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Duke & Cooke Property News |
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Published on: 3rd May 2010 KING SALMON PLANS $16M EXPANSION KING SALMON PLANS $16M EXPANSIONNew Zealand King Salmon is ‘‘taking a leap of faith’’ in proposed aquaculture law reforms with a $16 million expansion of its Nelson processing plant, chief executive Grant Rosewarne says. The company is seeking to buy property neighbouring its Bullen St, Tahunanui, site to start development as soon as possible. Mr Rosewarne said it would probably double the company’s manufacturing capacity. New Zealand King Salmon is already one of Nelson’s biggest businesses, employing 435 staff. (The Nelson Mail, Tuesday 27 April 2010) FRESH PLANS TO BRING HOLLYWOOD TO RICHMONDA two-screen cinema complex could open at Richmond’s A&P Showgrounds by the end of the year if the Tasman District Council agrees to contribute $250,000 towards the project. The Nelson A&P Association has lodged a submission to the council’s Draft Annual Plan, asking for help with funding. The submission proposes spending an estimated $760,000 upgrading Birch Hall and installing cinema equipment at the association’s grounds in Richmond Park to accommodate two 33-seat theatres and a cafe. An unnamed private business will contribute the remaining $510,000. It will run the cinema and pay an annual rent of $30,000 to the association. (The Nelson Mail, Wednesday 28 April 2010) RAIN FALLS, RESTRICTIONS LIFT - FOR NOWAll water restrictions in Tasman and Nelson have been lifted, thanks to yesterday’s welcome rain. Tasman District Council dry weather taskforce convenor Dennis Bush-King said the heavy rain was enough to soak into the ground and relieve growers for a while. However, the council is not discounting reintroducing restrictions. Mr Bush-King said the rain on the plains was helpful but not enough. ‘‘More rain is forecast later in the week and that will also tie us over.’’ Waimea Plains market gardener John Ewers is relieved the rain has fallen. His patch received about 24mm which means he will not need to irrigate this week. Hosing restrictions in Richmond, Mapua-Ruby Bay, Brightwater, Hope, Tapawera and Wakefield, and the rural supply areas of Redwood Valley and Dovedale have been lifted. The Nelson City Council is also cancelling rural water restrictions today. However, the council’s monitoring co-ordinator, Paul Sheldon, said the situation will be closely monitored as more rain was needed. The council is lifting restrictions for those taking water straight from streams and wells in the catchment areas of the Whangamoa River and its tributaries, the Wakapuaka River downstream of the Teal confluence, the Teal River, Oldham Creek and Poorman Valley Stream. (The Nelson Mail, Wednesday 28 April 2010) WALLS GO UP ON TECH'S 'WORLD-FIRST' BUILDINGThe bones of Nelson Marlborough Institute of Technology’s landmark arts and media building are slowly taking shape. Andrew Irving of Irving Smith Jack Architects, which won a competition for the design of the building, said it was a world first for both the innovative use of wood in the structure of a multi-storied building and in its incorporation of a new generation of earthquake-resistant technology. All structural beams, columns and floors will be constructed out of laminated veneer lumber (LVL), which Mr Irving said had excellent strength properties and was fire resistant. He said LVL was the structural equivalent of steel and concrete. The Government has pledged $8.13 million towards the three-storey timber-framed building, which is the first of its kind in the world. The building is next to the new tourism and hospitality building on Nile St and is expected to cost about $9m. Most of the materials used in the project have been sourced and manufactured locally. Aurecon structural engineers have also completed a world first timber design which uses pairs of rocking walls, joined with energy dissipaters to allow the building to absorb seismic energy and reduce building damage during an earthquake. (The Nelson Mail, Thursday 29 April 2010) FIVE POTENTIAL CENTRE SITES ON NCC LANDThe short list of preferred sites on which a performing arts and conference centre might be built includes the former favourite, Millers Acre, but the public will have to wait a little longer before the complete list is presented. The Nelson City Council released its list of preferred sites on council-owned land late yesterday. They are Millers Acre, the Elma Turner Library in Nelson, the Halifax St croquet green, Rutherford Park and the parcel of land to the west of Trafalgar Park beside the Maitai River. City council technical services senior executive Alec Louverdis said the council was also considering privately owned land but because of commercial sensitivity, discussions