Duke & Cooke

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

Published on: 23rd February 2009

UPGRADE OF CIVIC HOUSE POSTPONED
NEIGHBOURS AT ODDS AGAIN
NEW PLAYCENTRE PROPOSED
WORKS PUT ON HOLD IN EFFORT TO REIN IN RATES
PROPERTY WATCH
THOUGHT FOR THE WEEK

UPGRADE OF CIVIC HOUSE POSTPONED

The costly Civic House upgrade in Nelson has been put on hold. Civic House houses the Nelson City Council, and it was announced last year that a $1 million upgrade of the council’s ground floor offices was planned, following a budgeted $190,000 refit of the fourth floor. The aim was for the council to reclaim more of its own space to cater for staff growth. The $1 million budgeted in the 2008-09 annual plan was for a new customer services area and to upgrade ground floor offices.

The Nelson Mail, Monday 23 February 2009
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NEIGHBOURS AT ODDS AGAIN

Objection to Cable Bay plan ‘frivolous’
Neighbourly discord has disturbed Cable Bay again, this time over a proposed subdivision. Resource consent is being sought by the three owners of a 44.5-hectare block of land on Cable Bay Rd, to allow subdivision of the rural land into four allotments. Partners in the land include Glenn Harvey and Jenny North, who several years ago found themselves in a troubled and contentious planning dispute over their objection to the Skywire flying fox tourist attraction at Happy Valley Adventures in Cable Bay Rd. Now they plan to subdivide their land, with an application filed by Ms North and land partner Darren Heeman. However, an existing legally formed right-of-way to the block passes over the land of an adjoining neighbour – Happy Valley Adventures. Owner Keith Anderson is one of two objectors to the application. The other is iwi environmental agency Tiakina te Taiao, which represents four of the six iwi in the Whakatu (Nelson) and Motueka rohe (district). A commissioner’s hearing is planned for tomorrow. Nelson City Council planner Jessica Hollis has recommended that the application be granted with conditions, but the final decision rests with commissioner Richard Fowler.

The Nelson Mail, Wednesday 25 February 2009
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NEW PLAYCENTRE PROPOSED

A public meeting to gauge support for a new Playcentre in Stoke is being held on Monday. Spokeswoman Kathryn Lacy said there was a big demand for a new centre because of the growth in Stoke’s residential areas. The meeting will be at Stoke School at 7.30pm.

The Nelson Mail, Friday 27 February 2009
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WORKS PUT ON HOLD IN EFFORT TO REIN IN RATES

Significant community projects worth millions of dollars could be stalled as the Nelson City Council bows to current economic pressures and a call to rein in rates. Spending will continue on core infrastructure and projects designed to enhance the city long term, as revealed in the council’s draft Nelson Community Plan for 2009-19. It sets out the first draft of plans for the city over the next decade, and how they will be funded. Nelson residents are looking at an average 3.17 per cent increase in rates for the 2009-10 year after spending cuts on some projects, changes to fees and charges and a plan to hold back on loan repayments, which could see debt swell to about $169 million over the next five years. City council chief executive Keith Marshall said the draft plan’s key driver was the state of the economy. “Long term the picture is not that bad, but short term it’s a bit grim.”
City Spending
Nelson residents face a 3.17 per cent rates increase. Works out for now:
* Northern-end upgrade of the Trafalgar Centre.
* Public bus service between Richmond and Nelson.
* Some recycling services.
* Some water and stormwater works.
Works for now:
* Maitai duplicate pipeline.
* Wastewater pipeline to Bell Island.
* Trafalgar Park upgrade, but out if RWC bid not successful.
* Performing arts and conference centre.
* Central city strategy.
* Saxton Field hockey/softball pavilion.
* Solar City plan.

The Nelson Mail, Saturday 28 February 2009
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PROPERTY WATCH

Thomas Fabrics closing

The Thomas Fabrics store in Queen St, Richmond is closing after 26 years. Anne Thomas, who owns the business with husband Chris, said they had decided to get out for lifestyle reasons. “It’s been something we’ve been thinking about for the last couple of years.” But the move was taking place more quickly than they had anticipated, after Summit commercial agent Bevan Dixon immediately found a new tenant for their building, she said. “We never dreamed we would rent the property out within 24 hours.” Mr Dixon said he had been working with Crafts and Gifts from Main Rd, Stoke prior to the Thomas’ building becoming available, and “this was one of those matchups” that provided a “good result all round”. The fabric store will close on March 20. The Thomases plan to “take life easier” and spend more time with their family before deciding their next step.
House sells well above GV
The deceased estate auction of a 1950s four-bedroom home at 15 McMahon St, Stoke saw the property go under the hammer last weekend for $330,000 through Ray White Stoke. Principal Christine Cook said the property was inspected 90 times during the four-week marketing period, and more than 100 people attended the auction, with 13 bidders. “It was truly a fantastic auction with very fast bidding.” She said she believed some people thought they were going to get a bargain, but “a huge increase in buyer activity over recent weeks allowed this property to achieve a great result”. The property has a GV of $270,000.
Cash n Trade on the move
Richmond’s Cash n Trade store is shifting from Queen St into the DA Lewis Furniture store in Croucher St. Owner Gavin Cleary, former owner of the Cash Converters store in Nelson, said he had been operating in Richmond for three years and the business had outgrown its existing premises. “People are always looking for a bargain.” He said there were lots of premises available right now due to existing businesses wanting out. The new store would be three times bigger and would allow Cash n Trade to carry a bigger range of stock, including quality second-hand furniture, Mr Cleary said. He will take over the lease in April and expects to be operating from the new site by May. Meanwhile, DA Lewis managing director Mark Lewis maintained that he was still looking for new premises in Nelson, even though the company has closed stores in Blenheim and Dunedin.
Agent reports good month

A five-bedroom home on a 1.3-hectare property with views over the Waimea Estuary at 232 Westdale Rd, Mapua was sold by Summit agent Gordon Webb within 10 days. It attracted two offers and sold “in excess” of $799,000, he said. The property has a GV of $860,000. Mr Webb said he had sold 10 properties this month and had received multiple offers on four or five during the past six weeks. “That’s a good month, especially in this market.” He believed that people had decided to “just get on with their lives” amid all the talk of recession.

The Nelson Mail, Saturday 28 February 2009
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THOUGHT FOR THE WEEK

"Does fuzzy logic tickle?"

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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.

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