Press Release – Bayleys Realty Group 15 Princes Street, Paeroa. The land and totally refurbished building which previously housed one of the biggest full-service medical centres in the Waikato have been placed on the market for sale as a broader healthcare amenity. The premises formerly known …
15 Princes Street, Paeroa.
The land and totally refurbished building which previously housed one of the biggest full-service medical centres in the Waikato have been placed on the market for sale as a broader healthcare amenity.
The premises formerly known as the Paeroa Medical centre is centrally located at 15 Princes Street in Paeroa – one block back from the town’s central business district. When operating under its previous format, the building encompassed amenities let by the likes of the Waikato District Health Board, a doctors’ surgery, dentistry rooms, pharmacy laboratory, community, and mental health services – servicing both the local town and wider North Waikato com
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Plimmer Emporium, built in 1917, was initially the Rutland Private Hotel. It was also once home to nightclub Slack Alice, restaurant Toad Hall and record store Chelsea Records. In 1997, it became a combination commercial and residential building designed by architect Roger Walker. For the past 30 years, two units now up for sale have been owned by Joanne Watson, who has run Urban Sanctuary, a beauty therapy and day spa, from the site.
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The first floor is a 90sqm apartment. Watson no longer wishes to be a landlord, so is selling the units and moving her business to another site nearby.
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A $100m upgrade of Wellington’s Wakefield Hospital in Newtown is costing the owner, Vital Healthcare, much more than expected.
Construction costs in have gotten so high that one company is considering contracting services out to Australia. Aaron Hockly, chief executive of NZX-listed Vital Healthcare, oversees 42 healthcare investment properties in Australia and New Zealand, including Wakefield Hospital in Wellington. The hospital is going through a $98 million upgrade, but cost blowouts have pushed the budget out to $114m. It would have cost $130m if the plans had not been trimmed, which is pretty extraordinary, Hockly says.
READ MORE: The costs are going up much faster than in Australia. That s been the case for a couple of years now, to the point where people are getting so frustrated that they re thinking of bringing Australians across.