Going, Going, Gone!! – South City Mall Sold.

May 18, 2016
756 Views

Screenshot 2016-05-18 20.56.15

South City Mall is coming back into local ownership.

The property was sold at auction last night in a $1.8 million deal

Auctioneer Sean Bellew confirmed to whatsoninvers that the purchaser is a Southlander but wants to remain anonymous.

Sean Bellew says the buyer is not going to sit back and rest on his laurels but wants to get cracking and redevelop the mall.

He says that will start with a maintenance programme when the buyer takes over on July 1st.

Sean Bellew says that will assist in making the mall attractive again for businesses.

He says the purchaser sees real strength returning to South Invercargill. This largely brought about by the rejuvenation programme and first home buyers using their Kiwi Saver funds to buy their first home’s in the area.

Mr Bellew says Kiwi Saver is making a big difference for first home buyers to complete their right of passage to owning their own homes.

He says absentee landlords are moving out of the market and locals are moving back in.

The property was co-marketed by Trevor Thayer for MacPherson Realty Professionals Ltd.

You may be interested

Nuggety Love at the Musos Club
Gig Guide, News
111 views
Gig Guide, News
111 views

Nuggety Love at the Musos Club

Entertainment - Sep 21, 2019

In 2009 Left or Right unleashed their debut five-song album “Nuggety” upon an unsuspecting Southland populace at Saints and Sinners.…

Arrest Following Invercargill Aggravated Robberies
News
2129 views
News
2129 views

Arrest Following Invercargill Aggravated Robberies

News Desk - Sep 21, 2019

Invercargill Police have arrested a man in relation to two aggravated robberies at the BP Elles Road service station on…

Funeral Notices – Saturday 21st September
Funeral Notices
1378 views
Funeral Notices
1378 views

Funeral Notices – Saturday 21st September

Notices - Sep 21, 2019

If you would like your lost loved one's  death / funeral  notice or memoriam listed here, contact your funeral director for more…