Once you purchase this prime piece of real estate, your options are limitless! Double frontage entrance, 100 metres wide, one title, zoned Primary Production and suitable for storage/warehousing of primary production activities or other uses (subject to council and planning and building regulations.)
There are two separate buildings with a large court yard so if you had the dream of wanting to open a craft brewery and tasting rooms or some sort of accommodation facility, this property would be ideal (again, it would need council approval.)
This property is situated on approximately 2 acres of land which would be perfect for a market garden or for parking. Other features of this property include 3 phase power, 40,000 gallons of rainwater and 2 10 horse power pumps.
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:
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