A prime block of inner city land currently partly used as a carpark has been bought by Whangārei District Council for $5 million.
The council says the two significant land purchases will contribute to a more vibrant city centre and waterfront, and put ratepayers in a good position to manage a large increase in visitors when the Hundertwasser Art Centre is completed.
The blocks of land are between John and James Sts, across the road from the site of the new Town Basin park and the Hundertwasser Art Centre with Wairau Māori Art Gallery development, and the carpark at 45 James St, which will ensure the council has control of more parking spaces in the area.
Previous owners of the 62-72 James St and 57–71 John St block, Neil Properties Limited, gave the council first right of refusal on the properties, which would otherwise have been sold on the open market.
The council approved the $5m purchase of 62-72 James St and 57–71 John St at its February meeting and settlement was completed at the end of March. Rateable value for the sites was a combined $4.96m.