Here is your opportunity to own a prime piece of land in the heart of the busy town of Penola - you just couldn't find a better situated commercial allotment!!
The allotment is an excellent size - approximately 1000m2 with a frontage of approximately 20 metres and a depth of approximately 50 metres - space for you to build your dream facility.
What great exposure for your business to be on a corner allotment of 2 busy roads - Robe Road and Church Street.
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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