Whakatāne District Council has bought the property at 144 The Strand in a move to revitalise the central business district.

The Arawa building is next door to the pedestrian plaza, Wharaurangi, where two buildings were demolished by the council in 2014.

Council announced yesterday that it had purchased the property.

Strategic property manager Vanessa Fergusson said the purchase had been settled on April 3 though the council had only recently taken possession.

The building has recently been occupied by First Credit Union, which has now moved to new premises at 4 Commerce Street.

The council paid $440,000 for the 540-square metre site.

This is less than half its rating valuation of $1 million.

Ms Fergusson said the council engaged an independent valuer to assess the market value for the building and this was how the purchase price was determined.

“This is the council’s usual approach to establish purchase price of property.”

The purchase was loan funded, with the repayments being met through the harbour fund.

Ms Fergusson said this meant the purchase would have no impact on rates.

“The long term vision of the site is for it to be opened into Wharaurangi, which is a connector between The Strand and the carpark, then the river promenade area. The intent is to create more activity and amenity on Wharaurangi and increase the vibrancy of this area.

“Options for the redevelopment of the site will be bought to Council for a decision on how best to redevelop this site.”

In the short term, the council will use the site to relocate the Whakatāne isite Visitor Information Centre while Bay of Plenty Regional Council undertakes necessary upgrades to the floodwall around the current isite. This is due to happen in late September.

Additionally, the council is exploring opportunities for short-term tenancies to occupy parts of the 334sqm building not required by the isite.

“This interim use of the space aims to maximise the utility of the property and support local businesses,” Ms Fergusson said.
“Looking ahead, the council intends to undertake earthquake strengthening works on the building to ensure its safety and resilience. Following these upgrades, the building will be re-tenanted, aligning with our long-term vision for the site's redevelopment. Council staff are also investigating various redevelopment options, which will be presented to the council for consideration soon.
“This strategic purchase and the planned relocation of the isite not only ensure continuous visitor services but also set the stage for future improvements and the eventual transformation of the area.
“The council's proactive approach highlights its commitment to enhancing the vibrancy and economic vitality of the CBD, providing both immediate and sustained benefits to the community.”

Background

According to a Whakatāne Built Heritage Study completed by Matthew & Matthew Architects in 2007, the Arawa building at 144 The Strand was built in 1937 as new land was made available through reclamation of what had been a tidal mudflat and swamp.

Originally built for J Murray & Thomas, by building contractors Boon, Sullivan & Luke, it was occupied by Pattersons Home Furnishers in 1959.

Previous to 1976 it was a Hannahs shoe shop, then Clarke Electricians occupied it until 1980, then ANZ bank from 1981 to 1995, before becoming home to Eastern Bay Credit Union in 1997.

LDR is local body journalism co-funded by RNZ and NZ On Air.