One of South Australia’s most charming motor inns at Penola in the Coonawarra has been put on the market with price expectations of 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 beautiful cottage garden, lawn and BBQ area.
It has become a popular stopover for visitors to the Coonawarra region which is renowned worldwide by wine lovers, with more than 20 cellar doors opened daily. Positioned midway between Adelaide and Melbourne, Penola is also a popular road trip destination for those touring the Great Ocean Road or the Grampians.
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.
Click here to view the listing on The Hotel Page.
ResortBrokers South Australia specialist Kelli Crouch says the exclusive listing, a freehold going concern, is an attractive combination of an outstanding business and idyllic lifestyle.
“If lifestyle is what you are after then this is a great opportunity. It’s a simplistic operation set in the heart of Penola, a town steeped in history with a vibrant community spirit, surrounded by wineries, and a short drive from world heritage features and beautiful beaches,” Mrs Crouch said.
“It’s a popular property which is currently run by an owner couple, along with two casual and capable cleaners that also act as relief reception staff when required. This is perfect for a hands-on couple or equally suited for an investor to run under management,” she said.
With an occupancy rate of 68 percent, there is also the potential to grow income from the business through the reopening of Bushman’s Inn cafe/restaurant.
“The restaurant, along with the beautifully presented garden and lawn area, would be an ideal one-stop destination for special family events, functions and meetings where guests could eat, drink and stay,” Mrs Crouch said.
The accommodation offering could also be extended as there is an opportunity to purchase additional adjacent vacant land from the freehold owner for an increased number of motel rooms or self-contained apartments, subject to approvals.
Click here to view the listing on The Hotel Page.
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