39 South Terrace, Darfield, Selwyn

Nestled at 39 South Terrace, Darfield, Selwyn, this commercial property is categorized as a Liquor outlet. Constructed in 1970 with concrete walls and tiled roof, both in good condition, it offers a floor area of 850sqm on a generous land area of 4047sqm. The property is under a Leasehold title. Notably, it includes amenities such as a Sports Bar, Beer Garden, Bottlestore, and Accommodation facilities, making it an attractive hospitality package. The current owners have a part-time involvement with a management structure in place, and the property has shown a consistent performance, further enhanced by the thriving Darfield area due to dairy investment and housing development.

As per the valuation history, the Capital Value (CV) has remained stable at $1,720,000 since September 2021, with no increase observed. However, the HouGarden AVM estimates the property at $1,597,500. The latest sale records show transactions at $1,600,000 on 2023-06-06 and $1,800,000 on 2024-04-23, indicating a potential for capital growth.

For families, the property falls within the zone of several high-performing schools. These include Villa Maria College and Darfield High School, both with a decile rating of 9, and Darfield School with a rating of 8. Other schools in the area are St Thomas of Canterbury College (decile 8), Middleton Grange School (Years 11 - 13, decile 9), and Christchurch Adventist School (decile 5), providing a range of educational options.

Updated on May 22, 2024