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Duke & Cooke Property News |
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Published on: 9th March 2009 RSA TO QUIT THE MAITAI CLUB RSA TO QUIT THE MAITAI CLUBMoving to Suburban The largest member organisation of the financially troubled Maitai Club, the Nelson RSA, has decided to leave the club, saying it is unsustainable for it to remain. The RSA joined the Maitai Club in 2002 after selling its Rutherford St premises to Briscoe Group for $1.75 million. Nelson RSA president Derek Nees said the decision was not unanimous, but a majority of members agreed to the shift. Mr Nees said the RSA had put $27,000 into the Maitai Club two years ago, and before that had handed over $5000 and $10,000, something that could not continue. The RSA put in $100,000 when it joined the Maitai Club, as well as a further $260,000 for an extension to house pool and snooker tables. The Maitai Club is an incorporated society made up of the Nelson RSA, the City Club, the Nelson Region Pool Association and the Maitai Bowling Club, which between them have more than $1 million tied up in the club in equity and loans. The Nelson RSA has about 730 members. It is understood the City Club has about 150, the Bowling Club around 60 and the Pool Association between 80 and 100. The RSA’s 700-plus members would become full members of the Suburban Club, and would boost Suburban Club membership to more than 6200. (The Nelson Mail, Monday 2 March 2009) TDC PONDERS REZONING IN MOTUEKA WESTMuch of the horticulture land on the west side of Motueka could be rezoned for light industrial and residential development, according to a consultation paper on a major planning project. The Tasman District Council released the paper last week, giving Motueka residents 11 days to digest the proposal before consultation clinics and a public meeting on March 10. The draft plan provides for a mix of industrial, commercial, residential and open space uses in the western Motueka area bounded by High St, King Edward St, Queen Victoria St, Pah St, Grey St and Whakarewa St. A council land assessment predicted that over the next 50 years Motueka will require an additional 24ha of industrial land, 15ha of commercial land and 5ha of retail land. A 2007 survey determined that the town had 34ha of industrial land and 15ha of commercial land, of which very little was vacant. (The Nelson Mail, Monday 2 March 2009) COUNCIL RENT PROPOSAL RAISES IRE OF RESIDENTSThe Nelson City Council is proposing through its draft community plan, to increase rents on community housing from 25 per cent to 30 per cent of superannuation, which equated to an increase from $70 to $77 a week for a single occupant. Previously, the rate was set in relation to market rents. In 2004, it was set at 25 per cent of National Superannuation. Most community housing tenants are on the pension and the remainder are on other benefits. Single tenants in Nelson pay less per week than those in Tasman, New Plymouth, Napier and Marlborough. The weekly rent for a double unit in Nelson is currently $109.95, and is cheaper only in New Plymouth, according to data collected by the council in December last year. In Marlborough, a double occupancy unit costs $136 a week. Public consultation on the matter will be open on March 27, through the council’s long-term community plan. (The Nelson Mail, Tuesday 3 March 2009) SIGN UP NOW FOR BURNER LOAN DEAL, COUNCIL URGESNelson homeowners are being urged to sign up now for city council financial assistance to replace their old enclosed burners, which can no longer be used after the end of the year. The deadline applies to burners installed before 1996 in Tahunanui, Bishopdale, the hospital area, Victory, the area between the colleges, and Washington Valley. Burners installed before 1991 in Stoke, Wakatu and Enner Glynn area also affected. The financial assistance is not income-tested and includes rental properties. The “buy now, pay later” interest-free loan is repaid through a targeted rate. (The Nelson Mail, Wednesday 4 March 2009) RATE RISE DECISION DUE TODAYTasman district councillors were today to decide whether a general rate rise of 4.96 per cent will be included in the draft long-term plan. The highest proposed percentage rise is in the district facilities rate, which could increase 43.5 percent from $34.80 to $49.94. The council was also to decide on the cost of new targeted rates for four major projects in Golden Bay and Motueka: the reconstruction of the Lower Motueka River stopbank, expanding a high-pressure water supply in Motueka, building a high-pressure firefighting water supply for the Takaka central business district, and replenishing sand at Torrent Bay. The cost of a two-tier targeted tourism rate was to be discussed, with some tourism businesses facing up to $356.92 a year. (The Nelson Mail, Thursday 5 March 2009) PROJECTS PUSH UP MOTUEKA RATESBig-ticket items outlined in plan A multimillion-dollar wastewater treatment plant upgrade and a $19.2 million flood protection scheme, both planned for Motueka, will mean some Motueka residents could be hit with an 11.25 per cent rates rise. A summary of the Tasman District Council’s long term council community plan was released yesterday providing a taste of what the district’s ratepayers can expect to get for their average 4.32 percent general rate rise over the next decade. For 2009-2010 the council is proposing a 4.96 per cent general rate rise and a new list of targeted rates. During yesterday’s council