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Duke & Cooke Property News |
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Published on: 8th February 2010 EXTENSION PLANNED EXTENSION PLANNEDA port hills walkway, named after an historic immigrant ship to Nelson, is to be extended from Queens Rd to Victoria Heights. Will Watch Way, named after one of the three survey ships to arrive in Nelson in 1841, will be extended from its base in Russell St once the budget is approved, city councillors were told on Thursday. Works to extend the walkway further were budgeted for the 2010-11 financial year, council business assets adviser Ian Morrison said. However, expenditure was yet to be approved, and council was under pressure to keep rates down. The council has achieved its aim to obtain title and right of way to allow for the extension to go ahead. (The Nelson Mail, 1 February 2010) APARTMENT PLAN NOW SCALED DOWNTwenty apartments will be built on the site of the former Pakawau beach campground, if a new resource consent application by developer Landon Carter is successful. Mr Carter hopes it will be a case of third time lucky, after his first two applications to develop the site were unsuccessful. In October 2007 he withdrew plans to build a holiday resort with 48 apartments, a gym and cafe on the 1.6 hectare beachfront property after widespread opposition. He then applied for resource consent in August 2008 to build 30 units on the site, but pulled out a week before the resource consent hearing was due to take place as a result of continued opposition. This time, having further scaled down the proposed development, he hopes people will make submissions to the Tasman District Council in support of the plans, drawn up by Nelson-based firm Arthouse Architecture. The 70-page application, titled Pakawau Village, details plans for the condominium-style apartments, which Mr Carter envisages could go on the market for ‘‘ somewhere between $400,000 and $500,000 each’’. (The Nelson Mail, Thursday 4 February 2010) LATE LOAN REPRIEVES REST HOMECollingwood's Joan Whiting Rest Home has been saved from closure by a last-minute interestfree loan from a charitable trust. The Nelson Marlborough Hospitals’ Charitable Trust, which is not part of the district health board, has agreed to lend the home $ 130,000, which will keep it running for another year, said Joan Whiting board of trustees chairman Chris Mitson. Mr Mitson said the offer from the trust came in an email he received two minutes after the end of a board meeting late last week, at which members reluctantly agreed to close the home next month. The loan was confirmed in a letter received on Wednesday. (The Nelson Mail, Friday 5 February 2010) GLEN PROJECT FUNDING CALL STILL A FEW WEEKS AWAYWaktatu Incorporation continues to await news of whether its application for nearly $10.5 million for a planned aquaculture development at the Glen has been accepted. Last year it applied to the Ministry of Economic Development for $10.45m from its enterprising partnerships fund for the Horoirangi Centre of Seafood and Aquaculture. A feasibility study and business plan have been completed, and the next stage of the project involves establishing a shared research facility and offshore pipeline to provide seawater for the commercial development of aquaculture ponds, hatcheries and incubator facilities at the Glen. The application was with Minister of Economic Development Jerry Brownlee and it had to go through Cabinet for final approval. A spokesperson for Mr Brownlee said a decision would probably be made by the end of March. (The Nelson Mail, Friday 5 February 2010) SYDNEY PAIR WIN COLLEGE AUCTIONThere was no sign of a housing downturn as people spilled out the doors of Nelson’s Haven Realty offices yesterday to attend the auction of a Nelson College property. Auctioneer Jeff Rackley said he had never seen so much interest in a property during his 22 years in real estate. More than 80 groups attended some of the open homes of the 1940s bungalow in 2 Allen St during the marketing campaign, he said. The house is in need of work but sits on an elevated 1600sqm section with sea views and the possibility of subdivision. Bidding opened at $250,000. Towards the end of the auction, two parties battled it out before the property sold under the hammer for $448,000. (The Nelson Mail, Saturday 6 February 2010) PROPERTY WATCHNew shoe store for Richmond The Number One Shoe Warehouse is preparing to open in Richmond, taking over the premises previously occupied by Kitt Shoes and Rod Clark Jewellers in Queen St. South Island area manager Kristine Budland said the retail chain had ‘‘done its homework’’ and decided Richmond was a good place to open. The new store was expected to start operating on March 18 and would employ about seven staff, she said. Visitor snaps up property The annual influx of holidaymakers resulted in a 1950s home with extensive views over Kaiteriteri selling before auction. Ray White agent Brent Palmer said the two-plus bedroom home on 1355 square metres of prime land was bought by a holidaying expatriate who submitted an unconditional cash offer of $1 million. The property, which had a rateable value of $1.05m, was on the market with another agency, before Mr Palmer picked up the listing late last year. Two other potential holiday properties, a house at 22 Kotare Place in Kaiteriteri and 1219sqm of land at 8 Torrent Bay, both sold for significantly less than their RVs in December, according to Real Estate Institute statistics. The Kaiteriteri house was listed for $895,000 in 2007, and fetched just $740,000, despite having an RV of $1m, while the Torrent Bay property had an RV of $850,000 and sold for $550,000. Rimu Grove Vineyard sold The award-winning Rimu Grove Vineyard has sold nearly a year after hitting the market. Summit agent Simon Thomas said the sale went unconditional just before Christmas. The property includes a six-hectare vineyard, winemaking facilities and a three-bedroom home. It was initially tendered and then marketed at $1.69 million plus GST. Mr Thomas said it sold for more than its $1.54m RV. ‘‘It was definitely a good result for all concerned.’’ The new owner was from overseas but already owned some nearby property, he said. Rimu Grove founder Patrick Stowe will continue to be involved in the business. (The Nelson Mail, Saturday 6 February 2010) DID YOU KNOW?Committed to Nelson and Tasman, Duke & Cooke has a huge depth of experience and knowledge of this region. The company is a past winner in the Nelson Tasman Chamber of Commerce Business Awards and is proud of its reputation of quality service for clients. Duke & Cooke is an innovative company that is up-to-date with changes and trends in the property sector. THOUGHT FOR THE WEEKYou’re getting old when you get the same sensation from a rocking chair that you once got from a roller coaster. |
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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 |