Napier’s 377 council-owned homes may yet be sold off - just two years after a decision to keep them was made. Napier City Council released a statement on.
Hamilton buildings worth 36 per cent less than council purchase price, latest valuation shows
23 Feb, 2021 05:44 AM
4 minutes to read
A recent independent market valuation of the three council-owned Victoria St buildings shows Hamilton City Council paid too much for them. Photo / Nikki Preston
Herald reporter based in HamiltonNikki.Preston@nzme.co.nz
Hamilton City Council s controversial inner-city Victoria St buildings are now worth $2.37 million less than the $6.49m ratepayers forked out for them almost three years ago.
The latest independent market valuation of the properties between 242-266 Victoria St put the total value of the buildings at $4.12m, according to reports released to the Herald under the Local Government Official Information and Meetings Act.