Nestled on a spacious 2061 sqm section at 95 Main Road, Pleasant Point, Timaru, this iconic rural hotel boasts a freehold title. Constructed with durable brick walls and an iron roof, the property presents an average condition both externally and under the roof. It offers a generous floor area of 380 sqm, with a single carpark, and a range of amenities including a bottle store, bar, restaurant, and guest accommodations. The property has shown a consistent net income average over the past 6 years, with a notable turnover from its various entertainment facilities.
As per the latest government valuation, the capital value stands at $590,000, reflecting a 15.7% decrease from the previous valuation of $700,000. However, the HouGarden AVM estimates a higher value of $670,000. The property's recent sale history includes a transaction in 2024 for $525,000 and another in 2014 for $615,000. Despite the fluctuation, the property remains a solid investment opportunity.
For families, the property falls within the catchment area of several reputable schools. These include Pleasant Point Primary School, a full primary with a decile rating of 8, St Joseph's School (Temuka) with a decile rating of 6, Opihi College for years 9-15 with a decile rating of 5, Craighead Diocesan School with a decile rating of 9, and Roncalli College with a decile rating of 7. This makes it an ideal choice for those considering a property in a prime school zone.
Updated on April 11, 2024
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Pleasant Point Primary School | 0.41 km | Primary | 1-8 | Government | Co-Educational | EQI: 442 | 8 | |
St Joseph's School (Temuka) | 12.56 km | Primary | 1-8 | Government | Co-Educational | EQI: 442 | 6 | |
Opihi College | 13.34 km | Secondary | 7-15 | Government | Co-Educational | EQI: 496 | 5 | |
Craighead Diocesan School | 16.21 km | Secondary | 7-15 | Government | Single Sex-Girls | EQI: 405 | 9 | |
Roncalli College | 18.41 km | Secondary | 9-15 | Government | Co-Educational | EQI: 447 | 7 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.86 km | 3 | 1 | 130m2 | Year 2024 Month 04 Day 08 | $480,000 | Council approved | |
13.89 km | 3 | 134m2 | Year 2024 Month 03 Day 27 | $400,000 | Council approved | |||
 | 5.28 km | 3 | 2 | 172m2 | Year 2024 Month 02 Day 29 | $940,000 | Council approved | |
1.20 km | 3 | 1 | 84m2 | Year 2024 Month 02 Day 27 | $420,000 | Council approved | ||
 | 4.18 km | 3 | 172m2 | Year 2023 Month 12 Day 19 | $940,000 | Council approved |