15014 Riddoch Highway, Coonawarra, South Australia
SOLD - Coonawarra Place
SOLD
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 - SouthKey Investment Insights
1. Four star, 38 room motel in excellent condition
2. Located 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. Situated on the main Riddoch Highway with a popular restaurant next door
6. Only 10km from the township of Penola and the Limestone Coast
7. Determined vendor and realistic rent for sought after area
8. Long 25 year lease
9. Potential for high demand from tourists in the area
10. Other features include being a leasehold and located in South Australia.
