1202 Coopers Creek - Peel Forest Road, Peel Forest, Timaru
price TBC
2,749m2
326m2
Peel Forest investment opportunity
This 2,749m2 (approx.) site in the heart of the lovely Peel Forest Village, is zoned Rural 1D, and comprises of two distinct buildings. The front half of the section contains an iconic commercial building, while the back half contains a private residential dwelling. The Commercial Building This 206m2 (approx.) 1970's concrete building has excellent street frontage and profile in the village, as well as convenient roadside customer parking directly in front of the building. The current anchor tenant is the popular 'Green Man at Peel Forest' licensed cafe that serves as a hub for the village and a destination for visitors to the area. The building currently contains a full commercial kitchen, toilet facilities, a modern log burner for heating, and large customer areas currently configured as a licensed cafe and function space that can be easily adapted to a variety of alternative commercial needs. The Residential Dwelling Further back on the site is a 120m2 (approx.) 1960's 3 bedroom weatherboard home heated by a log burner has open plan kitchen/dining/living, 1 bathroom and laundry area, and a separate toilet. Outside is a separate double garage, a hobbies space, one well fenced paddock suitable for running a few pet sheep, and lovely private views out over farmland. The current commercial lease stipulates that the commercial tenant also rents the dwelling via a separate rental agreement, therefore both properties are fully occupied providing solid returns. A new owner could either maintain the status quo being an offsite commercial landlord, or the potential opportunity exists to renegotiate the commercial lease and reside in the 3 bedroom house while receiving a return from the commercial building lease or to rent it out separately and remain off site. All scenarios present an opportunity for the astute investor! Viewing by appointment. For Sale by 'Offers Over $539,000' +GST on the Commercial Building Enquire for further information.
1202 Coopers Creek - Peel Forest Road, Peel Forest, Timaru
Web ID
GEC110390
Floor area
326m2
Land area
2,749m2
District rates
$3,614.07pa
LV
$155,000
RV
$430,000
price TBC
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About the location
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Deadline Sale
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Set right in the heart of the Peel Forest village on an iconic kiwi quarter acre (1012m2) section this two-bedroom weatherboard cottage is an ideal property to create years of family memories. Just a hop, step and jump to the many forest walks and picnic areas that are in the area and 20 minutes to Geraldine. A lovely compact home with a sunny living area that opens out to a large back deck, great for summer bbq's. The verandah out the front offers a nice alternative for shade or shelter from the rain. The kitchen, although original has plenty of storage and a large central area that could be used for dining. Off the kitchen is the bathroom with a shower, vanity, and toilet. There are two bedrooms at the front of the home one double and one large single and at the back, there is a little hobbies/office room. For heating and cooling, there is a floor console heat pump plus a log burner for the winter evenings. A nice, private setting with the established shrubs and trees and there is a woodshed, garden shed, carport, and a two container shelter. Plenty of back lawn area for children to run around or pets to exercise. A great little home for small families, or to be used as a holiday home getaway. Price guide for this property, offers over $349,000.
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