126 Church Street Penola SA 5277

Freehold Opportunity - Must @ Coonawarra
Opportunity to purchase this Sophisticated Apartment Style Motel.
Ideally situated between Adelaide and Melbourne in the popular tourist area of Penola amongst the World Class wineries of the Coonawarra Region.
This Contemporary style facility was built in 2006 and recently refurbished.
There is an attractive open plan Manager's residence with lounge, dining and kitchen.
This profitable property has a proven track record with a long lease in place, where if all options are taken up will expire in 2049. Market rent adjustments apply.
Currently the leasehold interest is also available to purchase. Phone Agent for Further Details.
Freehold interest priced at $1,495,000 demonstrating a good return on investment.
RLA153432