Coonawarra, South Australia

Freehold $2,100,000

Property Description

2531MF - MOVING ON FROM PAST GLORIES - NOW "A MAN FOR ALL SEASONS"

The Coonawarra Units bear testimony to the quality accommodation that helped put the district well on the map of wine tourism, as well as the 'place to stay' for those leaving the precincts of the Great Ocean Road on their way to Adelaide, or travelling south.

The 39 well presented apartment quality units (by size and amenity) are now ticking over in their casual accommodation role, ready to be lifted back into high tourist demand.

Or perhaps another life….

- An accommodation centre for the education sector – secondary or tertiary (Uni or TAFE).

- A rehabilitation centre for those reclaiming their lives from a raft of dependencies

- A halfway house for those under supervision of the corrections systems

- An upmarket aged care facility or retirement village

The replacement value of these units would be staggering. Here is a smart way to take on a facility with an amenity for many purposes; one that will still look brand new and elegant in the 50 years to come.

NOTE – THE PROPERTY IS STRATA TITLED OVER 33 TITLES. APPROVAL TO MARKET AND SELL THE COMPLEX MEETS THE RULES OF THE BODY CORPORATE MEMBERSHIP.

HUGE STAMP DUTY SAVINGS APPLY

Contact Reg Partington from Tourism Brokers for further information or to arrange an inspection. RLA 286893

Property ID: 2531MF (quote when enquiring)



Location: Coonawarra is located approximately 380km south of Adelaide, 424km west of Melbourne and only 10km from the historic town of Penola. It resides in the Wattle Range Council area of the Limestone Coast of South Australia.

The region, first established in 1890, boasts many great cellar door sales outlets, fantastic food experiences and quality accommodation. A busy calendar of festivals, events and wine tastings create a colourful scene throughout the year in Coonawarra.

Property Code: 2712

Property Summary

Motel Information

Restaurant Facilities: -Liquor Licence: -Restaurant: -Lease: -

Marketing Agent

Reg Partington

Marketing Agency

Tourism Brokers

Reg Partington
Tourism Brokers

Phone

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Property Map

Map Location ( get directions )

Coonawarra, South Australia 5263 Exact map location not provided

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Tourism Brokers