Nelson median weekly rent dipped slightly in August from earlier this year and is now sitting at $247. Massey University’s New Zealand Residential Rental market survey shows Nelson rents dropped from $250 in January but were up from August last year when the median was $240. Public submissions are being invited on plans for Nelson-Marlborough’s largest furniture and appliance shop – a Harvey Norman store on St Vincent St in Nelson.
The chain said in May that it would build a 6645 m² store on the Wakatu Incorporation-owned site, and on Saturday the Nelson City Council advertised for submissions on the proposal. The Nelson Market has returned $182,356 to Nelson ratepayers over the past five years, but valuers Telfer Young believe its rent has been too low a newly released report shows.
The property was originally the Trafalgar Park caretaker’s house. Women in Nelson rented it before buying it from the council in 1996, on the understanding that it would be zoned residential. The council agreed to the request. In explanatory information, the council said Women in Nelson did not appear to be aware of the request.
Richmond’s median of $376,000 jumped an impressive $76,000 from July, allowing it to surge ahead of Nelson’s $300,000. MAF team leader Chas Perry told Tasman district councilors yesterday that Nelson-Marlborough’s annual harvest could increase from 2.3 million cubic meters to 3.5 million cubic meters in the next 20 years said Property Valuer Adelaide. The Nelson Marlborough Institute of Technology has released drawings of the plans for its $13.5 million building project on its Nile St campus frontage. Polytechnic management and the project’s architects showed the plans for two new three-story teaching blocks to about 15 people at a public meeting at the Polytechnic yesterday.
In March, Nelson men Rory Standish-White and Rocka Romcke announced their concept plans for the 23-hectare development, which would include hundreds of new berths, designer waterfront homes, an apartment hotel and a floating restaurant. Since then, the pair, who have gone into partnership with a Florida-based marine and environmental consultant, has been trying to draw up a financial viability analysis to attract financial backers.