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Duke & Cooke Property News |
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Published on: 12th April 2010 WATER RATIONING STARTS ON MONDAY WATER RATIONING STARTS ON MONDAYWater restrictions will be imposed from Monday in the Nelson region after six weeks without significant rain, and little forecast. In the Tasman district, urban users face alternate-day hosing bans and on the Waimea Plains, irrigation water will be rationed. In Nelson city, residents who take their water from streams or wells will be told to stop taking water for irrigation and minimise their domestic use. Tasman’s restrictions mean Waimea Plains market gardens, glasshouses and farms, which are significant contributors to the region’s economy, will have to cut their water use by 20 per cent from Monday (stage one) and 35 per cent from April 19 (stage two). (The Nelson Mail, Thursday 8 April 2010) NEW NURSING CENTRE OPENSJill McKnight has lost count of the number of times she's given the grand tour of the new Nelson Nursing Service centre on Main Road Stoke. "More than a dozen, at least." The managing director is thrilled to be moving into her brand-new premises, which held its opening and blessing ceremonies yesterday. The $2 million centre is owned by a family trust and has been operating for two months already, but Mrs McKnight says business can now begin in earnest, with "all the bits and pieces moved in". The new building incorporates pain and concussion clinics, a physical therapy gym, and plenty of room for the employment pre-tests, blood, hearing and lung function tests, workplace health checks, physiotherapy, vaccinations, and community-based nursing care that form much of its business. (The Nelson Mail, Saturday 10 April 2010) PROPERTY WATCHCoach house snapped up The Old Coach House at 448 Moutere Highway sold through Ray White Mapua agent Mike Harvey after a week on the market. The historic six-bedroom home on 4000sq m property was priced at $395,000. More than 130 people viewed the property. It attracted four offers and sold in excess of $400,000, Mr Harvey said. ‘‘A lot of people in Nelson are aware of the property – it’s got a really interesting past. Because it’s quite well known, lots of people have some sort of connection to it.’’ The size of the property, coupled with its character and price, was what made it so popular, Mr Harvey said. ‘‘It’s a great result.’’ The property has a rateable value of $375,000. Commercial jitters stay Nelson valuers Duke & Cooke predict the commercial property market will remain jittery throughout this year based on struggling business performance and ongoing liquidations. In its latest Outlook property report it says it is highly likely the rental market in all sectors will see some real evidence of falling rental values as those landlords with vacant premises react to the pressure of restoring cashflow from their properties. More refurbishment work is likely to be undertaken by landlords of secondary-quality space to make it competitive for leasing. It also sees a shortage of office space available for lease developing in Richmond and believes the trend for fringe retail shops to be converted into service commercial uses may continue to fill the demand in the short term. That should have the effect of holding Richmond retail rents steady, providing other economic factors stay the same, it says. (The Nelson Mail, Saturday 10 April 2010) THOUGHT FOR THE WEEKIf you ate both pasta and antipasto, would you still be hungry? |
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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 |