Archive | North Otago

Full selldown of Albany retail development plus 2 other properties at auction

All 5 units in a new Albany retail development by Wallace Development Co Ltd were sold under the hammer at Colliers’ auction yesterday, along with KFC’s outlet in Oamaru and an office building in the Rosedale precinct at Albany.

The Wallace units, at 287 Oteha Valley Rd and off the slip road through to Albany Village, sold at yields between 4.66-5.25%. 2 other properties that were part of the development, a Z service station owned by Z Energy Ltd and a preschool, are on separate freehold titles.

North-east

Albany

287 Oteha Valley Rd, Albany Unichem Pharmacy:
Features: 200m², 10-year lease term with 3 5-year renewals
Rent: $76,875.74/year net + gst + outgoings, personal guarantee
Outcome: sold for $1.585 million at a 4.85% yield
Agents: Jimmy O’Brien, Mike Ryan, Euan Stratton & Ellie Martin

287 Oteha Valley Rd, Albany Central Dental:
Features: 120m², purpose-built dental fitout
Rent: $49,800/year net + gst + outgoings
Outcome: sold for $1.068 million at a 4.66% yield
Agents: Jimmy O’Brien, Mike Ryan, Euan Stratton & Ellie Martin

287 Oteha Valley Rd, Vivo Hair & Beauty:
Features: 173m², potential to split into 2 tenancies, 9-year lease, personal guarantees
Rent: $89,649/year net + gst + outgoings
Outcome: sold for $1.79 million at a 5% yield
Agents: Jimmy O’Brien, Mike Ryan, Euan Stratton & Ellie Martin

287 Oteha Valley Rd, Core Clinic:
Features: 100m², 6-year lease term, 2 4-year renewals, personal guarantees
Rent: $45,000/year net + gst + outgoings
Outcome: sold for $875,000 at a 5.14% yield
Agents: Jimmy O’Brien, Mike Ryan, Euan Stratton & Ellie Martin

287 Oteha Valley Rd, Balance Kitchen:
Features: 150m² + outdoor area, 10-year lease term, 2 5-year renewals, prime roadfront
Rent: $85,080/year net + gst + outgoings
Outcome: sold for $1.65 million at a 5.25% yield
Agents: Jimmy O’Brien, Mike Ryan, Euan Stratton & Ellie Martin

Rosedale

2 Rothwell Avenue, unit A:
Features: 890m² 2-storey building, 35+ parking spaces, occupied by IMS Health (NZ) Ltd
Rent: $191,950/year net + gst
Outcome: sold for $2.86 million at a 6.7% yield
Agents: Janet Marshall, Ryan de Zwart & Jimmy O’Brien

South Island

North Otago – Oamaru

KFC, 271 Thames St:
Features: 1212m² site, main rentable area 210m², storage 31m², outdoor seating area 13m², new 12-year lease to Restaurant Brands Properties Ltd
Rent: $116,135/year net + gst
Outcome: sold for $1.89 million at a 6.14% yield
Agents: Dean Collins & Charlie Oscroft

Attribution: Auction.

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Environmental Defence Society says it’s defeated cubicle-farming proposals

Published 30 July 2010

The Environmental Defence Society said yesterday it had won a High Court case challenging cubicle dairy farming in the Mackenzie Basin.

 

Society chairman Gary Taylor said the court had quashed resource consents & certificates of compliance issued by Waitaki District Council for 3 large cubicle farming operations on 8555ha in the Mackenzie Country.

 

"Our High Court challenge related to land use consents. Previously, effluent discharge consent applications that had been called in by the Minister for the Environment were withdrawn by the applicants.”

 

The applications were made by Killermont Run Ltd (Daniel, Jane & Michael Thomas, Omarama), Southdown Holdings Ltd (Christopher Flavell, Sydney; Richard Peacocke, Mt Maunganui; & Graeme Wilson, Pukekohe) & Five Rivers Ltd (Cornelius Zeestraten, Amberley). The consents involved housing 17,850 dairy cows in large sheds around the clock from March-October and for 12 hours/day for the rest of the year. Up to 1.1 million litres of effluent could be discharged to pasture daily. The cows would be kept in stalls, fed in the sheds and milked robotically.

 

Mr Taylor said after the decision: "Our concerns were primarily at the effects of the proposal on the fragile & unique tussock grasslands & landscapes of the Mackenzie Country. We do not believe that the future of this iconic part of New Zealand should be decided by individual resource consent applications.

 

"Clearly there has been a failure of public policy at all levels. The Government has failed to provide national guidance, the regional council has failed to identify nationally important landscapes, and the 2 district councils have failed to develop coherent & effective district plans.

 

"There is now a real window of opportunity to prepare a long-term strategic plan for the area. In our view, that should be led by the local community but both Environment Canterbury & the Ministry for the Environment should be involved. It needs to look at the landscape, natural values and social & economic development options for the Mackenzie Country over the next 25 or more years.

 

"The Environmental Defence Society remains willing to work with the authorities to secure an agreed way forward for the Mackenzie Country. However, if decisions impacting on it continue to be made in an ad hoc way, then we will continue to be vigilant."

 

Earlier stories:

22 March 2010: Cubicle farming effluent consent applications withdrawn, but opponent says proposal still proceeding

29 January 2010: Mackenzie Basin intensive-farming issues go to board of inquiry, but some aspects already before councils

 

Want to comment? Go to the forum.

