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Duke & Cooke Property News |
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Published on: 23rd March 2009 MURCHISON CENTRE RECEIVES AWARD MURCHISON CENTRE RECEIVES AWARDThe Murchison community has received a pat on the back for the town’s new $3.2 million sport, recreation and cultural centre. The centre, which opened its doors in September last year, was given a special award at the TrustPower National Community Awards in Palmerston North on Saturday night. The awards recognise voluntary groups and organisations. The ceremony was attended by the supreme winners from each of the regional community awards held during 2008. The Wairoa Community Development Trust, which runs an eight-week programme for young people, was named supreme winner, while the Kukupa Dove Charitable Trust of Tauranga was runner-up. The Murchison Sport, Recreation and Cultural Centre Committee raised more than $800,000 for the centre, which was also funded by the Tasman District Council and community trusts. (The Nelson Mail, Monday 16 March 2009) RETIREMENT PLANS GO ON HOLDThe recession is hitting some elderly people wanting to move into retirement homes, with some complexes offering incentives in a bid to attract new residents. Oceania Group chief executive Geoff Hipkins said the triple effect of houses taking longer to sell, loss of savings through finance companies collapsing and plummeting interest rates on bank deposits had put pressure on the elderly. The economic climate had seen Oceania recently shelve its plans to develop its 63 resthomes, which included Green Gables in Nelson, he said. It now had vacancies in several of the facilities it owned in Nelson including Green Gables, Otumarama and Omaio Village. Ultimate Care owns Stoke’s Kensington Court, and the group was also looking at renting villas or apartments to people until they were able to sell their houses, Mr Spraggon said. (The Nelson Mail, Tuesday 17 March 2009) BAY CAMPGROUND ERODINGRuby Bay’s McKee Memorial Reserve is shrinking. Over the last two years, 4 metres of the coast has been eroded by high tides, a worrying trend for the future of the reserve, which has 20,000 stay nights each year, says caretaker Ken Todd. Mr Todd, who has looked after the reserve for 13 years, said “big, gentle tides” had eroded a 400m strip of the council-owned reserve, and “a bit of haste” was needed to address the situation. Yesterday, he met a subcommittee of Tasman district councillors, the council’s community services manager Lloyd Kennedy, council coastal resource scientist Eric Verstappen and McKee Domain board members to discuss the state of the disappearing coastline. (The Nelson Mail, Tuesday 17 March 2009) FUNDING DELAY BOTHERS WAIMEAWaimea College is frustrated at delays in getting approval for a $10 million development planned to cater for a huge increase in student numbers over the next decade. The development, which will be funded by the Ministry of Education, allows for a total of 18 new teaching spaces, including two science laboratories, a materials technology workshop, a visual arts room, a horticulture room, three computer rooms, and extensions to the gymnasium and library. Waimea College principal Larry Ching said the cost estimate also took into account the infrastructure needed to support the development. It is designed to meet an expected growth in student numbers. The college has 1480 students, but over the next five to nine years this would increase to 2000, said Mr Ching. (The Nelson Mail, Wednesday 18 March 2009) BUILDING FOR A SONGThe Nelson City Council has picked up a prime piece of riverside real estate with the purchase of the Age Concern building in Trafalgar St. Council chief executive Keith Marshall said it paid $10,000 for the building, which included legal fees. The council already owns the land. Mr Marshall said discussion over the property had been going on for a while, but six weeks ago, Age Concern approached the council with a firm offer. The council will take over the building on April 14, and Age Concern will offer its services from its Richmond Premises. (The Nelson Mail, Wednesday 18 March 2009) CONSENT SOUGHT FOR ECO-VILLAGEConstruction could begin within weeks on an innovative eco-village planned for the Motueka Valley, if it is granted resource consent. The developers of Atamai Village have been told by the Tasman District Council to expect a decision by March 27 on the first stage of the project, which covers 21.2 hectares in Mytton Heights, 7km from Motueka. The first phase is to contain 10 residential sections with dwellings that will have solar panels, roof rainwater collection and composting toilets. The sections will take up just under 10ha, with the remaining 11.9ha to be used as part of a “collective food commons”. The Atamai Village Council owns about 30ha in Mytton Heights, with another contiguous 69ha owned by entities related to the council. It intends to keep about 80ha entirely rural. (The Nelson Mail, Thursday 19 March 2009) PROPERTY NEWSInterest in Marsden sections Four sections in a 12-lot subdivision at the start of Marsden Valley in Stoke were signed up within two weeks, project manager Kathryn Randle says. Although the Solitaire Investments subdivision has been planned for some time, Ms Randle said the company started seeking tenders for the development only a few weeks ago, and followed up buyer inquiries at that time. “There’s genuine, quite significant interest in these lots, and we haven’t even started on the site yet. It’s actually pleasantly surprising me. What’s working is there’s quite a range of sizes on offer and it’s semi-rural.” The sections range from 670sq m to 3830sq m, with prices from $175,000 to $200,000. Two of the sale agreements were for cash and the other two were conditional, Ms Randle said. It was hoped that the development would be completed by spring. New early childhood centre A new purpose-built early childhood education centre catering for up to 76 children is being developed on the site of a former joinery factory that was destroyed by fire at 150 Tahunanui Drive, Nelson. Part-owner Craig Fladgate said he and his twin brother were building the centre, which their wives would operate. The two families shifted to Nelson from the Bay of Plenty, where they had started a similar venture that they still owned, he said. The Little Footprints Early Learning Centre will cater for children in three age brackets – newborns to 18 months, 18 months to three years, and three to five years – and is scheduled to open about mid-June. Properties on the block Four of eight properties that Harcourts had up for auction last week have sold, although only two went under the hammer. A four-bedroom, two-bathroom bungalow at 19 Tipahi St, Nelson attracted the most attention, with five bidders who pushed the price up to $455,000. Its rateable value is $375,000. The other property to sell under the hammer was a three-bedroo`m home at 10a Piko St, Nelson South. It has an RV of $150,000 and sold for $250,000, with three bidders. Auction manager Mike Rollo said two properties in Washington Rd sold before and after the auction respectively. Prices fail to match values Three properties in a subdivision at Ngawhatu Valley in Stoke sold last month, with two of them fetching less than their RVs. Quotable Value records show that a brand new 230sq m home with four double bedrooms and a study at 11 Montebello Ave sold for $525,000. Its RV is $540,000. A vacant section at 27 Montebello Ave with an RV of $235,000 went for $215,000, while a home at 18 Bridgewater Lane – which is too new to have an applicable RV – fetched $485,000. (The Nelson Mail, Saturday 21 March 2009) DID YOU KNOWOur independent valuations can be used for pre-purchase or pre-sale market valuations. |
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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 |