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58 Riddoch Street
Penola SA 5277

Bedrooms: 4
Bathrooms: 2
Car spaces: -
Land area: 1086m2
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Exciting commercial/residential opportunity awaits you at the historic Cobb & Co Booking Office - Penola

Ray White Mt Gambier is pleased to present 58 Riddoch Street, Penola, for sale. A property unlike any other - the historical Cobb & Co Booking Office is on the market. It awaits a visionary buyer with the imagination and enthusiasm to bring history back to life, this residential conversion is a first for this landmark property. Sitting on the edge of the world-renowned Coonawarra wine district, the property has delivered culinary delights to locals and tourists for over a century. The stone building was built in 1857 and used as a cheese and butter factory. It retains significant character artefacts in homage to its humble beginnings.
The adjoining Tregenza Gallery, built in 1920, has been a source of inspiration and community- utilised as a gallery, tea rooms, a restaurant, and more recently as the manufacturing hub for Outback Pride. The two heritage-listed buildings share an updated main roof, with a central corridor leading from the front veranda to the rear garden and alfresco dining area. Separate male and female toilets and a laundry room with a shower sit at the back of a central section adjoining the original building. This contemporary area boasts an HACCP-accredited commercial kitchen and a cool room, and it is conveniently accessible from three entrances.
The appeal and intent of the Planning Consent, is to seize the opportunity to create a residence within Cobb & Co and Tregenza Gallery which can accommodate a residential design that is completely sympathetic and in harmony with the heritage buildings. Create new possibilities for a low cost housing solution.
The new possibilities for a cellar door serving local wine and produce is a tempting choice for its next chapter - though the possibilities are limited only by the scope of your dream project. Planning consents are in place to convert this to a residential property and local and state heritage bodies have approved stunning plans for a character home.
Combine a love of food and wine with a historically significant residence, or explore the many options, guest accommodation, a health and wellbeing retreat, treatment rooms or artist's space. If you're a farmer or live rural and looking to make the township move, this property provides endless renovation possibilities and a place to call home!
Sitting near the Mary MacKillop Centre and the Penola/Coonawarra Visitor Information Centre - the property is ideally located for tourism pursuits, wine tastings and high-end BnB ventures. Situated in the cultural heart of Penola, winning Agricultural Town of The Year. The architecture is delightful, with gambrel-style interior timber ceilings in the original building, which also features a front-facing office/bedroom, original timber floors, and a spacious, open-plan room with reverse-cycle air conditioning, white timber and stone walls and charming pendant lighting. It leads to a generous rear-facing open-plan space that accesses the kitchen and a rear deck that follows around to an open central pergola and the Tregenza Gallery.
The gallery features an open-plan dwelling with dual ceiling fans, exposed timber beams, reverse cycle air-conditioning and a kitchenette. It sits directly across from the second entry to the kitchen. It opens onto an endearing front veranda - perfect for enjoying a cuppa or a glass of the region's finest.
The building sits on over 1000m2 of stunning land with landscaped grassed gardens, parking, a rainwater tank and a transportable dry storeroom. It benefits from a corner allotment with rear access from Portland Street and is fully enclosed by a charming picket fence. This spacious garden has the possibility for a new building, extensions, and a garage.
This property offers a unique blend of renovation potential and heritage charm, making it ideal for those with a vision. With planning consent already in place, there is potential to convert this space from commercial to residential. The heritage of the building adds an extra layer of appeal: while it must remain original, embracing and enhancing the historic elements provides an opportunity to create a home that celebrates its past.
Historic buildings are the heartbeat of Penola and are rarely offered for sale. Acquire a charming piece of the Coonawarra and write a new chapter for future generations to explore, enjoy and cultivate.
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Property Details for 58 Riddoch St, Penola

58 Riddoch St, Penola is a 4 bedroom, 2 bathroom House. The property has a land size of 1086m2. The place is currently for sale with Ray White Mt Gambier.

Building Type
House
Land Size
1086m2

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About 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 1,241 properties. Over the last 5 years, Houses in Penola have seen a 93.11% increase in median value, while Units have seen a 39.67% increase. As at 30 November 2024:

  • The median value for Houses in Penola is $369,647 while the median value for Units is $257,082.
  • Houses have a median rent of $260.
There are currently 7 properties listed for sale, and no properties listed for rent in Penola on OnTheHouse. According to CoreLogic's data, 57 properties were sold in the past 12 months in Penola.

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Karyn Prelc
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Nedd Golding
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Ray White Mt Gambier
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