15014 Riddoch Highway, Coonawarra, South Australia

UNDER OFFER - Coonawarra Place - 25 Year Lease - 38 Room Motel - 1P5880

Leasehold $250,000

Business Description

CRE Brokers are proud to offer for sale Coonawarra Place, a four star, 38 room motel, in excellent condition and adjacent to some of the area's truly great wineries.

Coonawarra Place offers a variety of rooming configurations to suit the most discerning of traveller, including luxury suites with spa bath, standard queen and disabled rooms.

Situated on the main Riddoch Highway with a terrific restaurant next door, this South Australian venue will be sought after by many.

Only 10 kms north of the township of Penola, this venue is not far from the Limestone Coast with the myriads of tourists who travel there. A determined vendor, a great price, a long 25 year lease and realistic rent for this sought after area will make for many interested buyers.

Business Summary

Other Features / Notes

A:LEASEHOLD, B:MOTEL, C:SA - South
Marketing Agent

Key Investment Insights

1. Four star, 38 room motel in excellent condition
2. Adjacent to some of the area's top wineries
3. Variety of rooming configurations to suit different travelers
4. Luxury suites with spa bath, standard queen, and disabled rooms available
5. Located on the main Riddoch Highway with a popular restaurant next door
6. Only 10 kms from the township of Penola and the Limestone Coast
7. Long 25 year lease and realistic rent for the sought after area
8. Determined vendor and great price make for a desirable investment opportunity
9. Other features include being a leasehold property and located in South Australia.
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