meeting, councillors accepted the funding impact statement to be included in the long-term draft plan. The plan features a list of capital projects worth $417 million, which will more than double the council’s debt load to $260 million. Major infrastructure projects such as an upgrade of the Motueka and Takaka wastewater treatment plants will potentially cost $9.3 million. The long-term plan’s big-ticket items are a $19.2 million floor protection scheme for Motueka, which will be carried out over 20 years. More than $11 million of the cost will be paid for in the first 10 years, which will be funded through a targeted rate with two tiers. Money spent on community facilities will potentially include $3.4 million for Golden Bay and upgrades of the Motueka Recreation Centre and Mapua Community Hall. Expenditure on sport facilities may include $600,000 on a motorsport facility and $3.1 million towards a Rabbit Island water sports facility. The drafts long-term plan will be available to the public on March 17, with submissions closing on April 27. (The Nelson Mail, Friday 6 March 2009) COUNCIL ADOPTS FINDINGS ON PORT NOISEPort Nelson will have to comply with new rules about noise. The Nelson City Council has adopted the recommendations of an independent commissioner hearing panel on how to manage issues related to port noise. The commissioner’s key recommendations supports a variation, sought by the council, to the Nelson Resource Management Plan stating that Porgrdet Nelson is responsible for minimising the amount of port noise at the source. The decision was released by the council today and means that the port company, which is owned by the Nelson city and Tasman district councils, is required to provide acoustic insulation to qualifying houses and, in some cases, offer to buy the most-affected houses to mitigate the effects of the noise. The bill is likely to be upwards of $3 million. Port Nelson had already stated working with the owners of 11 Queens Rd houses considered to be the worst affected by port noise. Port Nelson chief executive Martin Byrne told The Nelson Mail earlier this year that the company had approached a number of the worst-affected property owners to work towards resolving the problem. (The Nelson Mail, Friday 6 March 2009) PROPERTY WATCHNelson Central Mall sold The Nelson Central Mall which houses Farmers and several other retailers between Trafalgar St and Buxton Square has been sold by the Christchurch-based Munro Property Group to Nelson-based company Pascoe Properties. Neither party would reveal the sale price but it has a GV of $7.8 million and was expected to fetch about $9 million when put on the market last year. Pascoe Properties director Gaire Thompson said Farmers had recently renewed its lease and he believed the property had a “good future”. He’s opposed to the establishment of “peripheral” shopping centres in Nelson and is keen to explore options for the Farmers store gaining more space within its existing premises. Franklyn Village filling The first residents are now living in the Franklyn Village accommodation complex near Nelson Hospital. Owner Liz Harris said the upstairs of Barton House was operational and “completely full” while other rooms were progressively coming onstream. So far there were about 50 people living in the complex which would cater for up to 200 when complete, she said. The complex was purchased in a mortgagee sale earlier this year for $1.5 million. Carpet business expands The owners of Nelson business Carpet Now have purchased a commercial building at 22 Tokomaru Place in the Wakatu Industrial Estate, expanding for the second time since forming less than three years ago. Bryan Parks and Greg Ham bought the building for an undisclosed price through Summit commercial agent Bevan Dixon. It had been available for lease for several months before being listed for sale in January. Mr Dixon said the price was based on a valuation commissioned by the purchasers which came in below the vendors’ expectation. Valuation objections lower Quotable Value received fewer objections to its latest Tasman district valuation than it did after the previous valuations in 2005, spokesman Brendon Bodger said. The company received 559 objections, with 242 of those relating to residential properties, 179 being rural lifestyle and 94 being rural. Mr Bodger said “no significant issues” were highlighted in objections. “As with all revaluations, some want values increased and others decreased. From here, valuers will review each of the valuations and contact objectors over the next few months.” Help with compliance Nelson men James Peterson and David Horncastle have launched a new business to help people through the building process from initial concept to code of compliance. Building, Quotation and Design has opened at 28 Waimea Rd in premises once occupied by a hairdressing salon. Mr Horncastle’s previous business, Apples for Apples quoting services, has been incorporated into the new business. Mr Peterson, an architectural designer with eight years experience, said they weren’t put off by the downturn. “There’s still plenty of work out there. It’s just a matter of getting people through the door.” (The Nelson Mail, Saturday 7 March 2009 THOUGHT FOR THE WEEK"Time is an illusion, lunchtime doubly so." |
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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. To contact us regarding circulation of this service: Phone +64 (03) 5489104, Fax +64 (03) 5468668, or email: admin@valuersnelson.co.nz |