126 Church Street, Penola, SA 5277
Price: $475,000
Lifestyle accommodation business in wine country - great cash flow and long leas
Self-contained luxury accommodation business in the Coonawarra, SA wine region. Forget the daily commute and live in an architect designed owners residence in the best place to stay between Melbourne and Adelaide. A small complex of 9 luxury accommodation units aimed at the international and domestic tourist and business traveler market.
Set in easy to maintain native gardens, the architect designed buildings were finished in 2007 and have since been refurbished. All accommodation is on ground level, with private decks and double glazing. Solar panels, and a 20Kwh battery complimented by electricity grid connection, alongside the massive rainwater tanks supplying filtered water to the complex for most of the year, with town water connections to top up the tanks during hotter months, makes the utility bills super cheap.
Energy saving measures include recently installed new WiFi connected Daikin Alira efficient air conditioners, Sanden hot water Heat Pumps and induction stove tops.
Rent on the lease is $107,000 per year with 25 years remaining. Cash flow is fantastic - no Accounts Due to chase! Revenue is around $350,000 per year.
The business has it's own domain and easy to use website with a BookNow button to get plenty of commission-free bookings - currently over 70% of bookings!
With well above average occupancy for the region, A Must@Coonawarra has cornered the market in self-contained accommodation between Adelaide and Melbourne with over half our clientele repeat guests. Our point of difference is that our apartments have cooking facilities that encourage longer stays, and a relaxing communal BBQ area with fire pit, for those special interest groups that travel together.
Connected to many OTA's including all Expedia brands, Agoda and AirBnb via a channel manager that auto-updates availability, leaving you with plenty of spare time to respond to the extremely positive reviews!
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Set in easy to maintain native gardens, the architect designed buildings were finished in 2007 and have since been refurbished. All accommodation is on ground level, with private decks and double glazing. Solar panels, and a 20Kwh battery complimented by electricity grid connection, alongside the massive rainwater tanks supplying filtered water to the complex for most of the year, with town water connections to top up the tanks during hotter months, makes the utility bills super cheap.
Energy saving measures include recently installed new WiFi connected Daikin Alira efficient air conditioners, Sanden hot water Heat Pumps and induction stove tops.
Rent on the lease is $107,000 per year with 25 years remaining. Cash flow is fantastic - no Accounts Due to chase! Revenue is around $350,000 per year.
The business has it's own domain and easy to use website with a BookNow button to get plenty of commission-free bookings - currently over 70% of bookings!
With well above average occupancy for the region, A Must@Coonawarra has cornered the market in self-contained accommodation between Adelaide and Melbourne with over half our clientele repeat guests. Our point of difference is that our apartments have cooking facilities that encourage longer stays, and a relaxing communal BBQ area with fire pit, for those special interest groups that travel together.
Connected to many OTA's including all Expedia brands, Agoda and AirBnb via a channel manager that auto-updates availability, leaving you with plenty of spare time to respond to the extremely positive reviews!
60750
Disclaimer:
Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.
Mobile: 0488 847 018
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