Pensioner housing
The draf 10-Year Plan included a proposal to
sell our pensioner housing stock. We own 395
pensioner housing units, split among 24 complexes
across the city.
These complexes are occupied by people who are
aged 60 or over and who meet eligibility criteria.
The Council has decided to sell three lower
standard pensioner housing complexes on the open
market (River Rd, Johnson St and ascot Reid Ryan).
The Council wants to achieve a good fnancial
return for the city from these sales, but will weigh
this up against any ofers from buyers who wish to
contnue providing social housing at these sites.
We will retain ownership of the 21 remaining
pensioner housing complexes and the proceeds
from the sale of the three lower standard
complexes will go towards looking afer this
remaining stock.
We will also be talking with community
organisatons about how we can best work
together on providing this service in the future.
These propertes and investments are likely to
be sold subject to certain conditons and an
acceptable sale price:
Garden Place carpark
•
Council’s share of Novotel and Ibis hotels
•
Council’s share in Waikato Innovaton Park
•
These strategic sites may be sold depending on
development proposals:
Land behind artsPost
•
Commercial propertes on brooklyn Rd
•
Sonning carpark
•
victoria on the River site
•
We may also sell a number of municpal and domain
endowment propertes. However, the income
generated by these sales must legally be reinvested
in other propertes.
We have already approved for sale:
eight lots of surplus land from roading projects.
•
Three pensioner housing complexes that are no
•
longer suitable for elderly tenants.
The YMCa and neighbouring sites in Pembroke
•
Street, which will be sold on the open market
to a buyer who will contnue to use them for
recreatonal and related purposes.
160,000
liBrAry
BooKs
Every month
are checked
out from the
city’s libraries.
2 0 1 2 - 2 2 1 0 - y E a r p l a n
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