Duke & Cooke

Duke & Cooke Property News
Property News from the Nelson Tasman Region

Published on: 14th December 2009

SUBMITTERS SEEK MROE RESIDENTIAL LAND
HOUSE PRICES HEADING UP
IWI OFFER ONE OF FOUR FOR CLUB BUILDING
TRAFALGAR CENTRE COSTS NOW $700,000
SITE READY FOR NEW HUT
MOTORCYCLE PARK PLAN CRASHES
COUNCIL TO SEEK NEW SITE FOR ARTS CENTRE
CENTRE MAY STILL GO AHEAD
LODGE IN '101 BEST HOTELS'
BUILDING SET TO BEGIN
INTEREST HIGH IN RUBY BAY
INDUSTRIAL PLOT THICKENS
BUILDING SELLS IN 24 HOURS
DID YOU KNOW?
THOUGHT FOR THE WEEK

SUBMITTERS SEEK MROE RESIDENTIAL LAND

The Tasman District Council has no good reason to exclude a large portion of residential-zoned land from its growth plan of Richmond West, says a group of landowners. The Richmond West Group is among eight groups and individuals appealing a recent council decision that prioritised the growth of mixed business and light industry in Richmond West over the next 50 years. ‘‘Contrary to the council’s decision, more land must be made available for residential purposes so as to ensure colocation of residential growth alongside business and industrial growth,’’ says the group’s submission to the Environment Court. In September, the council released its biggest ever plan change, rezoning 290 hectares of rural one land. Under the changes, the residential zone has been cut from 122ha to 60ha, while the amount of land for mixed business has been increased from 82ha to 121ha. Light industrial zoning takes up about 100ha. The zone changes have been deferred until major infrastructure work in the area is completed.

(The Nelson Mail, Monday 7 December 2009)
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HOUSE PRICES HEADING UP

Shortage of spring listings

Nelson regional house prices are continuing their recovery with a shortage of listings in a quiet spring market. However, an expected increase in listings is likely to slow down recent gains, according to the valuation agency Quotable Value. Nelson and Tasman property values both increased 1.1 per cent on a year ago, with an average sale price of $356,827 and $375,242 respectively. The national average sale price was $393,373.

(The Nelson Mail, Monday 7 December 2009)
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IWI OFFER ONE OF FOUR FOR CLUB BUILDING

Four parties, including a top of the south iwi, have made offers on the building that houses the Maitai Club, near the Nelson Marina. A special general meeting scheduled for last night to update Maitai Club members on progress on the sale of the building was postponed until December 21, but club president Peter Fisher said today four offers had been received. He believed all were from local buyers.

(The Nelson Mail, Tuesday 8 December 2009)
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TRAFALGAR CENTRE COSTS NOW $700,000

Improvements to the western side of the Trafalgar Centre, for which $470,000 was set aside in this year’s city council budget, are now more likely to cost closer to $ 700,000, councillors have been told. However, savings made on the recent south extension upgrade will be used to offset the next stage of construction, which has recently gone out to tender. Council chief executive Keith Marshall said in his report to the council that the south extension works had finished, and although the final accounts had not been received, a $400,000 surplus was expected.

(The Nelson Mail, Tuesday 8 December 2009)
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SITE READY FOR NEW HUT

A new, improved Angelus Hut in Nelson Lakes National Park could be open by late April after the old hut was dismantled last week. The old hut, which was built in the 1960s, was taken apart by Department of Conservation staff and Royal New Zealand Air Force and Army units as part of a training exercise. Department of Conservation Nelson Lakes visitor and historic assets programme manager Greg Carter said a new hut would now be built on the site, which he hoped would be open by the end of April. The new hut is expected to cost more than $750,000 to build, funded from the department’s national capital fund, Mr Carter said. It will have 28 bunks, just two more than the old hut, but the larger living area will give it a capacity of up to 38. The hut would also be warmer, with double-glazed windows and better insulation, he said.

(The Nelson Mail, Wednesday 9 December 2009)
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MOTORCYCLE PARK PLAN CRASHES

A British immigrant who spent $1 million building an off-road motorcycle park near Murchison has sold the property and is returning to England – disillusioned, with his dreams in tatters and his company in liquidation. Richard Collins bought a 404-hectare farm in the Tutaki Valley to build the park, which was to have two race tracks and a series of off-road trails.

(The Nelson Mail, Thursday 10 December 2009)
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COUNCIL TO SEEK NEW SITE FOR ARTS CENTRE

The Nelson City Council has wiped the slate clean on plans for a performing arts centre and on Monday will start formulating ‘‘plan B’’. It will now seek an alternative site for a venue it believes it has the mandate to pursue. The council, which has spent between $300,000 and $350,000 on the process so far, had planned to pay just over $4 million for the site for which a $ 28 million building was planned. The hotel company planned to build a conference centre next to it.

