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Duke & Cooke Property News |
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Published on: 25th May 2009 RAINBOW UPGRADE NEEDS COUNCIL LOANS RAINBOW UPGRADE NEEDS COUNCIL LOANSRainbow Skifield hopes to spend $2.9 million on infrastructure works over the next five years. The most urgent work includes a new workshop, a sewerage system upgrade which will cost more than $20,000, the redevelopment of the base-area buildings, lift upgrades and road maintenance. Yesterday, Rainbow Mountain Sports Club, which runs the Nelson Lakes skifield, asked the Tasman District Council during the council's draft 10-year plan submission hearing for a suspensory loan of $90,000 to help with some of the infrastructure work. The group has also asked the Nelson City Council for the same amount, and the Marlborough District Council has granted the equivalent sum on condition the other two councils provide the funding. The loans would be written off over seven years. (The Nelson Mail, Wednesday 20 May 2009) FUNDING TO FURTHER DAM PROJECTFunding has been secured to work out who will own and run the proposed Lee Dam project to supply water to the Waimea Basin. The Waimea Water Augmentation Committee will receive $115,000 from the Ministry of Agriculture and Forestry's community irrigation fund. The committee must come up with the same amount, which will come from levies on water users. The funding is to develop governance and dam ownership models, including a prospectus on how it could work. The information will be available for consultation next year. The feasibility study on the dam site, design and cost is to be completed by the end of this year. (The Nelson Mail, Wednesday 20 May 2009) CHURCH BID OPPOSEDThe Seventh Day Adventist Church wants to shift from its site in Collingwood St, Nelson, to the building in Stoke left vacant by the closure of the Independent Middle School earlier this year. However, the plans have been met by stiff opposition from Towai St residents and others in and around Stoke, who are concerned about increased traffic and the cumulative effects arising from two churches close together in a cul-de-sac. The Seventh Day Adventist Church is waiting for the outcome of a resource consent hearing by the panel this week, at which a recommendation was made to decline the application. The church's building committee chairman, Tom Harvey, confirmed it was seeking to move and would sell its church in Collingwood St if the consent process was successful. (The Nelson Mail, Wednesday 20 May 2009) STORE PLANNED AFTER BLASTWork is under way to build a new takeaway store on Nelson's Milton St after the old store was destroyed in a dramatic gas explosion last month. Andrew Wise, who is handling the project for the insurance company on behalf of the building owner who is overseas, said it was hoped the store would be rebuilt in two months. Mr Wise said most of the remaining building had been pulled down because it was old and would no longer meet building standards. (The Nelson Mail, Wednesday 20 May 2009) COURTHOUSE EXPANSION GETS UNDER WAYFencing off the construction zone of the Nelson courthouse redevelopment is the first visible sign of the $10.3 million project in Bridge St. The next stage will be a bigger job involving demolition of the north facade of the existing courthouse so it can be extended to twice its size. A temporary main entrance will need to be built on the eastern side, and a temporary jury room will be built on the west lawn. The long-awaited redevelopment will provide an additional jury courtroom, a multipurpose courtroom with video conferencing, an enlarged family courtroom, two new hearing rooms, improved foyer and reception areas, increased facilities for staff, additional judicial chambers and increased security facilities. Construction will be carried out in stages to allow the court to continue operating and some court hearings will be held off-site to minimise disruption. The work, being done by Mainzeal, is expected to be completed in August next year. (The Nelson Mail, Thursday 21 May 2009) ICONIC ROSE GARDEN UNDER THREATMotueka showpiece faces rent hike Tasman Bay Roses faces having to close its showcase garden in Motueka because its rent is nearly tripling. The business sits on Wakatu leasehold land that is covered by four separate leases, and co-owner George Pratt said that based on the latest rent review for one of the blocks, he would not sign a new 21-year lease on the garden when the present lease expires at the end of May 2010. In order to keep the showcase gardens, the Pratts have offered to give back 21ha in return for the ability to freehold a 2ha block. Wakatu Incorporation has rejected the offer and over the years has told the Pratts that their land is not on the list to be freeholded. (The Nelson Mail, Thursday 21 May 2009) HARD WORK FRUITFUL IN THEATRE ROYAL REVAMPThe Theatre Royal's backstage area is almost complete with its final 18-tonne wall in place, but there is still a lot of work to be done to turn this house into a home. Construction began on the $4.4 million Nelson project last August and project manager Andy Ferguson said the roof would go on by June. The backstage area now comprises three storeys, an orchestra pit, a band room and changing rooms. It also has a rehearsal space so one show can be playing while another is practising. He said the next step was altering and refurbishing the theatre space. "The best analogy is that now we have the house built, but now we need all the fittings and bits to make it into a home. (The Nelson Mail, Friday 22 May 2009) PLAN RAISES GAPS IN INFORMATIONThe actions of a group of Brook St residents upset at plans for an environmental education and training centre in their neighbourhood has revealed gaps in how people find information when buying land next to council reserves, the Nelson City Council has conceded. The Brook Waimarama Sanctuary has been given approval by the council to use the 2693sq m block of rough pasture on the eastern side of Brook St, and to re-locate classroom blocks and a workshop to the site. Council records show the concept was raised in October 2006 at a public meeting of its community services committee, which gave its support in principle to the idea. A detailed report was then presented to the council in June 2007, provided by the sanctuary trust and its partners, the Nelson Marlborough Institute of Technology and the Department of Conservation. (The Nelson Mail, Friday 22 May 2009) PROPERTY WATCHHouse on top site sold A dilapidated 1930s home on a high-profile site beside the Annesbrook roundabout sold after attracting 12 tenders during a three-week marketing campaign by Professionals Nelson principal Aaron McRae. The two-bedroom home sits on a 711sq m section and has a rateable value of $135,000. "It certainly sold well above that," Mr McRae said, adding that the previous property owner had died. Those who submitted tenders were keen to do the place up, either to live in or as a rental. Meanwhile, First National had similar success with the tender it ran for a three-bedroom bungalow home on 1.195ha property at 6 Hill St, Richmond. Principal Colin Wilson said 13 tender documents went out and "quite a number of them came back in". It sold "far in excess of its $525,000 rateable value", he said. Motel sold in Norway bid Takaka's Rose Cottage Motels at 17 Hamama Rd sold for $850,000 to a person bidding via the phone from Norway at a Harcourts auction last week. Auction manager Mike Rollo said about 50 people attended the auction of eight properties. The three-unit motel is set on a 8251sq m property, along with a three-bedroom country home. Its RV is $540,000. Meanwhile, a Harcourts auction in Nelson last week saw two Richmond properties sell under the hammer, both above RV. One at 8 Hill St, Richmond, went for $545,000 and the other at 66 Chelsea Ave sold for $507,000. Another property sold before auction and two sold to the highest bidder immediately after the auction, leaving just one property unsold. It's a four-bedroom place at 581 Rocks Rd that got passed in at auction for $800,000 and is now priced at $1.3m. (The Nelson Mail, Saturday 23 May 2009) DID YOU KNOW?A lease right of renewal provision is only of benefit to the tenant and is of no advantage to the landlord. |
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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 |