 

Attribution: Society release, story written by Bob Dey for the Bob Dey Property Report.

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Cubicle farming effluent consent applications withdrawn, but opponent says proposal still proceeding

Published 22 March 2010

 

Southdown Holdings Ltd, Williamson Holdings Ltd & Five Rivers Ltd said on Friday they were withdrawing their applications for effluent discharge consents for largescale cubicle farming proposals in the Mackenzie Basin.

 

But Environmental Defence Society chairman Gary Taylor responded: "The applicants confirmed that they intend to continue with the proposals. All that has happened is that they have abandoned their effluent discharge consents, which apparently they will revisit sometime over the next couple of years.

 

“There is no indication that they intend to surrender the land use consents which they obtained from Waitaki District Council. Those consents & the related certificates of compliance cover the land use change & buildings required for intensive cubicle dairy farming.

 

“The Environmental Defence Society is of the view that these approvals were granted unlawfully. Accordingly, the society will continue with its High Court challenge of those approvals. We are still awaiting a formal response from the district council and from the applicants to our statement of claim.

 

"Contrary to some media reports, the cubicle farming proposals are continuing, albeit on a slower track.”

 

Earlier story:

29 January 2010: Mackenzie Basin intensive-farming issues go to board of inquiry, but some aspects already before councils

 

Want to comment? Go to the forum.

 

Attribution: Company release, story written by Bob Dey for the Bob Dey Property Report.

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Mackenzie Basin intensive-farming issues go to board of inquiry, but some aspects already before councils

Published 29 January 2010

Environment Minister Nick Smith has called in 3 large dairy effluent discharge consent applications for proposed intensive farm operations in the Mackenzie Basin and established a board of inquiry to decide on them.

 

Dr Smith said on Wednesday: "I have called in these discharge consents as they are nationally significant due to their scale, the fragile & iconic nature of the Mackenzie Basin environment, the importance of freshwater quality to the Government and the high level of public interest.

 

"The effluent from these intensive farms is equivalent to a city of 250,000 people and raises quite legitimate questions over the long-term impacts on the water quality in the Mackenzie Basin.”

 

The consent applications are from Southdown Holdings Ltd (Christopher Flavell, Sydney; Richard Peacocke, Mt Maunganui; & Graeme Wilson, Pukekohe), Williamson Holdings Ltd (Mr Flavell, Mr Peacocke & John Peacocke, Sydney) & Five Rivers Ltd (Cornelius Zeestraten, Amberley).

 

They involve nearly 18,000 cows being housed 8 months/year on farms totalling 8555ha, holding ponds totalling 77 million litres and discharges of 1.74 million litres of effluent/day.

 

Dr Smith said: "This call-in decision has been complicated by the fact that it has had to be considered without the recent amendments to the Resource Management Act. The animal welfare issues fall outside the jurisdiction of the RMA and the associated water-take consents cannot be called in as they date back to 2004.

 

"The board of inquiry I have appointed to decide these consents will be chaired by Christchurch-based Environment Court judge Jane Borthwick and includes members Michael Bowden (water engineer), Dr Jim Cooke (scientist), Edward Ellison (Ngai Tahu) & Professor David Hamilton (lake ecologist, Waikato University). I have deliberately chosen board members with first-class expertise on water quality issues and 3 who are also serving as commissioners on related water-take consents to ensure appropriate continuity of the decision-making process.

 

"This call-in decision reflects the Government’s policy of providing stronger national leadership on resource management & water quality issues. This process will enable the most robust decision possible for these contentious consents."

The specific consents being called in are:

 

Five Rivers’ applications for resource consents from Environment Canterbury for activities associated with dairy farms at Ohau Downs, Lake Ohau Rd, OmaramaSouthdown Holdings’ applications for activities associated with dairy farms at Glen Eyre Downs, Quailburn Rd, Omarama, andWilliamson Holdings’ applications for activities associated with dairy farms at Killermont Station.

 

All involve effluent discharge permits & permits to discharge contaminants to the air; and land use consents to store dairy effluent in ponds, to create a stockholding pad (the cubicle stables for the cows) and to excavate land to create effluent storage ponds.

 

The board of inquiry can commission reports and will establish the process for hearing public submissions.

 

Waitaki District Council has already issued land use consents for the intensive farming and Environment Canterbury has already begun hearings on the water takes. Dr Smith said these couldn’t be called in to allow the projects to be considered as a whole.

 

Because the resource consent applications were lodged before the 2009 amendments to the Resource Management Act came into force, the current 9-month timeframe for a board of inquiry to reach a decision doesn’t apply. The duration of the hearing will depend on the number & nature of submissions.

 

Following the hearing, the board of inquiry will issue a draft decision. Councils, submitters, the applicant & the minister then have an opportunity to comment before the board makes its final decision.

 

Animal welfare issues won’t be considered by the board, but Dr Smith said the National Animal Welfare Advisory Committee would shortly issue the Animal Welfare (Dairy Cattle) Code of Welfare, establishing the minimum standards for the welfare of dairy cattle, including provisions relating to housing.

 

The water-take applications (see the irrigation link below) explain what the farming proposal is about, including benefits the applicants see for farms which are in a poor state.

 

Links: Minister calls in consents, releaseIrrigation application

 

Want to comment? Go to the forum.

 

Attribution: Ministerial release, story written by Bob Dey for the Bob Dey Property Report.

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