NZ Post building sold
The NZ Post building in central Porirua has been sold to a developer and will be turned into apartments.
Porirua City Council growth and partnerships general manager Bryan Patchett said a conditional sale and purchase agreement has been signed.
‘‘It is subject to conditions so it won’t be finalised for a further three months.’’
Along with earthquake strengthening, there was the task of removing a minor amount of asbestos, Patchett said.
The council bought the fourstorey, 350-square-metre building for $580,000 in late 2014.
The capital value in August 2013 was $2.875 million, but during the 2013-14 financial year it dropped to $1.1m.
NZ Post faced criticism for moving Porirua’s main post office from the city centre to the MegaCentre in late 2012. At the time, a NZ Post spokesperson said the move was based ‘‘purely on our own internal policy’’.
The building did not meet NZ Post’s requirement of 66 per cent of the building code.
Porirua residents were peering in the glass windows for months after it closed and vented on social media and through letters to Kapi-Mana News about the inconvenience of the MegaCentre post office.
Porirua’s NZ Post building, which has been sold by owners Porirua City Council to a developer.