23 Church StreetPenola SA 5277
Property Details for 23 Church St, Penola
Last Listing description (August 2018)
Outstanding opportunity to purchase this multi-award winning Freehold Going Concern property ideally located midway between Melbourne and Adelaide. - Built in 2003 with quality in mind, this 18 room motel has very little to do- Plus, a 3 bedroom timber cottage for small groups and meetings/conferences- Currently run under management with 6 casual cleaners- Ideally located across the road from the hospital and walking distance to all local restaurants and cafes- Rarely found 3 bedroom spacious managers residence, with private yard and undercover parking- Multi-award winning including 2017 TripAdvisor certificate of excellence- Consistent year on year growth- Excellent business mix 55% tourism and 45% corporate - In SA from July 2018, stamp duty will be imposed only on the transactions involving residential and primary-production land. NB: Property inspections are by appointment only
Property History for 23 Church St, Penola, SA 5277
- 12 Jun 2024Sold for $2,300,000
- 19 Apr 2023Listed for Sale $3,900,000
- 29 Aug 2018Listed for Sale $2,500,000
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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 1,241 properties. Over the last 5 years, Houses in Penola have seen a 93.48% increase in median value, while Units have seen a 46.50% increase. As at 31 October 2024:
- The median value for Houses in Penola is $376,499 while the median value for Units is $262,412.
- Houses have a median rent of $260.
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