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Versatility, Scale and Opportunity in the centre of vibrant Penola

38-40 Riddoch St Penola

Three titles; A stunning one-bedroom cottage, a huge four-bedroom home, a vacant allotment and a whopping 3,040m2 of total space in the centre of Penola. This is a one-of-a-kind prospect with endless opportunities that needs to be seen to be believed.

TDC Livestock and Property are proud to offer 38 and 40 Riddoch St to the market by Expressions of Interest (unless sold prior) closing Thursday, 29th February at 4pm. The Vendors will consider offers over the combined three titles, or as two separate offerings; 38 Riddoch standalone, and 40 Riddoch and Allotment 11 combined.

PRICE GUIDE

38 Riddoch: $360,000

40 Riddoch & Allotment 11 combined: Contact Agent

The location speaks for itself. Situated in the most central of locations, literally a stone’s throw away from the Royal Oak Hotel, Foodland Supermarket and fantastic main street amenities. Both primary schools are a three-minute walk from the front gate and the Penola Rail Trail bike track is a short stroll down the road.

This truly is a premier location and opportunity which should draw the interest of Developers, AirBnb hosts or family’s seeking space and convenience.

40 Riddoch St & Allotment 11 Julian St West

Here presents itself your chance to own a piece of Penola’s history. Situated at the rear of a huge 1,296m2 allotment, a charming one-bedroom cottage built by ‘Penola’s founder’ Alexander Cameron in the 1850’s. The cottage has been impeccably restored making this perfect as an Airbnb or an excellent starting point to expand and build onto as part of a larger home (STCA). The cottage offers beautiful timber floors, high ceilings and skirtings, two bathrooms and stunning yard and established (yet low maintenance) garden and lawns. Enjoy a glass of Coonawarra red under the beautiful rotunda taking in the lovely surroundings and complete privacy that the fencing provides.  The title also offers;

- Approx 300m2 of vacant land off Riddoch street ideal for car parking or development STCA

- Attractive large rotunda and smaller gazebo to cottage garden.

- 25,000L Rainwater.

- 5 kilowatts of solar power.

- Carport.

- Double length garage.

- Enclosed yard with good fencing.

- Veggie patch

Adjoining 40 Riddoch is the separate title of Allotment 11 Julian St West offering 731m2 of vacant land. This central allotment has 20.72m frontage to Julian St West and 35.30m depth. The allotment is fenced on all sides and has power, water and STEDS all available. The allotment also offers a 25,000L rainwater tank as well. The perfect opportunity to build your dream home or townhouses (STCA) in the vibrant township of Penola.

38 Riddoch St

This truly unique home sure tells a story. Formally the Penola Kindergarten, and more recently the Penola Fantasy Train Park the current Vendors have worked with the amazing assets of the property to establish a beautiful (and HUGE!) four-bedroom home.  

Situated on a spacious 1,013m2 fronting Riddoch St the home offers four bedrooms (main with WIR) and open plan living like you have never seen before. The original open plan living offers high ceilings, timber flooring and adjoins to two kitchens and bathroom area. This area then opens to a giant entertaining area spanning a huge 200m2. The possibilities are endless in this space; the ultimate area for the kids to play, a brilliant area to entertain your friends, or maybe the ideal location to install a generous sized indoor swimming pool.

Adjoining the home is a large pergola, 4.3m x 12.7 shed, and rear entertaining area. 38 Riddoch also offers ample rainwater and a stunning rose garden on Riddoch St.

Expressions of Interest close Thursday 29th February at 4pm (unless sold prior). Contact Karly Honner on 0438 339 729 for an Expressions of Interest form or for more information.  Inspections by appointment.

 

 

5 3 6 3,040 m2
Address 38-40 Riddoch St, Penola
Price Contact Agent
Property Type Residential
Property ID 911
Category House
Land Area 3,040 m2

Agent Details

Karly Honner photo

Karly Honner

0438339729
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