SOLD
Sold on 07 Feb 2024 for $375,000

87 Church Street
Penola SA 5277

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1489m2
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Sold By
Thomas Degaris & Clarkson Penola RLA44072
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Property Details for 87 Church St, Penola

Building Type
Commercial
Year Built
2003
Land Size
1489m2
Local Government
Wattle Range
Lot/Plan
A174/D381

Last Listing description (February 2024)

Discover an exceptional property at 87 Church Street, Penola, offering a myriad of possibilities. Currently occupied by EE Muir and Sons, their tenancy is set to conclude at the end of this year. This versatile space encompasses a showroom with offices, an upstairs boardroom area, and an expansive drive-through shed with substantial storage capacity.

Situated on an approximately 1500-square-metre allotment, the property boasts side driveway access to a rear 130-square-metre steel-framed shed with a concrete floor. In addition, the front showroom/shed, spanning approximately 480 square metres with concrete flooring, lends itself to a wide range of applications, including storage, business supplies, and drive-through pick-up services.

This exceptional property is available for sale via Expression of Interest, with submissions due by October 20, 2023, at 5pm. Please send your inquiries to m.degaris@tdcagents.com.au or visit 49 Church Street, Penola, for more information. Don't miss out on this rare opportunity with unlimited potential.

Property Code: 880

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Property History for 87 Church St, Penola, SA 5277

A timeline of how this property has performed in the market
Last Sold
$375,000
07 Feb 2024
  • 07 Feb 2024
    Sold for $375,000
  • 21 Sep 2023
    Listed for Sale Expressions of Interest
  • 12 Nov 2002
    Sold for $26,000
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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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