2/178 Karatta TerracePenneshaw SA 5222
Property Details for 2/178 Karatta Tce, Penneshaw
2/178 Karatta Tce, Penneshaw is a 4 bedroom, 2 bathroom House with 1 parking spaces. The property has a land size of 564m2.
Last Listing description (June 2019)
An excellent opportunity to buy a successful and unique holiday accommodation property & business with the option to live-in on site overlooking beautiful Hog Bay to the mainland with 180 degree unrestricted views. All less than one kilometre from the ferry, town centre and the beach.
The Owners are looking to retire after building and managing this very successful business for twelve years that has confirmed forward bookings and excellent reviews from previous guests. Annual income is circa $35,000. It has maintained an independently assessed four-star rating and is an accredited tourism business.
The current set up comprises of two community titled properties each with separate houses with one rented as a holiday house and the other occupied by the owner.
* Owner's residence, three bedrooms, two bathrooms, laundry plus dining, kitchen and living opening onto a covered deck. Two vehicle partially enclosed carport.
Both houses are fully insulated, air-conditioned in the main living areas, ceiling fans to bedrooms all with built in robes. Established driveways, lawns and gardens plus four partly in-ground rainwater tanks.
The listed price for the Holiday house is $350,000 including all furniture and loose fittings. The business name and operating system will be made available for transfer to the buyer.
The Owner's house is also available for purchase at the listed price of $430,000 or both properties for $780,000.
The life-style and attractive location might suit owner/manager, in particular a semi-retired couple, extended family or those seeking to supplement their own superannuation plan. Investors might consider renting out both houses.
Inspection is welcome over this festive season, Contact Michael Barrett on 0427 727 333 anytime for further information or to arrange a viewing.
Property History for 2/178 Karatta Tce, Penneshaw, SA 5222
- 07 Nov 2015Listed for Sale Not Disclosed
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About Penneshaw 5222
The size of Penneshaw is approximately 5 square kilometres. It has 7 parks covering nearly 9.4% of total area. The population of Penneshaw in 2011 was 273 people. By 2016 the population was 286 showing a population growth of 4.8% in the area during that time. The predominant age group in Penneshaw is 60-69 years. Households in Penneshaw are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Penneshaw work in a managers occupation. In 2011, 67% of the homes in Penneshaw were owner-occupied compared with 67.3% in 2016.
Penneshaw has 548 properties. Over the last 5 years, Houses in Penneshaw have seen a 78.45% increase in median value, while Units have seen a -12.08% decrease. As at 31 October 2024:
- The median value for Houses in Penneshaw is $503,932 while the median value for Units is $408,699.
- Houses have a median rent of $240.
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