02 Jul 2019
Words Richard Evans The Advertiser
What’s happening this week in South Australia’s commercial property market
One of South Australia’s most charming motor inns at Penola in the Coonawarra has been put on the market with price expectations up to $1.3 million.
The Coonawarra Motor Lodge and Bushman’s Inn is located right in the heart of the historic town and the original sandstone property has 12 well-appointed motel rooms which wrap around a cottage garden,lawn and BBQ area.
It has become a popular stopover for visitors to the Coonawarra region which has more than 20 cellar doors open daily. The 3.5-star property has modern and spacious motel rooms with six ground floor units and six upstairs with balconies that overlook the garden area. The manager’s residence is located above the restaurant with three bedrooms plus storage room or private office, one bathroom and a large living area.
Agent Kelli Crouch says the freehold listing is an attractive combination of an outstanding business and idyllic lifestyle.
“If lifestyle is what you are after then this is a great opportunity,” Mrs Crouch said.
“It’s a popular property currently run by an owner couple, along with two casual and capable cleaners who can act as relief receptionstaff. This is perfect for a hands-on couple or investor to run under management,” she said.
With an occupancy rate of 68 per cent, there is also the potential to grow income from the business through the reopening of Bushman’s Inn cafe/restaurant.
The accommodation could be extended via an opportunity to buy adjacent vacant land from the freehold owner to increase number of motel rooms or self-contained apartments, subject to approvals.