Friday April 8, 2016
inbrief Aquaculture future
A1 Drycleaners and Jack’s Backpackers site land and buildings for sale.
The Presbyterian Support Upper SI will move into these premises at Alfred Street once renovations are complete.
Buildings sell faster and new tenants found Story and photos by Les Whiteside The commercial building market in Blenheim has been very active in the past month or two with widespread enquiries. “Probably the best for seven years,” says Grant Baxter from Bayleys Real Estate. This week a second building on Main St was auctioned. The building of Dominos and NZ Home Loans was sold this week for $794,000.00 to a Nelson bidder. With the Burger King building selling two weeks ago for a six per cent cap rate, this weeks sale was a similar cap rate of six and a half per cent. Twelve months ago cap rates were in the eight per cent vicinity, but with low interest rates and deposit rates investors are grabbing sight unseen proper-
About 60 people in the aquaculture industry have met in Blenheim to consider forming a ‘smart&connected’ industry group. Security of tenure, innovation, and a lack of useful information are the industry’s top issues, and another meeting is to be held in a fortnight’s time to form a group to develop a strategy to boost the industry in the top of the South Island.
Internet outage Marlborough internet users were among the thousands of South Islanders affected by damage to a fibre cable in north Canterbury. A fibre had been cut near Kaiapoi, just north of Christchurch, affecting some broadband customers on Thursday, a Spark spokeswoman says.
Lottery grants committee
Grant Baxter. ties showing cap rates above six per cent. “In the North Island cities like Auckland and Tauranga have seen cap rates in the mid three’s, which is unheard of says Grant. The Former Corys Electrical site on the corner of 29 Main St and Opawa St was sold recently without a tenant, close to eight per cent based on previous rents. The buyer is a local investor and Grant already has interest from prospective tenants.
Internal Affair Minister Peter Dunne has appointed Larry Ching and reappointed Alison McAlpine, Viveyan TuhimataWeke, and Michael Pugh to the Lottery West Coast/Nelson-Marlborough Community Committee. Lottery Distribution Committees make grants for community purposes, using money allocated by the Lottery Grants Board from the profits of New Zealand lotteries.
Picton Cinemas Daily Thurs 7 March to Wed 13 April
Hunt for the Wilderpeople (PG) new
10am 1.30pm 5.45pm 7.30pm
My Big Fat Greek Wedding 2 (PG) new
11.45am 2pm 5.30pm 7.30pm
Florence and the Uffizi Gallery (E) new
Exhibition on Screen - Matisse (E)
Batman v Superman: Dawn of Justice (M)
A Nelson investor bought the Domino’s site on Main Street.
Currently on the market is the A1 Drycleaners and Jack’s Backpackers site. Grant Baxter told the Sun the site is for sale at
$850,000.00. A new tenant has signed up for 14-22 Alfred St next to Mark Foley’s Skin Clinic.
The Presbyterian Support Upper South Island will move in soon once renovations have been completed.
BOATING MADE EASY
Kung Fu Panda 3 (PG) 3.45pm Brooklyn (M) 11.30am 7.15pm London Has Fallen (R16) 12.15pm $10 Tuesday for Locals @ EcoWorld Picton Aquarium P: 573 6030 | www.pictoncinemas.co.nz
SafEty EquiPmEnt watER SkiS kayakS & PaddLE bOaRdS OutbOaRd EnginES EnginE OiLS & LubRicantS EnginE SERvicing watER tOyS chandLERy wakEbOaRdS knEEbOaRdS
1410 EXPLORER fROm $14,995
1850 SuPERcab fROm $61,500 1410 fiShER fROm $22,395
1410 fROntiER fROm $19,995
1600 fiShER fROm $42,900
1650 fiShER fROm $39,400
1850 fiShER fROm $47,900
NOTE: Some images may show options not included in the price
701 StAtE HIGHwAy 1 KOROMIKO RD3 BLENHEIM 7273 03 573 7736 www.marlboroughmarine.co.nz
72 GROVE ROAD, BLENHEIM 7201 03 578 0569 mwcraft.co.nz
The Blenheim Sun 08-04-16