38 Young StreetPenola SA 5277
Property Details for 38 Young St, Penola
Last Listing description (August 2023)
Grab this rare opportunity to secure this solid stone, versatile space fronting Penola's picturesque town square.
Currently operating as Penola's takeaway shop, capitalise on what is already a fabulous existing business (existing equipment is included) Or, make it your own; Zoned 'Township Activity Centre', the space is flexible and would suit retail, office or hospitality usage - Perhaps a wine bar or cellar door.
Situated on a modest 103m2 corner allotment, there is ample parking both on the street and the car park directly adjacent.
Investors take note - Penola is generating some strong returns on commercial spaces. Lease option negotiable.
Contact Mark De Garis 0428 372 124 or Meg Redman 0407 740 034 to find out more or to arrange a private inspection today.
Property Code: 764
Property History for 38 Young St, Penola, SA 5277
- 07 Jul 2023Sold for $160,000
- 27 May 2021Listed for Sale $200,000
- 03 Jul 2019Sold for $154,000
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0About Penola 5277
The size of Penola is approximately 252.5 square kilometres. There are 14 parks, covering nearly 11.5% of the 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 $800 - $999 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 1,245 properties. Over the last 5 years, Houses in Penola have seen a 117.71% increase in median value, while Units have seen a 71.19% increase. As at 30 April 2026:
- The median value for Houses in Penola is $431,783 while the median value for Units is $387,485.
- Houses have a median rent of $260.
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