News and Publications

Property News: 28th October 2014

MURAL ADDS TO FLAVOUR

A new mural by artist Chris Finlayson in the Bridge St pocket park adds another dimension to the food cart village.  The artwork is named Modern Terain and depicts a contemporary, stylised landscape with hills, valleys, headlands, cliff faces and other features.  Finlayson said: "It could be anything you like really, could be the landscape in your head."  He had the idea for the mural in the 1990s and now 20 years later, with help from the City of Nelson Civic Trust it has become a reality. The mural was a bit of a New Year present for the town.  Finlayson has completed murals throughout Nelson, including Aotearoa on Wakefield Quay, Urban Jungle at the top of Trafalgar St, Knowledge inside the Nelson Library on Halifax St and Ko Nga Tangata/It's all about people in Victory Square.

(The Nelson Mail Tuesday, October 21, 2014) 

BEST WATER IN THE WORLD ON WAY IN REGION

Ancient subterranean water from beneath Nelson's mountains will soon be quenching thirsts in New Zealand and around the world.  E'Stel Premium Artesian Water has been tapped from a wellspring deep beneath the region's western ranges and extracted from a specially drilled bore on the Waimea Plains.  It is to be bottled in a purpose built plant being set up in Nelson and sold to markets already queuing up, including several from overseas. 

Bore not a 'panacea' for district irrigation

The Tasman District Council said the bore from which E'Stel was taking water was one of two deep exploratory bores drilled in the Waimea Plains to find groundwater for irrigation.  The bore was "very deep" more than 900 metres - which made it attractive to E'Stel because it revealed very old water that had been purified throught the thickness of the rock it has travelled through, and the time it has taken to get to the outlet point.  The council said bore water was not a panacea for future water supply for the district.  "Both (exploratory) bores were unsuccessful from the perspective (that) they revealed low or very low groundwater yield," council said.  "The deep groundwater on the Waime Plains is insufficient to support irrigation on one (productive) property let alone the wider needs envisaged."  The council said a dam would augment the larger but shallower aquifers and groundwater through the Waimea River.

(The Nelson Mail Wednesday, October 22, 2014) 

FUNDING AVAILABLE FOR DAM, SAYS SMITH

Nelson MP Nick Smith says there is no need for Irrigation NZ to talk to the Government about funding for community water storage infrastructure.  He said yesterday that investment funds were already available through the Government's Crown Irrigation Investments' $400 million contestable pool.  Smith said he supported the Waimea Community Dam project because it offered the best prospect for regional economic development, and he was concerned about severe economic impacts if it did not go ahead and tougher environmental flow regimes were put in place. However, he acknowledged that the estimated $74.6m cost could not be carried by ratepayers and water users alone.  He said he was working with the Tasman District Council and the Waimea Water Augmentation Committee on how they could secure government support.

(The Nelson Mail Thursday, October 23, 2014) 

SCHOOL HALL BACK IN USE AFTER QUAKE WORK

The Nelson College hall is operational again after an "amazing and very clever job" on improving its seismic strength rating.  Headmaster Gary O'Shea said the focus of the strengthening work was on the hall's large windows, which had been bolstered by the addition of steel inside the window frames.  The hall was assessed at 26 per cent of the new building standard, which meant it was earthquake prone.  Buildings must be 34 per cent of the standard or higher in order to meet new rules on seismic strength.  O'Shea predicted the cost of the work at around $100,000, much of which would be paid by the Ministry of Education.  He said the steel works were pre-fabricated off site and installed relatively swiftly.

(The Nelson Mail Friday, October 24, 2014) 

MILLERS ACRE BAN FOR FREEDOM CAMPERS

Freedom campers will be sent packing from Millers Acre this summer, with Nelson City Council set to restrict parking hours.  A three-hour parking limit to be enforced 24 hours a day, effectively stopping any overnight camping, was adopted by city councillors at the planning and regulatory committe meeting yesterday.  Freedom camping in Millers Acre has become a contentious issue over recent years, with many campers leaving behind an unwanted mess.  Riverside Kitchen co-owner Clare Fleming said it was a good idea to stop camping in the car park, but she was sceptical about how easy it would be to enforce.  She said she had nothing against freedom camping, but a car park in the middle of a city was not a suitable place for it. Planning and regulatory committee chairman Brian McGurk said Environmental Inspections Ltd would be contracted to monitor the car park. He said the restriction would come into force in the next couple of weeks.

(The Nelson Mail Friday, October 24, 2014) 

RESTORED BUILDING OPENS

With the cut of a ribbon the newly spruced up Nelson Marlborough Institute of Technology's original 1904 building on Hardy St is now open for business.  The building had been left unused, with wood rotting away until NMIT invested $200,000 to fix it up for its applied fitness students.  NMIT's chief operating officer Martin Vanner who led the work said a third of the wooden weatherboards needed to be replaced as they had rotted, and they also put in new carpet, furniture, and insulation as well as painting the exterior in "heritage colours".  The building would be home to about 75 applied fitness students and their tutors, with a gym moving into the building, and classes held in other rooms.  Prior to its spruce up, it was sitting empty but had once been used for art students.  The Nelson Technical School (the forerunner of NMIT) was set up in 1904 and the building was designed by Stead Ellis, a trained architect and secretary to the Nelson Education Board.  It opened in 1905 and initially offered classes in cookery, engineering, woodwork, commerce, craft, secretarial skills and plumbing.  The land that the building sits on was donated by Nelson City council and construction was let by John Soctt Jnr at a cost of £1124.

