Make your mark with this retail premise at 12 John Street Penola.
Well positioned, surrounded by residential homes, yet with lots of parking, this freehold shop is offering opportunity. Whether it is to set up your business, investment or redevelopment for residential (STCA), this retail outlet will not disappoint.
Set on an allotment 796m2 with a 18.8 metre (approx.) frontage to John St there is scope for further development. The building is solid Mount Gambier stone and is approximately 118m2 . There is a toilet within the main building and there are also numerous sheds and storage areas on the property.
The size of Penola is approximately 252.5 square kilometres. It has 14 parks covering nearly 11.5% of total area. The population of Penola in 2016 was 1592 people. By 2021 the population was 1622 showing a population growth of 1.9% in the area during that time. The predominant age group in Penola is 50-59 years. Households in Penola are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Penola work in a managers occupation.In 2021, 72.60% of the homes in Penola were owner-occupied compared with 67.40% in 2016.
Penola has 1,238 properties. Over the last 5 years, Houses in Penola have seen a 136.28% increase in median value, while Units have seen a 120.37% increase. As at 31 December 2025:
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