Address available on request,
Penola, SA 5277
Key property information
FREEHOLD MOTEL/APARTMENTS FREEHOLD AND BUSINESS
We are proud to offer this MULTI-AWARD WINNING LUXURY APARTMENT COMPLEX.
Luxurious sophisticated up market niche accommodation and described as the classiest to be found between Melbourne and Adelaide in the world famous Coonawarra wine region.
This contemporary facility is just 4 years old and incorporates many comforts usually found only in luxury city living.
Environmental sustainable initiatives have been employed throughout with room for more development.
Superb quality also in the spacious open plan owner/manager’s residence with lounge, dining and kitchen.
No restaurant. Room for further development. 2000 sqm ADJOINING LAND AVAILABLE BY NEGOTIATION FOR FURTHER DEVELOPMENT. Discuss the options with the broker.
Penola is a great tourist destination, and attracts a good mix of guests from South Australia, interstate and overseas with a recent surge of interest via Saint Mary MacKillop. 75% of business consists of referrals and repeat business. It speaks for itself with HIGH OCCUPANCY and income only seen in much larger motels without the labour input. Genuine reason for sale. Priced at FREEHOLD and BUSINESS $1,875,000
Property ID: 5721163Last Updated: 5 Dec 2013
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