TDC in talks to buy Mapua property

Last updated 13:00 23/12/2013

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The Tasman District Council is negotiating to buy the building housing three of Mapua Wharf's popular tourist attractions.

The Golden Bear building houses the Golden Bear Brewery, Hamish's Ice Cream and the Cool Change gallery. The council owns the land and has previously subleased the space to the current building's owner, Don and Carol Yelverton of Mapua Holdings Ltd.

The pair in turn leased the space to the three tenants, with the controlling interest for the structure held by Golden Bear owner Jim Matranga.

Council chief executive Lindsay McKenzie said there was provision in the lease for the council to exercise its right to buy and the council had authorised him to do that.

As part of the agreement the council was also hoping to obtain the lease on the adjacent toilets.

The council had set an upper limit for the purchase, and once the agreement was completed the purchase would be made public, he said.

Buying the building would allow the three tenants security of tenure.

The move would would let council maintain access to the amenities and cater for the community in future developments in the Mapua Wharf precinct.

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- © Fairfax NZ News

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