Penola – The gateway to South Australia’s famous Coonawarra wine region and a must-visit tourist destination. Located here, on premier Riddoch Street, in the historic precinct of Penola, can be found 58 Riddoch St; A commercial premise offering business ventures new or old an attractive freehold.

The historic Cobb & Co building has a story to tell, a throwback to a bygone era. Built in the 1850’s, this charming building was once a cheese and butter factory and later tearooms, restaurant and food manufacturing and distribution facility. ‘The Tregenza Gallery’, a separate stone structure was added in the1920’s.

Today, the two are joined by a single-story weatherboard–clad service section, comprising male and female toilet facilities and a recently upgraded commercial kitchen; Fume extraction canopy, industrial dish washing machine, cool room, stainless steel work bench with sink and three phase power supply are all features.

A veranda of generous proportions ties the spaces together and makes an undercover thoroughfare through to the large open garden (1,086m2) at the rear. Here, out of the weather and with an outlook over to the Mary MacKillop Interpretive Centre, would make an ideal alfresco extension for a wide range of possible uses.

The many possibilities include; boutique/niche food manufacturing, micro-brewery/distillery, cooking school/catering hub, regional wine tasting and interpretive centre, restaurant/wine bar, café/film, theatre/events venue, boutique professional offices or home and office accommodation (STCA).

Set on a substantial 1,086m2 corner allotment with dual access, ample street parking and plenty of land to make more improvements; This one-off property is versatile and flexible – a rare find with multiple spaces (and plenty of space) at play.

**The baseline food manufacturing safety processes and systems established by ‘Outback Pride’ for food production at Cobb & Co, are available by separate arrangement to pass over to any incoming new food manufacturing enterprise. So too is the external all weather, dry storage facility of approximately 50cubic meters available by separate arrangement. An additional feature of the building is a purpose built, off road goods receiving and dispatching loading dock, suitable for use by fork-lift**

Rarely does an investment opportunity this attractive, flexible and with a story to tell present itself. Call Meg or Mark today to arrange a private inspection, or to talk more about the potential.

Read the full story at;

https://www.tdcpenola.com.au/cobb-and-co

Registrations of Interest open July 12 and close August 23 at 4pm. Please contact Mark De Garis 0428 372 124 or Meg Redman 0407 740 034 for more information.