisclosed sum by a group of local residents that includes Shawn and LJ Lawson who founded the Naked Bun Patisserie and Café, and last year opened Bounce Early Learning Centre in Mapua. Their partners in the new venture are David Cunliffe and Sandra Hartnett. Mrs Lawson said they took over the restaurant on January 28 and were operating it as is while planning changes. They hope to eventually create separate dining and lounge/coffee/bar areas and change the name, she said. The restaurant was previously owned by John and Marie Rouse who coincidentally bought the Naked Bun from the Lawsons in 2006 before on-selling it last year.
Sands values still falling
Values of apartments in the Sands complex at Tahunanui are continuing to fall. The Nelson Mail understands a unit which sold for $404,000 in 2006 resold for $340,000 last month. It has a GV of $380,000. Two other apartments with GVs of $380,000 sold in December for $345,000 and $315,000 respectively. Geoff Butterworth from Quotable Value confirmed Sands apartments were selling for “substantially” below the initial asking prices and 2006 valuations. “There is demand for apartments in Nelson but purchasers are only willing to pay what they perceive to be sensible prices, particularly under today’s tighter market conditions.” Mr Butterworth said rates for the Sands apartments varied from about $1300 to $2200 a year and he understood body corporate charges were between $4500 and $8000 a year. “The apartments are not investment properties in the true sense as they are not self-sustained by their cashflow.” Some people who had purchased the apartments to rent were likely to be targeting some tax benefits, he said.

Properties sell fast

A two-bedroom home with a pool in Fergusson St, Stoke, and a two-bedroom plus sunroom 1920s bungalow in Alfred St, Nelson, both sold through Green Door after receiving offers within a week of being listed, agency director Gary Le Petit said. The Stoke home had a GV of $250,000 and was listed for $265,000, while the Nelson home had a GV of $280,000 and was listed for $329,000. Mr Le Petit wouldn’t reveal sale prices but said both properties sold above their GV. Meanwhile, a fully renovated character property in Cleveland Terrace with a GV of $480,000 sold after being listed at inquiries over $625,000. “It attracted a great deal of interest and was under offer in six weeks.”

The Nelson Mail, Saturday 14 December 2009
Back to top

Thought for the week

“Television is like the toaster, you push the button and the same thing pops up every time.”

Back to top

This publication is compiled by Duke & Cooke Ltd, valuation and property specialists. The information contained within this newssheet has been obtained from various local sources and no responsibility is held for any parties relying on the accuracy of this information without obtaining independent verification.

To contact us regarding circulation of this service: Phone +64 (03) 5489104, Fax +64 (03) 5468668, or email: admin@valuersnelson.co.nz