The equation here is quite simple and value is almost guaranteed by our owners' situation. Their time here is drawing to a close and so the Cust Hotel, a well loved local watering hole and the substantial parcel of land it sits on, are to be sold by auction - as is where is!
What you need to know:
• Continue the business or head in another direction - there is no obligation from the current owners and the choice is yours
• 4238m2 of Residential 3 zoned land with subdivision potential
• Substantial improvements including the pub/hotel/living quarters and further sheds
• Massive off street parking
• Huge potential to add value
• Multiple income opportunities
• Well known and strategically positioned on State Highway 72
Whether you are a developer, investor, entrepreneur or just an average Joe like the rest of us, this can't help but be of interest, and all indications are, the value here could shock! There will be no second chances and we can't emphasise enough - this must be sold! Enquire today for more information!
Please be aware that this information may have been sourced from RPNZ/Property Smarts/Land Information New Zealand/Christchurch City Council/CERA and we have not been able to verify the accuracy of the same.
Auction: 4pm, Thursday 10 April 2025, Ray White Rangiora, Level 1, 188 High Street, Rangiora (unless sold prior).
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
1.87 km | 0m2 | Year 2025 Month 01 Day 21 | $382,000 | Council approved | ||||
 | 3.41 km | 4 | 2 | 253m2 | Year 2024 Month 11 Day 29 | - | Council approved | |
 | 2.12 km | 2 | 1 | 85m2 | Year 2024 Month 11 Day 12 | $910,000 | Council approved | |
 | 0.11 km | 0m2 | Year 2024 Month 10 Day 11 | $325,000 | Council approved | |||
4.11 km | 3 | 280m2 | Year 2024 Month 10 Day 02 | $1,155,000 | Council approved |
