Duke & Cooke

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

Published on: 28th June 2010

COUNTDOWN FOR RICHMOND
THREE BUILDERS WIN TOP AWARDS
PROPERTY WATCH
THOUGHT FOR THE WEEK

COUNTDOWN FOR RICHMOND

Richmond is being eyed for a new Countdown supermarket. The chain’s Australian-based owner, Progressive Enterprises, confirmed to the Nelson Mail yesterday that it was looking at potential sites. Last year it announced plans to spend $1 billion growing its business and the development of a supermarket in Richmond would be part of this, he said. He declined to comment on what sites were being considered. ‘‘It’s too early to say.’’ In 2007 Foodstuffs bought the Bay Nurseries site of the corner of Bateup and Gladstone Rds in Richmond. It recently told The Nelson Mail that it had no immediate plans for the site.

(The Nelson Mail, Saturday 26 June 2010)
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THREE BUILDERS WIN TOP AWARDS

A central Nelson home described as a masterpiece, a reconstruction of a 1950s bach in Little Kaiteriteri and the Nelson City Council customer service centre have been singled out as top examples of building and workmanship. Each won supreme awards for their builders at last night’s Nelson Registered Master Builders house of the year and commercial project awards. Place Makers House of the Year supreme award was won by Nelson firm Harris Builders, who built the central city home which was also a winner in the 2009 Nelson Marlborough Architecture Awards, run by the New Zealand Institute of Architects. Contemporary Homes 2010 was presented with the new supreme award for the renovation of the year for its work on revamping the bach in Little Kaiteriteri. Scott Construction won the commercial project of the year and the retail and business project, for its development of the council customer service centre.

(The Nelson Mail, Saturday 26 June 2010)
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PROPERTY WATCH

Food firm expands to Richmond

Mediterranean Foods is opening a store in Richmond. Owners Mac McNairney and Claudia Kern hope to have the new store, Prego Mediterranean Foods, operating in the premises formerly occupied by Bluebell Florist at 250a Queen St on July 1. Prego, pronounced ‘‘pray-go’’, is Italian and is often used to say ‘‘You’re welcome’’, according to Ms Kern. The pair have owned their Nelson business for nearly three years and believe Richmond is the logical place to expand. ‘‘We have known that many of our current customers come from Richmond, and especially the outlying areas,’’ Ms Kern said.

Sale plan attracts responses

Thirty people have commented on the Nelson Marlborough District Health Board’s plans to sell 23 surplus properties worth about $10 million. The properties include homes and land in Nelson, Stoke, Tapawera, Murchison and Wairau. The board’s finance and commercial manager, Nigel Trainor, said 17 submissions related to the Tapawera property, and the Nelson properties attracted six submissions, as did Wairau, and Murchison got one. ‘‘It has been decided that a public meeting will be held in Wairau only – other submissions will be responded to by letter, stating our considerations for the board to approve.’’ It hopes to have the consultation process completed by the end of July.

Buyers seeking Mapua homes

There is strong buyer inquiry for good quality homes in Mapua, according to Bayleys agent Daniel Reed who has this month sold a home at 28 Higgs Rd with a rateable value of $550,000 and one at 3 Jessie St with an RV of $570,000. It sold within four weeks, having been marketed at offers over $930,000. ‘‘It’s probably one of the best houses in Mapua as far as quality goes,’’ Mr Reed said. The Higgs Rd home was marketed as price by negotiation and sold within a week, he said. ‘‘We’ve been a little bit overrun with interest.’’

New premises for Enviro Plus

Enviro Plus, a business specialising in tree services, reserves and wetland development, has filled a vacant property at 24 Poutama St, Richmond. Owner Marcus Woodward said the business previously operated from his Wakefield home but was getting busier, with more subdivision and development work. It employs 10 staff. Summit commercial agent Bevan Dixon said the premises had been vacant for about six months but the new tenant was found 10 days after the rent was reduced to meet the market. ‘‘It’s not good that landlords are having to reduce rents’’ but in some areas, it was the only option, he said.

Slight slip in confidence

Nelson investors’ confidence in the commercial property sector has dipped, pushing the region back a peg to the third-most confident place in the country, according to a Colliers International survey. Nelson sits below top-ranking Tauranga-Mt Manganui – the only place in the country where optimists outrank pessimists – and Hamilton. Colliers International Nelson managing director Tony Gowans said the survey results confirmed the stability of the Nelson market and the historic ‘‘winter softness that normally occurs’’.

(The Nelson Mail, Saturday 26 June 2010)
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THOUGHT FOR THE WEEK

Borrow money from pessimists. They don't expect it back.

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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.

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