PPHS take pleasure in offering for sale one of Penolas most dynamic commercial opportunities - triple fronted shop with rear access on huge block. Situated in a premier location at 48-52 Riddoch St, on a prominent main road in the CBD is this freehold commercial property offering a position with high traffic exposure yet ample parking.
This versatile property has two-three shopfronts with a street frontage of 13.6m & has the prodigious advantage of dual street frontages, with access from Julian Street. This large allotment of approximately 1200m2 may be subdivided (STCC). This commercial property represents an excellent opportunity for an investor/developer seeking to acquire a premium grade portfolio or would be perfect for the owner/occupier. There are so many flexible options on what you could do from these premises from retail, to offices to a restaurant or pizza house, or it would be perfect for a winery wanting to showcase their wares with wine tasting & sales (all STCC).
The size of Tarpeena is approximately 39.2 square kilometres. It has 1 park covering nearly 10.5% of total area. The population of Tarpeena in 2016 was 414 people. By 2021 the population was 392 showing a population decline of 5.3% in the area during that time. The predominant age group in Tarpeena is 50-59 years. Households in Tarpeena are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Tarpeena work in a labourer occupation.In 2021, 87.20% of the homes in Tarpeena were owner-occupied compared with 80.90% in 2016.
Tarpeena has 312 properties. Over the last 5 years, Houses in Tarpeena have seen a 129.43% increase in median value. As at 30 April 2026:
N/A
N/A
View TrendN/A
N/A
N/A
N/A
View TrendN/A
N/A
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.