South East Freehold Boutique Motel
126 Church Street, Penola SA 5277
$1,495,000
HotelSize: n/a
Block size: 3161 m² approx.
Freehold Opportunity - Must @ Coonawarra
Opportunity to purchase this Sophisticated Apartment Style Motel.
Ideally situated between Adelaide and Melbourne in the popular tourist area of Penola amongst the World Class wineries of the Coonawarra Region.
This Contemporary style facility was built in 2006 and recently refurbished.
There is an attractive open plan Manager's residence with lounge, dining and kitchen.
This profitable property has a proven track record with a long lease in place, where if all options are taken up will expire in 2049. Market rent adjustments apply.
Currently the leasehold interest is also available to purchase. Phone Agent for Further Details.
Freehold interest priced at $1,495,000 demonstrating a good return on investment.
RLA153432
Opportunity to purchase this Sophisticated Apartment Style Motel.
Ideally situated between Adelaide and Melbourne in the popular tourist area of Penola amongst the World Class wineries of the Coonawarra Region.
This Contemporary style facility was built in 2006 and recently refurbished.
There is an attractive open plan Manager's residence with lounge, dining and kitchen.
This profitable property has a proven track record with a long lease in place, where if all options are taken up will expire in 2049. Market rent adjustments apply.
Currently the leasehold interest is also available to purchase. Phone Agent for Further Details.
Freehold interest priced at $1,495,000 demonstrating a good return on investment.
RLA153432
Inspections
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Contact Ron Whitford to learn more about this property, request an inspection or take an online tour.
Key details
Property type:
Hotel
Block Size:
3161 m²*
Other Details
Plan Type:
T
Plan:
421601
Parcel Type:
A
Parcel:
422
Legal description:
T/421601/A/422
Maps and area information
Block information
Block size: 3161m² (approx)
Legal description: T/421601/A/422
Measurements are estimates only and based on data provided under licence from
© PSMA Australia 2024.
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Property history
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Penola suburb information
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SummaryMedian sales
Average Age
48 years
Population
1,622
Listing ID: 182272100. This listing has been viewed 0 times. It was first displayed on 05/02/2024 and last updated on 16/02/2024.
Allhomes acknowledges the Ngunnawal people, traditional custodians of the lands where Allhomes is situated. We wish to acknowledge and respect their continuing culture and the contribution they make to the life of Canberra and the region. We also acknowledge all other First Nations Peoples on whose lands we work.
"With open hearts and minds, together we grow." artwork by David Williams of Gilimbaa.