around that would be confidential at this stage. ‘‘There will be two short lists of potential sites: one of council-owned land and another of non council-owned land,’’ he said. Discussions would take place with the owners of potential sites on private land with the aim of releasing a full list of possible sites for public consultation in June or July this year, Mr Louverdis said. (The Nelson Mail, Saturday 1 May 2010) NEW PLUNKET BUILDING PROVIDES ROOM TO GROWThe day of the move was frantic, but yesterday afternoon when Nelson-Marlborough-Westland Plunket’s new head office opened on Waimea Rd, it looked like it had always been there. Mrs Fryer said the old head office had been too small for the growing Plunket team, which has added two community support workers and a home safety officer, as well as an expanded parent education programme. (The Nelson Mail, Saturday 1 May 2010) PROPERTY WATCHRetail centre canvassing tenants Negotiations are underway to fill 13 stores in a new development called Nelson Supa Centa alongside the Mitre 10 Mega store in Stoke. The development has been planned for several years but stalled, initially by consent issues and most recently the slow retail market. Colliers International agent Ash Hira of Auckland said construction was likely to begin once some key tenants were signed up and he was confident of achieving this in the next three or four months. ‘‘We have got some interest in it. We’re working with major tenants. In the current market it’s taken a while to put these things together.’’ Most of the interest had come from New Zealand companies, he said. Beach property finally sells A tired two-bedroom home on a 1518sqm section across the road from Tahunanui Beach sold for $370,000 after seven months on the market. According to Real Estate Institute statistics, the property at 537 Rocks Rd was listed for $489,000 last July. Summit agent Paul Nicoll declined to comment on the sale at the request of the parties concerned. The property has a RV of $450,000. Meanwhile, a 1730sqm section in the nearby Whitby Rd which overlooks Haulashore Island, sold for $900,000. The Real Estate Institute was unable to identify where in Whitby Rd the property was. It was listed last November and signed up for sale in December, although settlement only took place in March. Rural pubs on market Two long-established rural pubs, the Rai Tavern and Wakefield Hotel, are both for sale through Bayleys agent David Jeffery. He said it was coincidence both were available at the same time. The Wakefield consists of a public bar, garden area, restaurant dining room, six guest bedrooms and separate owners’ accommodation. Its owners had been there three years and were returning overseas, he said. ‘‘They’re not unrealistic in their expectations.’’ It’s being auctioned as a freehold going concern on May 23. Mr Jeffrey said there had been good interest from overseas and local buyers. Meanwhile, the Rai Tavern is being sold for $145,000 plus GST as a leasehold property and business. ‘‘The owner is in retirement mode. There’s not a better, more affordable opportunity for someone to enter the hospitality industry.’’ Harder to buy home Housing affordability in Nelson has deteriorated during the last year but is still vastly better than at the start of 2008, according to online market commentator, interest.co.nz. Its April survey ranks the Nelson-Marlborough region fourth behind Central Otago Lakes, Auckland and Wellington as the least affordable place in the country to buy a house. ‘‘It now takes 64.8 per cent of one median income to pay the mortgage on a median price house purchased in March.’’ A year ago it was 57.3 per cent and five years ago it was 71.8 per cent. The affordability index for the region peaked in February 2008 at 91.9 per cent. Village units 'selling well' The Ernest Rutherford Retirement Village at Stoke is expected to be complete by the end of this year, once 22 independent living apartments, 75 assisted living serviced apartments and a dementia care unit are built. Ryman Healthcare marketing manager Neil Prior said the apartments were ‘‘selling well’’, although he declined to say how many had been signed up. Prices start from $269,000 plus ongoing service costs for the independent apartments and $139,000 plus ongoing service costs for the assisted living apartments. ‘‘Demand at Ernest Rutherford Retirement Village for both retirement living units and care has been very strong – as strong as it is for all our villages.’’ (The Nelson Mail, Saturday 1 May 2010) THOUGHT FOR THE WEEKThere are three kinds of people: The ones who learn by reading. The ones who learn by observation. And the rest of them who have to touch the fire themselves to learn if it's really hot. |
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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 |