126 Church StreetPenola SA 5277
Property Details for 126 Church St, Penola
Last Listing description (August 2024)
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.
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
Property History for 126 Church St, Penola, SA 5277
- 07 Aug 2024Sold for $1,400,000
- 28 Jun 2024Listed for Sale $1,495,000
- 02 Dec 2022Listed for Sale Leasehold & Business - $475,000 plus SAV
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0About Penola 5277
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2011 was 1,706 people. By 2016 the population was 1,571 showing a population decline of 7.9% in the area during that time. The predominant age group in Penola is 60-69 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a labourer occupation. In 2011, 70.7% of the homes in Penola were owner-occupied compared with 67.4% in 2016.
Penola has 1,236 properties. Over the last 5 years, Houses in Penola have seen a 106.03% increase in median value, while Units have seen a 24.46% increase. As at 31 July 2024:
- The median value for Houses in Penola is $375,502 while the median value for Units is $208,026.
- Houses have a median rent of $270.
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