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
街道地址 | 距離 | 房間數 | 浴室數 | 建築面積 | 售出時間 | 售出價格 | 數據來源 | |
|---|---|---|---|---|---|---|---|---|
 | 5.16 km | 3 | 1 | 130m2 | 2024年04月08日 | $480,000 | Council approved | |
0.45 km | 3 | 1 | 84m2 | 2024年02月27日 | $420,000 | Council approved | ||
0.31 km | 6 | 2 | 700m2 | 2023年11月21日 | - | Council approved | ||
13.63 km | 3 | 184m2 | 2023年11月21日 | $780,000 | Council approved | |||
 | 13.73 km | -m2 | 2023年11月17日 | $400,000 | Council approved |