New Plymouth ratepayers could pay Catholic Church nearly $2m for land council has rented for $1 a year since 1984

New Plymouth ratepayers might have to pay the Catholic Church nearly $2 million for a Bell Block section for which they have paid just $37 in rent since 1984.

The Wynyard St section, which is occupied by pensioners in nine separate flats and has been independently valued at $1.95 million, has been rented by the New Plymouth District Council for just $1 annually since the church signed a 40-year lease in 1984.

With the lease about to expire, the council approached the church about the land’s future.

Instead of carrying on the lease for the council-built flats, the church offered a land swap – Wynyard St for the Powderham St car park opposite its New Plymouth cathedral – with $250,000 added on. Read more

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News category: New Zealand, News Shorts.

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