Rates Relief for Heritage Building

Dunedin (Tuesday, 14 December) - The Dunedin City Council has approved 50% rates relief for the re-use of the fire-damaged heritage building at 5 Jetty Street.

The building, built in 1879, and designed by renowned Dunedin architect Nathanial Young Armstrong Wales, was extensively damaged by fire in March 2008 and has remained empty since.

Cr Syd Brown, Chairman of the Finance, Strategy and Development Committee, says the successful application by new owner Purvis Investments Ltd for rates relief reflects the Council’s strategy to preserve the North Princes Street/Moray Place/Exchange townscape precinct.

It is the latest in a series of rates relief grants in the area to projects re-using heritage buildings. These include the former BNZ building, 19 Bond Street, the former Rogan McIndoe building and the former National Mortgage Agency Company building.

Along with assistance from the Dunedin Heritage Fund, the grants are assisting both the viability of such projects, and the gathering momentum for the rejuvenation of the area.

Purvis Investments plans to redevelop 5 Jetty Street and is in the process of applying for appropriate consents. The approved rates relief grant is valued at $1776.27 over three years.

ENDS

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