Penola SA 5277

$325,000

Coonawarra Motor lodge- 12 UNIT B&B, 26 YEAR LEASE! LOW RENT

Phone enquiries - please quote property ID 12707

Also home to the Mary McKILLOP Interpretive Centre & WOODS McKILLOP Schoolhouse which celebrate the achievements of the former resident and Australia's FIRST SAINT.

The motel units, built in 1983, are of Mount Gambier stone construction, rendered internally & externally,have recently been refurbished with modern en suite bathrooms, new carpets, drapes & digital televisions. The motel is currently rated 3.5 stars by the RAA and has the convenience of being alongside an independently owned Restaurant.There is a stunning, modern 3 bedroom managers' residence at the rear of the motel. The business has a modern, functional website through which online bookings are made. The lease has a further 26 years to run at a very reasonable rent, business is stable, profitable and easy to manage.

Penola is well serviced with 3 schools, hospital, 2 hotels, sports complex, art galleries & many cafes, as well as a new IGA FRESH supermarket. South Australia's second largest city, Mount Gambier, is a 30 minute drive away plus the Heritage Listed NARACOORTE CAVES, coastal towns of BEACHPORT & ROBE are also nearby.

Your purchase price is for leasehold only. This is an excellent business and a genuine going concern.

To find out more, contact owner today; Financials to end of June 2012.



ABOUT PENOLA/MT GAMBIER/LIMESTONE COAST

This whole region is basically one large tourist area including the Blue Lake in Mount Gambier. Penola is known as “The Perfect Place to Pause”. It is in the heart of the Coonawarra Wine Region and of late is famous for Australia's first Saint, Mary MacKillop. It is in Penola that Mary MacKillop had her schoolhouse. Travellers arrive via the GREAT OCEAN ROAD, COORONG & GRAMPIANS.There are daily flights to and from Adelaide & Melbourne with REX EXPRESS from Mt.Gambier Airport.

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