A riverside home purchased by Adelaide hotelier Peter Hurley four years ago has returned to the market after receiving a resort-style makeover. Picture: supplied.
Having owned and operated hotels for more than 40 years, Peter Hurley is no stranger to taking on new projects.
This includes the Mannum property at 9 River Lane, a six-bedroom property that the hotelier purchased “on a whim” in 2021 after realising its immense potential to help fill a critical accommodation gap on the River Murray.
![Supplied Real Estate 9 River Lane, Mannum. Pic: realestate.com.au](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 1280 720"%3E%3C/svg%3E)
The Mannum property at 9 River Lane looks more like a hotel than a house. Picture: realestate.com.au
It’s in a prime spot near the water. Picture: realestate.com.au
It’s bright and spacious inside. Picture: realestate.com.au
Check out the view from this bedroom. Picture: realestate.com.au
Originally designed with family living in mind, the three-level property has been re-imagined to encompass a modernised two-bedroom penthouse, four-holiday apartments and garaging for up to seven cars – giving the residence a resort-style feel with income potential.
“We bought it incomplete four years ago or, as my wife would say, I bought it on a bit of a whim,” he said.
“But it’s just a stunning property.
“It’s magnificent … and I just saw it as an easy, just finish-it-off, development opportunity to extend our existing accommodation business.
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“There wasn’t that much left to do so we just gradually finished it off to the standard it is now … which included finishing the garage flooring and painting the furniture in a lighter colour.
“Over the years, we’ve also let out the four studio apartments (as holiday accommodation) and that palatial-like home on the top level, my wife Jenny and I have only really stayed there once … so it’s been sitting there, brand new and unused for many years, which is a real shame … and part of the reason we’ve now decided to sell.”
The huge property has six bedrooms and six bathrooms. Picture: realestate.com.au
The house is on a 613sq m block. Picture: realestate.com.au
What a spot to entertain. Picture: realestate.com.au
There is plenty of space for cars as well. Picture: realestate.com.au
Listed with a price guide of $2.5m to $2.75m, the 613sq m property is likely to set a new residential sales record for Mannum when it sells.
The current record holder is a modern-built home at 100A River Lane, which sold for $1.595m in 2018.
Mr Hurley said the property was ideal for investors or buyers looking for a property with generational living appeal.
“The perfect buyer would be a semi-retired motelier that wanted a lifestyle by the river,” he said.
“They could live upstairs in a palatial home and for just a few hours, making beds and doing a little cleaning, could generate themselves an income of $60,000 (annually) by letting out the studio apartments on the first level.
“The other potential market is couples with adult children who want to have a home of their own with self-contained apartments for their kids to visit.”
Selling agent Lindsay Warner of Williams Real Estate said the property was attracting early interest from a diverse range of buyers.
“It’s such an iconic building in Mannum – everyone knows it as it’s got this palatial, hotel-like look to it,” he said.
“So we’ve had a little bit of inquiry already because of its price range and location.”
