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Duke & Cooke Property News |
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Published on: 6th April 2010 AQUACULTURE PROJECT STARTS AQUACULTURE PROJECT STARTSA flick of dirt today signalled the start of a potential $6 million upgrade of the Cawthron Institute’s aquaculture research centre at Glenduan. The institute is spending $2.4m on building an additional 1000 square metres of shared research and development space and education facilities. It will include wet and dry laboratory spaces, biosecurity facilities, offices, and an upgraded seawater reticulation system to support land-based aquaculture commercialisation activities. It will also include space for the Nelson Marlborough Institute of Technology to teach its new Diploma in Aquaculture course, which is due to start next year. A ceremony and blessing were held today to mark the start of construction, which is expected to take six months. (The Nelson Mail, Wednesday 31 March 2010) HEALTH CENTRE PLAN MOVES NEARER REALITYA new integrated health centre in Golden Bay came two steps closer today. NBPH takes over employment of staff at the Golden Bay Medical Centre from today. Previously, the doctors practised independently at the Takaka building, owned by the Golden Bay Medical Centre Trust. Meanwhile, the Golden Bay Community Hospital site has been confirmed as the site for the new integrated health centre, after a unanimous decision by the Integrated Management Group (IMG). Full business plans for the new building were approved in principle at an IMG meeting on Tuesday, but need a final sign-off from the boards of the Nelson Marlborough District Health Board (NMDHB), the Joan Whiting Memorial Trust and the Golden Bay Medical Centre Trust. Full details will be revealed at a public meeting in Takaka on April 26. The new building is expected to be ready within 18 months. (The Nelson Mail, Thursday 1 April 2010) RETURN OF THE JUNGLEIt has taken about 25 years for muralist Chris Finlayson to be handed another worthy wall to work his magic on but now he has found it he is determined to make it the biggest and the best in the top of the south. When it is finished Urban Jungle will give the impression that nature is taking back a small piece of upper Trafalgar St with trees swallowing rusty girders while a quiet waterfall flows by. For the past two weeks, Finlayson has been scaling scaffolding at the 1903 site with a few volunteers to outline the project. It is a universal concept he hopes will still be novel in years to come. The building belongs to Nelson businessman Tom Sturgess who said the wall now belonged to the community. (The Nelson Mail, Saturday 3 April 2010) PROPERTY WATCHHonest Lawyer changes hands The Honest Lawyer country pub and accommodation business at Monaco has sold. Owners John and Tracey Wheeler are planning to move to Christchurch after the new owners take over on April 28. ‘‘I’m a bit apprehensive,’’ Mr Wheeler said. ‘‘I quite like the business but we’ve been here six years and it’s time to just try something else.’’ He said one of the new owners was from Nelson but had 17 years’ experience running hotels in Canada. Mr Wheeler declined to comment on the price. The business was sold through Bayleys regional tourism, hospitality and business broker Nick Lambert, who said all details of the sale were confidential. Top properties suffering more Higher-priced property values have suffered the most during the housing downturn, a study by Nelson valuation firm Telfer Young has revealed. According to its latest newsletter, 65 Nelson properties sold twice in the past two years, and 26 of those sold for less than they had been purchased for. ‘‘When these sales are sorted by date, most of the negative resales occurred when the first sale was in early 2008. When sorted by sale price, it is clear that higher-value property is suffering in the current climate. Of the resales, only eight were over $450,000, and all sold at lower prices than the previous recorded sale.’’ There were 56 Stoke and Tahunanui properties that resold within the two-year period, and 14 of those showed a price reduction of up to 5 per cent. In Richmond, 23 of 37 properties were resold at an increased price. Motueka had just seven resales, with four of those decreasing in price. Rents stagnant in Nelson Nelson’s median rent remains the same as it was two years ago. Professor Bob Hargreaves of Massey University’s real estate analysis unit said there was some upward pressure on rents in Auckland and Wellington – a trend in line with increasing net migration – but this wasn’t flowing through into regions like Nelson. Its median rent is $300. Mr Hargreaves said it was ‘‘a bit surprising’’ that Nelson’s median rent hadn’t risen slightly during the past two years. ‘‘Most areas have gone up a little bit.’’ The national average increased from $295 a week to $300 between March 2008 and 2010. Mr Hargreaves said rents were related to population pressures, and while Nelson was a beautiful place to live, there weren’t that many jobs here, and the jobs the region did have did not pay that well. (The Nelson Mail, Saturday 3 April 2010) THOUGHT FOR THE WEEKWhose cruel idea was it for the word 'lisp' to have an 's' in it? |
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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 |