(The Nelson Mail Friday, October 24, 2014) 

SOLVING THE HOUSING SQUEEZE

Vincent Inwood had a vision when he bought his first block of land in Tahunanui more than 40 years ago for $3400.  Over those years his land grew as his business grew.  He bought up an old house, a workshop garage and a car yard.  Now Superior Spares, a spare car parts company, covers almost 3000 square metres, less than 1km from Tahunanui Beach.  The Tahunanui Drive site is zoned suburban commercial which means residential properties up to four storeys high could be built there.  If that occurs it would be the first mid-rise suburban apartment block in the city.  It would also signal the first move in an inevitable trend in Nelson, according to politicians, property sellers and developers.  "A single-storey, standalone house is going to be a luxury in five to 10 years," said local developer Bryan Turner of Tasman Holdings. "They just won't be built because it will be unaffordable." Massey Univeristy's latest home affordability index put Nelson as the fourth-most-unaffordable place in the country to buy.  The index compared average weekly household earnings against the median house price and mortgage interest rates. Turner said the eventual solution would be high density homes such as apartment blocks and townhouses both in central Nelson and then pushing out into the suburbs. James Purves saw that coming.  More than a year ago he purchased a site in Nile St in the central city to create Sussex Mews - an intensive residential townhouse delelopment.  Purves has sold all but one of the nine homes before the project is completed.  "I see an increasing demand for higher density living partly triggered by people wanting to simplify their lives and also to keep costs in check," he said.  The difficulty in that, however, was finding suitable areas that were flat.  Which means that even if apartment complexes took off they still might not be affordable for a first home buyer.

(The Nelson Mail Saturday, October 25, 2014) 

WAIMEA DAM 'VITAL' TO REGION

Nelson Tasman's regional income would dip by between $17.5 million and $34.5m a year without the Waimea Community Dam, says a new economic report.  However, the big question of the affordability of paying for the proposed dam is still to be resolved.  The project is estimated to cost $74.6m if it is built in 2017-18.  The council is holding a series of eight public meetings on the proposed dam and funding and governance options, and the deadline for submissions is November 14.  The Nelson Regional Economic Development Agency (EDA) commissioned the New Zealand Institute of Economic Research to update an earlier economic report on the dam.  The report's author, NZIER senior economist Peter Clough, said it concluded that there would be clear economic benefits to the region by having the Waimea dam.  "The analysis also suggests the benefits of the dam more than cover the cost of the dam and resulting land use changes over time."  EDA chief executive Bill Findlater said the NZIER report concluded that the dam would bring significant economic benefit to the region, even using the most conservative estimates.  It predicted "serious economic consequences if the dam doesn't go ahead".  

WHAT IT SAYS

Waimea Dam Economic Assessment:

  • Due to new water management rules, from next year the reliability of water for irrigation and primary production purposes could be restricted.  Without a dam, water allocation could be 20 to 35 percent lower than it is now

  • Based on such reductions, the region faces substantial costs in lost production from irrigation and associated processing and other activities, estimated between $175 million and $34.5m a year in GDP.  Those losses would fall principally on primary producers.

  • The dam could eliminate those losses and enable increased irrigated production that could lift regional GDP by $54.5m a year, once the gains are fully realised.  The combined effect of these benefits from the dam could raise regional GDP by between $71m and $89m a year.

  • The net benefits of the dam to the primary production sectors are a present value of about $257m over 25 years, or $168m after tax.

(The Nelson Mail Saturday, October 25, 2014) 

NZ'S TOP LANDLORD

Nelson's Lyn Marshall has been named Landlord of the Year by the New Zealand Property Investors Federation (NZPIF).  The award was made at the federation's annual conference in Christchurch.  Marshall and her husband Bryan Turner developed the rental townhouse complex in Stoke, Acorn Way.  The private land of 14 new rental townhouses off Neale Ave was officially opened in March.  Marshall has wide experience in the property development and rental market.

(The Nelson Mail Saturday, October 25, 2014) 

NEW POSSIBILITIES

Nelson's "new-age" book and gift specialist store Possibilities has popped up again in a new location in Halifax St.  Owner Avery Dash opened the store 22 years ago in Hardy St, against advice "It would never work", but he knew better.  He said it had been a good success story for a small specialty store.  He closed the store in May to take a break before reinventing it in premises next to Tozzetti Panetteria.  Dash said it made sense to shift to a smaller venue.  The store is open for half a day on Tuesday, Thursday, Friday and Saturday and is closed Sunday, Monday and Wednesday.

(The Nelson Mail Saturday, October 25, 2014) 

TENANT FOR BAKERY SITE

Negotiations are under way with a new tenant in the space left vacant by Coupland's Bakeries in Richmond when it relocated to premises off Queen St.  The vacant site is owned by Foodstuffs, which also owns the immediate neighbour, Raeward Fresh. Foodstuffs South Island general manager of proeprty Roger Davidson said they were talking with a prospective tenant for the vacant premises.  He said there were no plans to develop the Raeward Fresh store, in light of plans by a competing supermarket chain to develop the site diagonally opposite.

(The Nelson Mail Saturday, October 25, 2014) 

URBAN DESIGNERS JAZZ UP THE CITY

The challenge: how to make the lane-ways into the Saturday Nelson Market easier to use and more appealing.  The solution: temporary installations, greenery and art or even an underground carpark.  That is according to the architects, urban designers, landscape designers, council staff and even a barrister, who attended Nelson's fifth Urban Design Day.  The challenge for the day was to make the lanes into Montgomery Square, and the Square itself, easier to navigate and more attractive.  Organiser and architect Andrew Irving said the day was all about giving people who are interested in urban design a chance to test ideas and work on challenges that are relevant to Nelson.

(The Nelson Mail Saturday, October 25, 2014) 

"THOUGHT FOR THE WEEK"

If you want your children to turn out well, spend twice as much time with them, and half as much money. 

Abigail Van Buren