News and Publications

Property News: 8 April 2019

Anxious wait over pay out

A farmer whose land was ripped up to help stop the Pigeon Valley fire has an anxious wait to see if bills of more than $100,000 incurred reinstating the land will be fully compensated.

The damage to Pauline Marshall's Teapot Valley farm is estimated at more than $100,000. Damage to the land is not covered by insurance.

An estimated 10 per cent of the land, or about 15 hectares, had been dug up to create the fire breaks.

The family were grateful for the fire crews for the work they did saving homes, but were left with a daunting task of rehabilitating the farm and the uncertainty of who would pay for it.

Tasman District Council communications manager, Chris Choat said 50 applications had been made to the Mayoral Relief Fund. Payouts so far had been made for a range of things including financial hardship, restoration and animal replacement.

Each application was reviewed on a case-by-case basis by a panel made up of the Nelson and Tasman mayors, two councillors, an iwi and a Rata Foundation representative.

The council has put forward a funding proposal to Cabinet in the hopes of adding to the $441,000 Mayoral Relief Fund and the $1 million allocated from the Lotteries Commission, but Choat said recent events in Christchurch had meant delays.

‘‘We understand it is going up next week so if that all goes to plan, we may hear mid next week.’’

(The Nelson Mail, Monday 1 April 2019)

Retailers set up shop in Vanguard St

The face of retail in Nelson’s Vanguard St is set to change with the opening of a large bike store followed by the move of retail giants, Briscoes and Rebel Sport next year.

Briscoe Group managing director Rod Duke said both stores would be moving to a new site in Vanguard St in 2020. The two stores would remain side by side and share an office space.

Duke said the site was ‘‘considerably larger’’ than the current premises on Montgomery Square which had restricted floor space and office space.

He said customer parking outside Briscoes and Rebel Sport was ‘‘prohibitive’’ on weekends, as the car park was home to the markets on Saturday and Sunday. All of which made the site ‘‘less desirable’’. ‘It’s a bit like an old suit, we’ve just outgrown it.’’

He expected the move to happen between June and September next year.

Another retailer setting up shop in Vanguard St is bicycle store Evolution Cycles.

It is the first Nelson store for the family-owned business, which currently has 12 stores around the country.

Evolution Cycles marketing manager Ben Pedley said the company had taken on the lease in the former car yard at 6 Vanguard St and planned to open the store within the next three months.

The Nelson store would include a large shop with a range of road bikes, mountain bikes and electric bikes as well as a service centre.

Alongside the changes in Vanguard St, the Trathen’s Building on Trafalgar St had been leased.

BECA Nelson branch manager and technical director of civil engineering Don Clifford confirmed that the consultancy firm had taken on the lease in the new building and was still finalising the move.

(The Nelson Mail, Monday 1 April 2019)

Community group to fight ‘McMall’ proposal

A Nelson community group is calling for a development proposal in Nelson’s CBD to be stopped before it can start.

Community Action Nelson (CAN) spokeswoman Mary O’Connor said the council land that needed to be sold for the Cephas Property to develop into retail and office space would be better used as a ‘‘mixed model’’ building, including residential space as well.

‘‘Everyone knows Nelson has a housing crisis and an empty shops crisis. It seems insanely short-sighted to be selling off valuable council land in the centre of town for a mall of chain shops that will further threaten local businesses,’’ she said.

She said CAN, working with the Nelson City Council (NCC), had identified lack of land as a barrier to affordable housing, and if Wakatu Square was to be developed it would be ‘‘a very valuable acre or so for some creative intensification of housing stock in Nelson’’.

However, Cephas spokeswoman Elizabeth Crawshaw said the proposal was not for a mall, but for ‘‘a compact, mixed use urban infill precinct with office space, retail and dining’’.

Crawshaw said the development aimed to provide higher quality retail and office space than what was already available in Nelson. ‘‘We have considered whether inner city living could be part of the current plan, but do not think it possible due to the cost and increased complexity of doing so.’’

The proposal was brought to NCC at a council meeting on March 27, and has now gone out for public consultation. In the public consultation document, the council said it was ‘‘aware of the potential’’ to turn the space into mixed use building. ‘‘At this time, there are no specific plans for this end of the site, however this potential needs to be taken into account when considering the redevelopment of Wakatu Square.’’

(The Nelson Mail, Wednesday 3 April 2019)

Nelson mall plan a ‘gutsy move’

Despite a number of vacant shops in Nelson’s CBD there are a lack of suitable properties for retailers keen to set up in the region, says a real estate agent.

Bayleys Nelson salesperson Paul Vining said he was aware of a number of retailers and businesses keen to enter the Nelson market, but that there was a ‘‘noticeable shortage’’ of good quality accommodation options for them.

‘‘There has been a good amount of interest for national tenants, both retail and office, looking to come into Nelson due to the strong performance of the region.’’

He said the proposed inner city mall was a ‘‘gutsy’’ idea, one he was sure would provide more suitable options for those wanting to enter the Nelson market.

‘‘It is easy to look at the market and think there is lots of vacant space, but the reality is there is a shortage of good quality space.’’

He said what Steve Baigent was proposing with an inner city mall would ultimately be positive for Nelson.

‘‘If someone is willing to take a punt on redevelopment in the inner city, we are certainly on board in support of that and think there would be uptake from good quality tenants coming to the region.

(The Nelson Mail, Wednesday 3 April 2019)

‘Entry level’ home values rise

House prices in the Nelson region continue their steady upwards march, despite a continued slowdown in the overall housing market.

The average value of a residential property in Nelson city sits at $616,643, compared to $609,985 in January, the latest Quotable Value House Price Index shows.

The rise of 2.5 per cent over the last three months and 8.9 per cent year-on-year, compares to increases of 0.5 and 2.6 per cent respectively nationwide.

Values in Tasman district have also continued to rise, climbing 1.6 per cent over the past three months and 6.4 per cent over the year to March, with the average value now $598,826.

Property listings were strong in Nelson, with values for ‘‘entry level’’ homes in particular continuing to rise, QV Nelson Property Consultant, Craig Russell said.

‘‘Poorer quality investment properties with deferred maintenance are coming available for sale, as experienced investors’ dispose of these properties due to weaker yields, upcoming healthy home compliance costs, and lack of perceived capital gain going forward.’’

Across the country, the annual growth in property values dropped from 7.3 per cent to 2.6 per cent.

(The Nelson Mail, Wednesday 3 April 2019)

A purpose-built home

After 18 months of construction and $11.5 million later, the new Nelson Tasman Hospice is ready to welcome its first patients.

Staff are currently moving into the new purpose-built hospice in Stoke, a project which has largely been funded by donations from the community.

Nelson Tasman Hospice chief executive Frans Dellebeke said he ‘‘couldn’t wish for anything better’’ than the new purpose-built facility.

The hospice building has been under construction since August 2017. The organisation learnt in 2016 it needed to look for a new location as the Manuka Street Hospital was expanding and had outgrown its current site.

Dellebeke said the building layout had been designed to increase efficiency and productivity as well as providing dedicated space for different parts of the service.

Dellebeke said it was the first time all the hospice staff would be located in one space.

Purpose-built rooms provided space for palliative care education, occupational therapy, day clinics and a dedicated space for the hospice’s 500 volunteers to work as needed.

A separate four-bedroom flat built behind the hospice will provide accommodation for families who have travelled from out of town to be with their whanau.

There are 150 solar panels on the roof and three water tanks that collect rain which will be used to flush toilets and water the gardens.

Staff are currently moving into the building with patients soon to follow. The building will have an official opening in May.

(The Nelson Mail, Friday 5 April 2019)

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