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Duke & Cooke Property News |
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Published on: 26th July 2010 RICHMOND RESIDENTS CALL FOR CINEMA RICHMOND RESIDENTS CALL FOR CINEMAThe people of Richmond are yearning to go to the movies. Two-thirds of respondents to an independent study commissioned by the Tasman District Council have asked for a cinema to be developed. The news is no surprise to Nelson A&P Association manager Liz Harvey who is pushing the council to set aside $250,000 to spruce up the A&P Showgrounds’ Birch Hall. The association hopes to lease the hall to a business which will develop a two-screen cinema and cafe. The council could take the funds from a $1.5 million pool set aside for a community facility, she said. Ratepayers needed to understand a council grant would go towards a Birch Hall upgrade, not towards private business or the cinema. The cinema proposal is for two 33-seat theatres and a cafe and would be run by an unnamed private business which will contribute $510,000 towards the $760,000 project. The business will pay an annual rent of $30,000 to the association. (The Nelson Mail, Monday 19 July 2010) NELSON WALKWAYS GIVEN FINANCIAL BOOSTNelson has scored new funding from the Walking Access Commission, including a start to the Ruby Coast Walkway. The commission has allocated more than $200,000 to 12 projects nationally, and Nelson gained $63,000 for three projects. Two of those are for Fish and Game - one to improve access tracks to Golden Bay, Pelorus, Motueka, Buller and Wairau rivers, and the other for improving access signs and information. This is in response to wider public demand beyond anglers and hunters wanting access to the rivers. Where the money goes - Fish and Game $27,000: improve access tracks to Motueka, Golden Bay, Pelorus, Buller and Wairau rivers. - Fish and Game $15,000: improve access information signs. - Tasman Area Community Association $7,500: Ruby Coast Walkway. - Te Araroa Trust $21,785: Develop 6.4km track by Pelorus River. (The Nelson Mail, Tuesday 20 July 2010) OPENING OF RUBY BAY BYPASS BROUGHT FORWARDThe Ruby Bay Bypass will be open by Christmas, four months earlier than originally scheduled. New Zealand Transport Agency Marlborough Roads manager Frank Porter said the original completion date of Easter 2011 had allowed for unpredictable and unsuitable weather conditions. The road runs from the Nelson side of Trafalgar Rd to just north of Tasman village. The project team has just about completed all the necessary earthworks, which means a total of 1.25 million cubic metres has been shifted since the $30 million project began. (The Nelson Mail, Tuesday 20 July 2010) PLANS FOR MINERAL BELT DISAPPOINTGovernment plans to further explore the mineral belt around Nelson are disappointing, Royal Forest and Bird Protection Society of New Zealand advocacy manager Kevin Hackwell says. The Dun Mountain, the Riwaka complex in Graham Valley, the Rotoroa complex in Murchison and Sam’s Creek in Golden Bay have all been identified as areas that could be explored for their mineral wealth. (The Nelson Mail, Wednesday 21 July 2010) 'ONE PARK' CONCEPT POPULARA ‘‘One Park’’ vision for Rutherford Park, Kinzett Terrace and Trafalgar Park has attracted widespread support. The Nelson City Council’s draft management plan for the three areas attracted 23 submitters, with 16 of those opting to speak at a public hearing on Tuesday. Most submissions were largely supportive of the plan’s intent to develop the areas into one active space that was accessible, connected and flexible. (The Nelson Mail, Thursday 22 July 2010) BRIDGE LINKING MAPUA AND RABBIT ISLAND MOOTEDAn ambitious plan for a bridge linking Mapua and Rabbit Island has support from local residents. A concept has been drawn up for a 230-metre cycle and walkway drawbridge, which could form part of the 175-kilometre Tasman loop cycleway. The Ministry of Tourism this month allocated $2.6 million for cycle trails making up the first stage of the loop. This will see the development of trails between Richmond and Mapua, and Richmond and Wakefield. Construction of both will start in October. Part of the loop will be through Rabbit Island, and cyclists will need to get across the Waimea Inlet to Mapua. During a Tasman District Council meeting yesterday, Nelson Cycle Trails Trust chairman Stuart Hughes said that initially, a ferry would transport cyclists across the waterway. (The Nelson Mail, Friday 23 July 2010) A WINDFALL FROM OCEAN FARMING IS FORECASTGovernment changes to aquaculture regulations could open up a multimillion-dollar finfish farming industry in the Nelson region worth far more than mussel farming, Wakatu Incorporation chief executive Keith Palmer said today. He said within five to seven years there could be groper farms in Tasman and Golden bays, with potential for ‘‘ocean trout’’ to also be farmed if the prohibition on trout farming could be lifted. Mussel farms returned $30,000 a hectare a year. Finfish farms returned more than $1 million a hectare, with much higher demand and much less water space required, he said. The changes announced yesterday to streamline aquaculture regulations and give councils more say were also welcomed by Aquaculture New Zealand and Tasman District Council. Fisheries Minister Phil Heatley said the moves would put greater emphasis on regional decision-making and, in the case of Tasman and Golden bays, pave the way for finfish farming to be added to mussel farming and shellfish spat-catching. (The Nelson Mail, Friday 23 July 2010) PROPERTY WATCHMonaco apartments fail to sell The 11 remaining apartments in Monaco Village near Stoke have failed to sell through a tender process initiated by receivers for the failed development company. Hotel investment services agency Jones Lang LaSalle was seeking tenders on the fully furnished apartments, to be submitted by July 2. Receiver John Fisk of PricewaterhouseCoopers said no acceptable offers were received. ‘‘There are a number of parties that we’re still talking to. We’re looking at proposals from our agent as to what the next best steps are.’’ The apartments are seen as a ‘‘key asset’’ which receivers want to sell in order to make more money available to Monaco Village Ltd’s creditors. ‘‘In the meantime, that resort is trading well,’’ Mr Fisk said. ‘‘We’re comfortable with where that’s at.’’ The resort is managed by a different entity. Properties go under the hammer Harcourts’ auction this week was ‘‘an outstanding success’’, with more than 100 people attending and all five properties selling under the hammer, Nelson manager and auctioneer Mike Rollo said. The properties attracted 150 inspections within three weeks and there were multiple bidders on most of them, he said. ‘‘Auctions deliver results, especially when realistic owners are prepared to meet the market.’’ The properties sold were: 180 Nile St, Nelson, with a rateable value of $430,000, sold for $450,000; 1/17 Hunter Ave, Richmond, RV $220,000, sold for $265,000; 12 storage units at 5 Fittal St, Richmond, RV $270,000, sold for $300,000; 161 Queen St, RV $280,000, sold for $324,000; and 75 Tahunanui Drive, RV $300,000, sold for $240,000. Houses becoming less affordable Housing affordability is becoming worse in Nelson and Marlborough, according to the monthly Roost home loan affordability index. Based on June sales statistics, it takes 66.8 per cent of one median income to pay the mortgage on a median-priced home in the region. Anything above 40 per cent is considered unaffordable. At this time last year, the Nelson-Marlborough home affordability index sat at 60.4 per cent. Five years ago, it was 65.1 per cent. Affordability was at its worst in February 2008, when the index tipped 91.9 per cent. (The Nelson Mail, Saturday 24 July 2010) THOUGHT FOR THE WEEKThe real art of conversation is not only to say the right thing at the right time. |
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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 |