“The net cost to council will be much less than this as the part of the land and buildings not required by council will be sold. “The car park is being subdivided from the remainder of the properties which will be sold, with the car park being retained by council. “The car park is considered a strategic asset as it provides public parking for the Temuka CBD.” The building at 91 King St in Temuka is listed as being earthquake prone, with an assessment revealing it is less than 34 per cent of New Building Standard.
JOHN BISSET/Stuff
The car park area in Temuka that the Timaru District Council has purchased.
JOHN BISSET/Stuff
Buildings on Stafford St owned by the Timaru District Council from the Theatre Royal, left, to the property containing the Royal Garden Chinese Restaurant.
The Timaru District Council has extended its property holdings along Stafford St with the $440,000 purchase of the building containing the Royal Garden Restaurant. The purchase of 134-138 Stafford St is in line with council’s moves to create a Heritage Precinct as it begins a multi-million dollar upgrade of the Theatre Royal that will also see the South Canterbury Museum relocated to the area. Council now owns a sizeable proportion of the lower end of Stafford St but at this stage has no definitive plans for the site, with group manager for commercial and strategy, Donna Cross, saying “there are a number of options for the property .