9 Tavern Drive, Greta Valley, Hurunui

Nestled in the serene Greta Valley, 9 Tavern Drive presents a compelling freehold property opportunity. Constructed in 1978 with robust concrete walls and iron roofing, this commercial gem exudes a sense of solid reliability, matched by its good wall and roof conditions. Spanning a vast land area of 1.1504ha and a generous floor space of 660m2, the property boasts ample parking for 6 cars, making it an ideal establishment for the thriving local community. The property, known as the Greta Valley Restaurant & Bar, is not just a culinary hotspot but a hub for social gatherings, with facilities often utilized by the local rugby club and farming community. Its strategic location offers easy access to fishing, diving, and golf, further enhancing its value.

As per the property’s financials, the capital value has seen a remarkable increase of 35.48% from $465,000 in September 2019 to $630,000 in July 2022. The HouGarden AVM estimates the property at $577,500, while the latest sales records from October 2021 and 2024 indicate a strong market presence with sales prices of $700,000 and $663,000 respectively. This upward trend in value is a testament to the property’s potential as a sound investment.

For families with children, the property falls within the catchment area of the well-regarded Rangiora New Life School, rated at a decile of 9, and the Christchurch Adventist School, rated at a decile of 5. This ensures access to quality education while enjoying the tranquility of the Greta Valley, a community where relaxation comes naturally and the Motunau Beach’s coastal charm beckons.

Updated on December 11, 2024