Timeline

January 1996: The Majestic Theatre burns down, depriving Nelson of its only large-scale theatre.

May 1998: The Nelson Millennium Centre Trust is established and granted $15,000 by the two councils to pay for a feasibility study for a theatre project.

October 2003: A new consultants’ report is released, assessing 20 sites for a centre.

April 2004: The Paul Matheson-led city council adopts Rutherford Park, alongside the Trafalgar Centre, as its preferred location. Three years later he announces a site next to the Rutherford Hotel.

July 2008: The Kerry Marshall-led council announces plans to buy the site next to the Rutherford Hotel for the centre.

November/December 2009: The council seeks public views on the project, drops the proposal, and plans to start again.

(The Nelson Mail, Friday 11 December 2009)
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CENTRE MAY STILL GO AHEAD

A new conference centre in Nelson is still on the cards, despite the city council this week pulling out of a private-public partnership deal to build a performing arts and conference centre. Rutherford Hotel Holdings spokesman Andrew Talley, who had been in negotiations with the council on the deal, has hinted that the company might still go ahead and extend its conference capabilities. He suggested that such a development would not be on the scale proposed to coincide with the now defunct plans for an adjoining performing arts centre.

(The Nelson Mail, Saturday 12 December 2009)
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LODGE IN '101 BEST HOTELS'

British society magazine Tatler has named Orinoco Valley’s Edenhouse in its 2010 travel guide as one of the ‘‘101 best hotels in the world’’. Tatler has 200,000 readers and the travel guide, which will appear in its January issue, describes Orinoco Valley as ‘‘ outrageously green and gorgeous’’ and ‘‘so deliciously pretty you’ll want to take a big bite out of it’’, while Edenhouse is described as ‘‘an instant word of mouth winner’’. Nelson Tasman Tourism chief executive Paul Davis praised Edenhouse’s attention to detail and the high quality of the experience it provided to guests. ‘‘This result is very impressive and helps cement in place Edenhouse’s reputation as one of New Zealand’s leading small hotels,’’ he said.

(The Nelson Mail, Saturday 12 December 2009)
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BUILDING SET TO BEGIN

Construction of the $18 million Brown Acre Villa lifestyle village in Motueka is due to begin next month. Plans for the 69-villa development in Parker St were unveiled last year but developer John Welch said it had taken until now for consents to be finalised. Paraparaumu-based R J Ker Contractors have been contracted to construct the village, having completed nine others around the North Island. Robbie Ker said it would generate a lot of work for sub-contractors. ‘‘We will only have a small team of supervisory staff and will be looking to employ local tradespeople to undertake construction.’’ Villas are being offered for sale freehold, priced from $210,000, to people aged over 50. Eleven had sold so far.

(The Nelson Mail, Saturday 12 December 2009)
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INTEREST HIGH IN RUBY BAY

Three Ruby Bay properties being marketed as mortgagee tender sales have attracted national and international buyer interest, Summit agent Gordon Webb said. One of the properties is an architecturally designed, 300-square metre, cliff-top home at 22 Admirals Way with a library, internal courtyard, observation tower and cellar. It sits on a twohectare block and comes with a shareholding in about 7ha of vineyard. Quotable Value records show the property was purchased in 1997 for $1.1m. The latest rateable value on the property and home is $2.25m. The two other mortgagee tender sales are both blocks of land. The first is 8.67ha at 112 Pinehill Rd which is planted in grapes and the other is 8.76ha at 115 Marriages Rd which has two one-bedroom units on it. They have RVs of $750,000 and $690,000, respectively. Mr Webb confirmed the properties were linked to the same owner. Tenders close on December 21.

(The Nelson Mail, Saturday 12 December 2009)
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INDUSTRIAL PLOT THICKENS

An industrial subdivision surrounding the high-profile Contour Roofing building by Nelson Airport is starting to take shape. Nelson Fire Protection and Dave Milne Farm Services share the new premises now completed beside Contour Roofing. The new building was developed and remains partly owned by Contour Roofing managing director Dave Freeman who is also part of a syndicate that owns the surrounding land. He said they were keen to do more design and build projects on the 80,000sqm block and would like to talk to other businesses interested in establishing there. The subdivision mostly caters for larger tenancies, he said.

(The Nelson Mail, Saturday 12 December 2009)
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BUILDING SELLS IN 24 HOURS

The building housing the Wattyl paint store at 675a Main Rd, Stoke, was sold by Summit commercial agents Bevan Dixon and Ron Amberger within 24 hours. The property had been listed for several months with another agency. Mr Dixon said they were given the listing for just one day and managed to get it signed up in that time. ‘‘It’s just matching clients and customers.’’ Quotable Value records show it sold for $725,000. The RV is $710,000.

(The Nelson Mail, Saturday 12 December 2009)
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DID YOU KNOW?

Duke & Cooke independent valuations can be used for estates.

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THOUGHT FOR THE WEEK

Okay, so what's the speed of dark?

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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