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Duke & Cooke Property News |
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Published on: 20th July 2009 UPGRADING OF FACILITIES PREFERRED UPGRADING OF FACILITIES PREFERREDExisting community halls in Golden Bay should be upgraded, in preference to building a new, multi-purpose, cultural and recreational complex, a study has found. However, the report says current venues do not adequately meet all needs and gaps identified include the lack of a covered swimming pool, a youth centre and a purpose-built performance venue. The need for a new museum, a new i-site information centre and display area for local art was also highlighted. The Takaka township would be the best choice of location for upgraded facilities, the study concludes, suggesting that a new community group or committee be formed to take ideas further. (The Nelson Mail, Tuesday 14 July 2009) KINDY TO MOVE TO CLUBROOMSRichmond's Waverly St Kindergarten hopes to open for the next school term in a temporary base at the Waimea Old Boys clubrooms on Gladstone Rd. The kindergarten, which has a roll of 80, has been forced to relocate after a suspicious fire extensively damaged it on July 1. Nelson District Kindergarten Association chief executive Wendy Logan said the clubrooms were within walking distance from the kindergarten. (The Nelson Mail, Wednesday 15 July 2009) HOME SUPPLIERS ARE ALL RIGHT HEREJudith Holmes wanted to make a point with the new house she's had built in Mapua. When she returned from overseas, she was struck by how few homes had solar water heating, so she wanted to built a house that was as eco-friendly as possible. Then she drew a circle around Mapua and decided she would use as many local tradesmen and suppliers as she could. (The Nelson Mail, Wednesday 15 July 2009) ESTUARY PLAN ON THE AGENDATasman district councillors were today to discuss whether to kick-start work on a Waimea Estuary management plan. The plan is a priority project in the council's recently finished 10-year plan. A report due to be tabled at today's environment and planning committee meeting recommends investigation work for the plan be carried out in the next 12 months. Calls for such a plan have been strong in recent years, with a number of submitters raising fears for the future of the waterway. (The Nelson Mail, Thursday 16 July 2009) FLOOR GOES IN AT THEATRE ROYALBefore you can have a new theatre, you need a new floor. So at Nelson's Theatre Royal, the old one has been dug up and reinforced in preparation for the 240 seats that will soon be part of the auditorium. Project manager Andy Ferguson said the old brick piles had been left in place as supplementary supports. He said the process of taking items out of the theatre, which has been undergoing a $4.4 million redevelopment, had ended and now it was about putting things back in. The original 130-year-old matai floorboards are being kept in storage while new laminated wood donated by Nelson Pine Industries, which will take the bulk of the pressure, is laid. The floorboards will then be fitted over the top. (The Nelson Mail, Thursday 16 July 2009) HOLD YOUR HORSES, ECONOMIST ADVISESIf you have not bought your first house yet there is no rush, according to economist Gareth Morgan, as there is plenty of "blood on the walls" to come. He told a 600-strong audience at the Trafalgar Centre in Nelson that the property landscape had changed considerably in the past 12 months. He said houses had been 30 per cent overvalued in recent years and were now struggling to get back to sustainable levels. New Zealanders looking to buy their first house should keep their powder dry. (The Nelson Mail, Friday 17 July 2009) CRT STORE HEARING DUECombined Rural Traders' application for a new store development at Hope will go to a public hearing next week. CRT wants to move from McGlashen Ave in Richmond to Main Road Hope next to the Network Tasman site and build a 1533-square-metre rural services retail store, a chemical store, a bulk store, office and real estate office. The site has rural zoning and four neighbours, and the NZ Transport Agency has objected that it will increase traffic problems. A Tasman District Council report recommends resource consent to be granted subject to conditions including no-stopping restrictions on the highway. (The Nelson Mail, Saturday 18 July 2009) PROPERTY WATCHMotel approved A new 15-unit, multimillion-dollar motel is to be built directly opposite the Trafalgar Park entrance in time for the Rugby World Cup 2011. Coffey's Tourism Property Brokers Nelson representative Anne Marshall said all the necessary consents had been obtained to built on the site of two homes next to the Italian Hall. The motel is being developed by Brent Ennor, of Christchurch, who has built six others in the region, including the yet-to-be completed Century Park Motor Lodge in Rutherford St. Mrs Marshall has just started marketing the lease and expects to have no problem finding a buyer. It's a "stunning design" and an "exciting opportunity", being the first motel that people hit when they arrive in Nelson from the ferry, she said. Construction is expected to begin in October and be completed by next November. Auction success A "solid' 1960's, four-bedroom, family home with a large garage and sleepout at 26 Croucher St, Richmond, attracted strong interest and sold under the hammer at auction last Sunday for $360,000. The 1072 square metre property with a rateable value of $330,000 had not been on the market in 20 years and was sold through Ray White agent Marion Cross after a three-week marketing campaign. She said more than 40 groups viewed the property but developers and rental investors were outbid by someone after a family home. Mrs Cross said auctions were useful in the current market where buyers were nervous about how much they should pay for a property. "It gives a little bit more security that what they're offering isn't unreasonable or silly." Sales trends A three-bedroom home at 13 Stafford Walk in Britannia Heights, Nelson, has sold for $180,000 less than its 2006 rating valuation. Real Estate Institute statistics reveal the property was listed for sale in August last year for $535,000 and sold last month for $520,000. Its rating valuation is $700,000. Meanwhile, a five-bedroom home at 4 Goodall Pl, Kaiteriteri, that has a 2008 rating valuation of $950,000, sold for $684,000 in May. It was listed that month with an asking price of $750,000. But not all sales are trending in that direction. A four-bedroom home at 16 Zeehaen Pl, Nelson, with rating valuation of $660,000, fetched $925,000 last month. (The Nelson Mail, Saturday 18 July 2009) DID YOU KNOW?Duke & Cooke independent valuations can be used for depreciation schedules. THOUGHT FOR THE WEEKA synonym is a word you use in place of one you can't spell. |
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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 |