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Duke & Cooke Property News |
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Published on: 2nd June 2009 NEW LAKE ANGELUS HUT PLANNED NEW LAKE ANGELUS HUT PLANNEDThe Nelson Lakes National Park's popular but overcrowded Lake Angelus hut will be replaced with a bigger hut this summer. With the old 26-bunk hut scheduled to be removed in December, trampers are warned that the new hut is not likely to be in place until March next year, weather permitting. Department of Conservation Nelson Lakes area manager Alison Rothschild said up to 5000 trampers stayed at the hut every year, most in summer. DOC would also start a booking system to stop overcrowding in the hut, which had little communal space. With all bunks full, the hut was "not a great experience", Ms Rothschild said, and trampers were often forced to camp outside. She said the new hut would have two bunk rooms totalling 32 bunks, a bigger communal area, a deck and a small two-bunk hut for the DOC hut warden. (The Nelson Mail, Thursday 28 May 2009) COUNCIL MISLED US - PROPERTY OWNERSRichmond south property owners say they have been "seriously misled" by the Tasman District Council, after it backtracked on the water infrastructure needed in the area, because growth was less than it had first thought. They say the council's planning process has been brought into "serious disrepute" after finding out that a planned water reservoir and reticulation system for the area has been potentially deferred for 20 years. One submission to the council's draft 10-year plan questions the council's U-turn on its original decision. The council says the work has been deferred after a reassessment of growth. "It has been deferred to match the growth requirements of the town as we see them at the moment. All of these growth supply and demand models are forecasts," said council engineering manager Peter Thomson. (The Nelson Mail, Saturday 30 May 2009) MCKEE DOMAIN BUND LIKELY TO GAIN APPROVALPlans to stop Ruby Bay's McKee Domain being claimed by the sea are gaining momentum. The Tasman District Council has agreed to look into the cost of moulding a clay bund, or mini stopbank, to act as a strengthened buffer against high tides and reduce the risk of flooding in the popular reserve. Council reserves office Stephen Richards has proposed the bund be built out of 1000 cubic metres of clay. Around 300 metres of clay might be sourced from Ruby Bay bypass earthworks and a further 700 cubic metres will need to be found to build the bund on the foreshore edge of the domain. (The Nelson Mail, Saturday 30 May 2009) HOUSING FOR ELDERLY GETS NODA $2.2 million affordable housing project for older people in Nelson is to go ahead following the announcement yesterday of a major Housing New Zealand grant. Abbeyfield New Zealand general secretary Chris Armstrong, of Nelson, said $705,000 from the Government's Housing Innovation Fund would go towards building the organisation's largest family-style housing complex in the country. The 723-square-metre complex in Mata Close, Tahunanui, will house residents in 11 units and an on-site manager and caretaker will live in self-contained quarters. Abbeyfield is a not-for-profit organisation which promotes and establishes local community-based and volunteer-led Abbeyfield societies. These societies create and manage local Abbeyfield houses. (The Nelson Mail, Saturday 30 May 2009) PROPERTY WATCHBay properties sold An 8.1ha Patons Rock headland property, described as one of Golden Bay's finest pieces of land, has sold after more than two years on the market. First National Golden Bay principal Nick Hodgkinson said the property had been in the Marshall family for at least 50 years. It was marketed for about $3 million and sold through First National agent Mike Turnball. Mr Hodgkinson wouldn't reveal the sale price but confirmed it was over $2.5 million. Its rateable value is $1.4m. The buyer was a Kiwi who has purchased it as a "lifestyle property", he said. Mr Turnball also sold a Pohara Beach home last week that was being marketed for about $1 million and fetched "close to that figure", Mr Hodgkinson said. "April and May have proved to be good months," But negotiations were often "long, drawn out affairs", he said "They don't happen quickly like they do in a fast market." Upsurge in sales Bayleys agents Daniel Reed and Rebecca Kristoffersen have also noted a large surge in sales. During the last three weeks they have sold nine properties and most of those have been in the upper price brackets. Mr Reed said he didn't know what prompted the sudden wave. "It's one of the best months we've had." Three of the properties - 1 Joseph Senior Way, 25 Crusader Drive and 89 Stafford Drive at Mapua and Ruby Bay - were part of an estate sale and attracted more than 10 tenders in total. Another property at 339 Redwood Valley Rd has a RV of $1.275 million and was listed at offers over $995,000 after being on the market with another agency for many months. Mr Reed declined to comment on what it sold for. He said the biggest challenge was finding more properties to sell. "We're just hungry for new listings." Trendez to expand The Trendez clothing and body piercing store is moving from its Bridge St premises to a larger Trafalgar St store currently occupied by Checkers Records. Owner Mike Turner said the new site provided more room to expand the cosmetic side of the business. He hopes to start operating there in July. Meanwhile, Checkers Records owner Suzanne Robertson has been advertising a closing down sale but said she had decided to continue trading from a neighbouring store. The sale continued this week to clear stock before the move. The Content store in Richmond has also advertised a closing down sale, while the Road Abode campervan outlet in Stoke has also recently closed down. New bead outlet Nelson's Bead Gallery is opening its fifth store - the first one outside the Nelson-Marlborough region in Willis St, Wellington. Hardy St store manager Katie Bennett said Bead Gallery owner Laurie Johnson had been looking to expand to Wellington for a couple of years. "It was a matter of finding the right premises. With the recession, rents have dropped quite a bit and we thought we better get in now." The Wellington shop will sell only readymade jewellery. Some of the gallery's Nelson employees will shift to Wellington to staff the new store which is being fitted out now and was expected to open in about a month. (The Nelson Mail, Saturday 30 May 2009) DID YOU KNOW?We recommend always having a passing rental level checked for an investment property before buying. A high rental can result in a premium price and limited future rental growth. |
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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 |