‘Not a particularly shocking cost’

• Published date: 18 April 2024
• Publication title: Mountain Scene

‘‘[That] is what we endeavour to achieve in all our community-based leases.’’

He clarifies the terms of the Perky’s lease are the tenant pays whichever is higher — a minimum base rental of $20,000 or 7.5% of their turnover.

‘‘The lease probably reflects the amount of money they’re actually making, and the community gets the return on that.’’

Told Hydro Attack co-owner Lee Exell believes council’s rental makes it the country’s dearest wharf, Theelen says ‘‘this possibly also reflects how popular having a wharf space in Queenstown is’’.

‘‘I can’t tell you whether it’s more or less expensive than [Auckland]’’ — however, he points out council’s in planning dispute with Hydro Attack over the latter’s plan for a new...