132-134 King, Temuka, Timaru, Canterbury

PRICE REDUCTION!!

The asking price is "Plus GST if any" or "Zero Rated" between GST registered parties.

TEMUKA: Situated 16 kms north of Timaru, close to lakes, mountains and rivers in the Central Sth Island region on SH1.

Temuka house values are still lower than those of most main centres in NZ. Here is an opportunity to purchase in rural proximity to the city of Timaru, within easy driving time to Ashburton and Christchurch to the north and Oamaru and Dunedin to the south. To established home owners this property offers the benefit of affordable, quality housing, a generous passive income and self employment at home owing to its location in the CBD of Temuka.

This may be the elusive "Sea Change" opportunity wished for by many who, after years of work, seek a better work/life balance but are mired in the routine of their customary employment.

Please note: Purchase of this property does not include plant and chattels belonging to the Austin 92 Restaurant business. Inquiries around purchase of the business should be directed to the Restaurant owner himself.

THE PROPERTY:

Two modern, commercial/residential buildings on one title, seperated by a courtyard and occupied variously over the past 35 years by restaurant/cafe owners. The current restaurant operator is signed until 31/8/28 with two, three year, rights of renewal under the current lease. The buildings constructed in the late 70's and early 80's and well maintained in the interim, have been in the same ownership for the past 38 years.

THE OWNER'S RESIDENCE COMPRISES:

*BEDROOM1: North-facing, upstairs spacious room with ensuite, desk and relaxation space, in addition to a private balcony for balmy evenings. Sunny, light and airy. Heatpump for wintery days!

*BEDROOM 2: Beneath the stairs and Bedroom 1, another roomy bedroom which could easily lend itself to use as a consulting/treatment space. Desk space and heat-pump for comfort.

*BEDROOM 3: Smaller than the other 2, however can easily accommodate a queen/double bed.This room has benefits that it is adjacent to a bathroom, has its own direct access from the drive-way outside, and lends itself perfectly to use for overnight/medium stay accommodation secured by footpath signage or accommodation sites like Air'B'nB

KITCHEN:

The modern, well provisioned kitchen serves a compact dining/living area with natural flow out to a sheltered, sunny yard area for BBQ'ing, relaxing etc... The kitchen offers a generous walk-in pantry and lots of cupboards and drawers for storage.

LAUNDRY: A roomy space offering, as does the entire house, generous storage space.

GRANNY FLAT: Currently and for the forseeable future rented to a mature single man who takes care of the lawn and his own vege garden. This ensures regular maintenance of the small section and adds to the owners' "lock and leave" ability should they wish it.

For "Motivated Sale" by the owner bringing to an end his 40 year, happy, business and family association with Temuka , having arrived in 1985 with his family to open "Warwick's Place" BYO restaurant on what is currently the Austin 92 site. The Apartment/House was purchased in 1987 from which our family gift shop was run in the space occupied by Austin's secondary dining room . Throughout the decades, consented changes have been made to produce the current stylish, friendly and relaxed dining experience which is Austin's, now entering its 9th year of trading and still positioned as Temuka's leading Cafe/Bar/Restaurant. Modern history of 132-134 King street can be traced by property movements as the two addresses underwent boundary adjustments, alterations and subdivision culminating in the joining of the two titles in 2022 to enable Austins expansion embracing the courtyard area and the former retail shop. The Austin touch continues to offer Temuka locals, South Canterbury residents and travellers alike a friendly, relaxed and enjoyable dining experience to share and remember.....

For further inquiries phone Warwick 0221557559