Details – SAL Real Estate

Rare Investment Opportunity in the Heart of Penola

Retail - Shop - Property ID: L34522413
Properties like this don't come on the market often.
Ideally located in the centre of Penola, directly opposite Heywood's Royal Oak Hotel and just around the corner from the historic charm of Petticoat Lane, this unique offering spans three titles and presents exciting potential for investors, developers, or business owners.

Formerly Penola's power station prior to the introduction of mains electricity, the site holds local significance and now offers a range of practical and versatile spaces.

• Lot 170 - Vacant allotment approx. 725m², perfect for future development (STCA)
• Lot 169 - Approx. 1,119m² featuring a large 14m x 8m shed with concrete floor and power includes a 123m² shopfront with an adjoining area suitable for an office or dwelling, complete with bathroom and bedroom (some renovation required) SCA
• Lot 138 - Approx. 356m², located on Julian Street.

The property is connected to mains water, offers generous storage options, and is positioned within walking distance to Penola's amenities, shops, and eateries.
Whether you're seeking to run a business, renovate and repurpose, or explore development opportunities, this is a standout property in a high-profile location.
Contact Brenton Leggett for all enquiries on 0438 344 042
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