48 Riddoch St, Penola, SA 5277

Retail | Offices | Development/Land

Leased $175,000

  • Property ID: 318671
  • Floor Area: 170m²
  • Land Area: 1200m²
  • NBN Availability: Service Available - Fibre to the node (FTTN)
  • Cafes: 4 nearby
Sold / Leased Results

Name Result Date Floor Land Result Price
Leased N/A 170m2 1200m2 N/A
Attractive street presence in historic Penola

TDC Agents proudly offer this unique commercial opportunity.

In a nutshell;

- Triple fronted street presence.

- Historical drawcard location.

- Large block stretching from street to street.

- Rear access & parking aplenty.

- Attractive façade.

The details;

Penola –The gateway to South Australia’s famous Coonawarra wine region and a must-visit tourist destination. Located here, on the charming Riddoch Street, fronting the historic walking trail and opposite Penola’s recently and fabulously revived Royal Oak Hotel, can be found 48 Riddoch St; A commercial premises offering business ventures new or old an attractive freehold.

This premier property is versatile and flexible. A rare find whereby the existing building comprises two or three shopfronts; A unique opportunity for a business owner to occupy one space and earn an income off the other/s, making this property well worth a look for the astute investor looking for a worthy addition to their portfolio.

The hugely appealing street façade is reminiscent of the 19th century cottages that can be found on nearby Petticoat Lane. Although not the original building, built to house a saddlery on this site in 1864, there still exists a story and a throwback to a bygone era.

The veranda spanning the entire 13.6m frontage would make an ideal alfresco dining extension to a cafe, restaurant or wine bar / cellar door. Alternatively, the space affords itself to retail, offices, consulting rooms or even a yoga studio. The options are endless.

The site runs from Riddoch Street right through to Julian Street with equal frontage to both streets. This provides vehicle access to the rear of the shop via Julian Street, space for plenty of parking and thinking outside the square - the potential to subdivide the block (STCA).

Rarely does a commercial investment opportunity this attractive, flexible and with a story to tell present itself.

Call Meg or Karly today to arrange a private inspection, or to talk more about the freehold or leasing potential.

Property Code: 606

Penola Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $1989 --- ---
Retail $1989 $85 4.29%
This is the average advertised price, rent and yield for Penola, SA 5277*

Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in SA for Lease

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • NBN Availability - Where this address stands within the nbn™ rollout. Possible statuses: Not currently available, Build preparation, Build commenced, or Service Available. Information provided by nbn™.
  • Nearby Cafes - Number of cafes located within 500 metres of 48 Riddoch St, Penola, SA 5277. Powered by Zomato. Visit their site for more information on cafes, restaurants, and bars near you.
  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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