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Westhaven Marina Lease Expiry?

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56 minutes ago, Plankware said:

A bunch of leases expire in 2026, 2029. And there are lots berths for sale.  

What happens when those leases expire?  Rent or re-lease

Does anyone know?

No one knows for certain. 

The general expectation in the community, is that these will become part of the rental pool.

However, until council actually publish a formal position, this is just an educated guess.  Some would say a very probable/likely guess. 

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2 years ago the rumour was that there would be no more leases - only rentals.

At last night's WMUA meeting the rumour was that Panuku needs more money so would be offering 13 year leases to current berthholders.

But nothing has been decided.


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