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

 

Reserve Bank: Wheeler Keeps OCR At 1.75%

Reserve Bank governor Graeme Wheeler kept the official cash rate unchanged at 1.75 percent, as expected, and reiterated his view that the benchmark rate doesn't need shifting for the foreseeable future. More>>

ALSO:

Retail: Pumpkin Patch Brand, IP Sold To Catch Group

The receivers of failed children's clothing retailer Pumpkin Patch have confirmed that the company's brand and intellectual property have been sold to Australian online retailer Catch Group. More>>

ALSO:

Oil: 2017 Block Offer Petroleum Tender Launched

New Zealand is well-placed to take advantage of the economic benefits of oil and gas exploration, Energy and Resources Minister Judith Collins announced today at the launch of the 2017 Block Offer petroleum tender. More>>

ALSO:

OECD And Zero Carbon Reports: Environmental Pressures Rising In New Zealand

New Zealanders enjoy a high environmental quality of life and access to pristine wilderness. However, New Zealand’s growth model, based largely on exploiting natural resources, is starting to show its environmental limits with increasing greenhouse gas emissions and water pollution ... More>>

ALSO:

Statistics: Record Net Annual Migration Levels Continue

In the February 2017 year, 71,300 more migrants arrived in New Zealand than left, Stats NZ said today. This equalled the previous annual record set in January 2017. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news