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2895 days ago

Mandeville Shops

Andrew from Swannanoa - Ohoka

There still seems to be a belief out there that the Mandeville Shops project is a real thing. Here are some things that you might not be aware of.

The resource consent is ‘non-notified’ and ‘non-binding’. This means we do not get to discuss it and it does not have to be built. So, why wouldn’t it be built?

Excluding petrol
If all 500 homes in the local area spent $50 per week there it’ll make a loss. If we all spent $100 per week it’ll breakeven. If we all spent $200 per week it might make enough profit to re-pay for the cost of the land, buildings, fixtures and fittings etc, over a few years ($5M approx.). But my home is only good for $50 per week and it is rather hopeful to think that all 500 local homes are actually going to shop there anyway. See attached for an estimated weekly profit/loss statement.

The plan that has been submitted has many issues with it, such that it’ll not get a building consent as it currently stands. These issues are ‘out of scope’ for the resource consent process. The issues identified include water, sewage, traffic works, electricity and storm water runoff to name a few. Why come this far with such a flawed plan?

The only thing that is financially viable is the un-manned petrol pump – this is do-able. That leaves a lot of spare room left over - on a property designed to cater for the movement of (loud) Trucks! Now look around at what’s going on in the broader area. I’ll leave it up to you to fast forward and imagine what it’ll all look like in a few years.

A compelling theory is that the property (with a brand new resource consent attached) will soon go on the market – netting a nice little profit. Who will be the next owner – and what will they want to do with it?

"Manexit" : Mandeville's little Brexit - but, with out the vote

Financial.docx Download View

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