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

 


Lawn bowls strikes gold in land sale

Lawn bowls strikes gold in land sale

Rawhiti Bowling Club in the heart of the Auckland suburb of Remuera has been sold by tender to an investment company with plans to develop an upmarket retirement village on the site.

In an email letter to Rawhiti Bowling Club members this week, club president Rod College has announced the sale of the club for $8.1 million to New Zealand company BeGroup Ltd.

One of BeGroup’s directors and chief executive officer is Remuera resident Guy Eady who has worked in the retirement industry for the past 25 years, and has served on the boards of healthcare services provider Oceania Group, aged care provider Metlifecare, the New Zealand Aged Care Association, and the Retirement Villages Association.

Mr College described the sale price as “outstanding”. Proceeds from the sale will go to support the sport of bowls in Auckland. Many of the club’s chattels - including the outdoor benches and drinking fountains - are being donated to other bowling clubs.

“Selling up was the right thing to do. The club had a great run for 100 years, but the reality is that our membership has been declining since the 1990s. In the best interest of the sport, it is better to bolster the membership numbers at other nearby clubs,” he said.

The 5954sqm property, on a corner block of Rangitoto Ave, Rakau Street and Ara Street, has current Auckland Council resource consent for up to nine dwellings, and is surrounded by some of the country’s finest real estate. Mr Eady has a strong affiliation with the suburb - growing up just a few hundred metres away from Rawhiti Bowling Club in Ranui Road.

Mr Eady said BeGroup’s vision for the site was to develop high quality dwellings allowing retirees - many of whom he expected would come from within the greater Remuera vicinity - to live in homes more suited to their personal needs and changing life circumstances.

“BeGroup is developing a network of affordable and modern retirement villages with a full range of care options – placing particular emphasis on building strong ties to the local community and helping residents enjoy life to the fullest possible extent,” he said.

“The bowling club site provides us with an excellent opportunity for building those ties through a strong sense of community in this part of Remuera.”

Bayleys Remuera salesperson David Rainbow, who negotiated the sale, said the land offering had attracted an unprecedented amount of interest – with some 23 tenders received.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Women's Affairs: Government Accepts Recommendations On Pay Equity

The Government will update the Equal Pay Act and amend the Employment Relations Act to implement recommendations of the Joint Working Group on Pay Equity. More>>

ALSO:

Immigration: Increase In Seasonal Workers For RSE

The current cap will be increased by 1,000 from 9,500 to 10,500 RSE workers for the 2016-17 season. Mr Woodhouse says the horticulture and viticulture industry is New Zealand’s fourth largest export industry, producing almost $5 billion in exports. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news