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Duke & Cooke Property News |
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Published on: 15th September 2009 COLLEGE WHARE HINGES ON FUNDS COLLEGE WHARE HINGES ON FUNDSNelson College is applying for $245,000 in funding to help build the only dedicated secondary school Maori education space in the Nelson region. The project will see the construction of a purpose-built ‘‘whare’’, which will become a centre of learning for the college’s Maori students. The school has asked for $245,000 from the Canterbury Community Trust (CCT) to help fund the $483,000 project. Deputy principal Tim Tucker said the school had all the intangible elements around Maori education but now it was time to deal with ‘‘the bright shiny thing’’. The building would also help provide cultural and social services to the school community. Mr Tucker said the school had already secured $160,000 through the sale of school land and funding from old boys. Mr Tucker said the school was in negotiation with Whakatu Incorporation to obtain further financial support, but would still need to find another $30,000 to $40,000. (The Nelson Mail, Monday, September 7, 2009) HOUSE PRICES UPA shortage of homes for sale is boosting house prices but valuation agency Quotable Value says the trend is unlikely to be the beginning of another boom. Nelson and Tasman property values are still in decline, although the rate of decline is continuing to ease in both areas, now sitting at -1 per cent and -1.8 per cent respectively, according to QV’s latest figures. The average sale price in Nelson has increased from $359,535 to $364,747 during the last month but Tasman’s has dropped slightly from $377,526 to $367,569. (The Nelson Mail, Monday, September 7, 2009) NEW SPORTS STADIUM WILL BE A REAL ASSETAn open day at Saxton Field Stadium on Saturday attracted hundreds of people keen to see the future home of sports in the Nelson region. The stadium will become the new centre for basketballers, netballers, volleyballers and table-tennis players. It has cost $13 million, shared among the sporting codes, the Nelson City Council and the Tasman District Council. The Saxton Field Stadium Society had raised more than $2.5m towards the building, but now welcomed community support to finish it off. Nelson MP Nick Smith said the day was about raising the profile of the stadium, which needs about $200,000 to fit out the inside. The official opening of the stadium will be either on October 7 or 22, depending on when the guests of honour – likely to be the Governor-General Sir Anand Satyanand or Sports Minister Murray McCully – are available. (The Nelson Mail, Monday, September 7, 2009) NO SCHOOL FOR MARSDEN - FOR NOWA STATE-FUNDED school is unlikely to be a feature of a new suburb planned in Marsden Valley, but developers are keen to keep the option open. It was announced in late 2007 that Marsden Park Terrace would be big enough to become a new suburb with its own primary school and village centre. However, the Nelson City Council’s plan change subcommittee heard recently that the Ministry of Education was not interested in securing land for a school within the valley. The land was currently the subject of a large rezoning scheme, which had the potential to change the whole look and feeling of the valley as it moved from being a largely rural to residential area, city council divisional manager of planning and consents Richard Johnson said. In 2007, the council granted resource consent for Marsden Park, meaning a 128-lot subdivision could go ahead as the first stage of a proposed 500-lot subdivision. Marsden Park will offer sections ranging in size from 620 square metres to 3900sqm and has been hailed by developers as one of the first development in New Zealand where every house would be required to achieve a minimum Green Home Scheme rating of ‘‘ very good’’ and a minimum home energy rating of six stars. (The Nelson Mail, Tuesday, September 8, 2009) COUNCIL MAY SIFT FOUL SOILA MOUND of contaminated soil left on Mapua’s former Fruitgrowers Chemical Company site which has riled residents may be carted away by the Tasman District Council. The grassy mound which contains a core of soil with contaminants of up to 200 parts per million, has attracted negative comments from many Mapua residents who say the council needs to finish off the site cleanup properly by getting rid of the ‘‘unsightly legacy’’. Council engineers were currently looking at whether all or part of the soil could be taken off-site or redistributed across the entire Mapua site, but had yet to determine how much that might cost. (The Nelson Mail, Thursday, September 10, 2009) PORT DEVELOPMENT STUDYThe Tasman District Council expects a design and feasibility study for a $5 million development at Port Golden Bay to be completed by Christmas. It is investigating adding up to an extra 180 marina berths, reclaiming land, extending the western Tarakohe Harbour wall and installing water, power, data and sewerage facilities at the port. Council property manager Jim Frater said the council had employed engineering firm MWH to carry out an investigation on the proposal. The firm had used a marina consultant from Auckland and urban designers who worked on the Wellington Waterfront. Mr Frater said money had been set aside in the council's long-term council community plan for the project, as well as a further $1.2 million for a proposed new "clean" wharf suitable for unloading food.(The Nelson Mail, Friday, September 11, 2009) PROPERTY WATCHNew lease of life Franklyn Village has come a long way since the former nursing home opposite Nelson Hospital was purchased in a mortgagee sale earlier this year. More than 140 people now live there and its gym and coffee shop are nearing completion. The accommodation complex has about 180 rooms and manager John Hannah said there was a waiting list on some of the more popular ones. ‘‘We haven’t even done any major promotion or had a summer yet.’’ Some of its tenants include people receiving regular treatment at the hospital, fishermen using it as their base when they weren’t at sea and students, he said. The Nelson Marlborough District Health Board has also been using the top floor lecture rooms for training. The village employs about three full-time and three casual staff, including a full-time night watchman who started last month. 'A thing of beauty' The Kohatu Hotel has sold through Summit agent Bevan Dixon to a West Coast family that plans to develop it into a cafe with accommodation. Graeme Crook, an employee at the Reefton mine, and his teacher wife, Maureen, hope to begin renovating the historic hotel next year, after relocating to the area with their two school-aged children. ‘‘It will be a thing of beauty, I tell you.’’ Mr Crook said they had always lived on the West Coast, but often passed through the Kohatu area and liked it a lot. ‘‘We’re both cafe people – we know what we like to eat.’’ The vacant hotel on a 1.1-hectare property was listed earlier this year. It was advertised at one stage with a price of $385,000 before going to tender. Mr Dixon declined to comment on the sale price, but said more than one tender was received. (The Nelson Mail, Saturday, September 12, 2009) DID YOU KNOWUnder the Standard Auckland District Law Society lease form the tenant is also responsible for paying for non-structural exterior maintenance costs. THOUGHT FOR THE WEEKWhat happens if you get scared half to death twice? |
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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 |