Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Rural Kiwi Community Halls Could Be Next Big Thing

NEWS RELEASE

Harcourts Te Awamutu Speculates Rural ‘Kiwi’ Community Halls Could Be ‘Next Big Thing’

For Release: 15 November 2006

After 43 spirited auction bids on Saturday, the little used Puketotara/Ngutunui Community Hall (just south of Pirongia, near Te Awamutu) went to a new owner with a long appreciation of the building and keen to convert it to a private residence.

With just one booking in the last year, the Puketotara/Ngutunui Committee discovered their local hall was not being used enough to justify ongoing maintenance costs, and reluctantly decided to sell. Harcourts Te Awamutu Sales Consultant Don Pinny was invited by the committee to discuss the best way to market the property, at which point the high profile auction process was decided upon.

Manager of Harcourts Te Awamutu, Kathy Elliott said the four week marketing campaign resulted in “huge interest with most buying enquiry from Auckland, Tauranga and local people who appreciated the opportunity to convert it to a residence”. The hall’s farewell public function was the onsite auction run by Harcourts Te Awamutu Business Owner and Auctioneer, Ken McGrath on Saturday 11 November to “packed-out” local attendance.

Ms Elliott said, “The opening bid was very quickly followed by a ‘bidding war’ and 43 bids later, the property was sold for $162,500 to a Cambridge buyer who has frequently used the hall parking as a place to stop for lunch when he was in the area on business.” She added that the committee was “thrilled” with the outcome.

Built of native timber in 1932 by settlers of the district, the traditional ‘Kiwi country hall’ has a floor area of around 230sqm including glossy native Matai flooring, high stud ceilings, kitchen, stage, supper area and two toilets. The hall is on three titles comprising of 6,437sqm of land with panoramic mountain and rural farmland views. Its convenient location between Otorohanga, Pirongia and Te Awamutu townships as well as being on the main route to Kawhia Harbour, provided for a wide range of possibilities.

Ms Elliott speculated that based on feedback, there could be a number of little used rural halls around the country with high ongoing maintenance costs which could easily be converted as ‘the next big thing’ in rural lifestyle homes.

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Voluntary Administration: Renaissance Brewing Up For Sale

Renaissance Brewing, the first local company to raise capital through equity crowdfunding, is up for sale after cash flow woes and product management issues led to the appointment of voluntary administrators. More>>

Elsewhere:

Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:

Media Mega Merger: Full Steam Ahead For Appeal

New Zealand's two largest news publishers have confirmed they are committed to pursuing their appeal against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>