Princess Rose and Train Master Graham (Rose Zemlany and Graham Russell) are selling their Magical & Colourful Kingdom of Penolaraya. Pic: Tait Schmall.
The long-time home of a fantasy kingdom in a small regional South Australian town is back on the market.
The neighbouring Penola properties at 38-40 Riddoch Street, more commonly known as The Magical and Colourful Kingdom of Penolaraya, are up for sale for the third time in the past two years.
The fantasy train showroom and park, which has been open to the public for more than a decade, features a collection of themed artwork, sculptures and model railways.
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The Penola properties at 38-40 Riddoch Street are back on the market. Pic: realestate.com.au
The Magical & Colourful Kingdom of Penolaraya. Pic: Tait Schmall.
The Magical & Colourful Kingdom of Penolaraya. Pic: Tait Schmall.
Owner and mastermind behind the imaginative world Graham Russel – or Train Master Graham as he preferred – listed his prized possession for sale in May 2018 to retire.
However, property records show it was taken off the market a year later.
It was listed again for a brief period between March and May this year before hitting the market again in September with a $350,000 asking price.
Thomas DeGaris & Clarkson real estate agent Meg Redman, who is selling the property with Karly Honner, said the offering was a little bit different this time.
The Magical & Colourful Kingdom of Penolaraya. Pic: Tait Schmall.
The one-bedroom cottage was built by Penola’s founder in the 1850s. Pic: realestate.com.au
It sits on the property at No. 40. Pic: realestate.com.au
Instead of selling the three-title property together, they have split the parcels.
“We’ve split it up – the block is for sale separately and then (parcels) 38 and 40 are for sale together,” Ms Redman said.
Prospective buyers also won’t get the chance to take over the theme park, as it was being removed.
The 1013sqm property at No. 38 is occupied by mostly warehouse-type structures, while the 1296sqm parcel at No. 40 has a one-bedroom cottage built by Penola’s founder Alexander Cameron in the 1850s.
The properties have been on and off the market since 2018. Pic: realestate.com.au
The Magical & Colourful Kingdom of Penolaraya. Pic: Tait Schmall.
“It’s a unique piece of property,” Ms Redman said.
“The cottage at number 40, it’s really beautiful and historic, which really fits in with Penola.
“I think it could be open to a really wide range of buyers.”
Ms Redman expected the properties to be in high demand, particularly since the Penola bypass had been completed.
“It’s essentially made Riddoch Street a dead end, and it’s really made it a hugely desirable street to live on,” she said.
“It’s probably one of the best locations in Penola without that through traffic anymore.”
The post Penola properties home to a fantasy kingdom back on the market appeared first on realestate.com.au.