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44 Tangara Drive, American River$530,000
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44 Tangara Drive

American River, SA 5221, Australia
$530,000
2 bed 1 bath737 m²

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About this property

Located in a prime waterfront position on 737 square metres within the township of American River, this property offers enormous potential for budding entrepreneurs and savvy business minded individuals. Recent home to The Oyster Farm Shop, farmgate retail outlet and tour base for the local oyster farm, this location has been the 'must visit' drawcard for American River, bringing thousands of visitors into the township for the past 12 years. It has featured in numerous television shows, print media and even ranked in Sealink's top 10 reasons to visit Kangaroo Island! A fuel station in a former life, this site is incredibly versatile and could suit a range of retail, manufacturing, tourism and hospitality pursuits. At the front of the property sits the main 'retail shop' with existing liquor licence. There's an enormous outdoor verandah and undercover seating area with quality pull down shade blinds overlooking the towns tennis courts, ocean and wharf precinct. Inside, there's yet another dedicated dining room adjacent the food preparation area complete with exhaust canopy. An office with handy roller door access and toilet are off to the side and at the rear of this building is an enormous split system air-conditioned space for processing, preparation and storage including a large cool room. An original two bedroom fisherman's shack sits at the rear of the allotment. With some upgrades and elbow grease it could prove a handy character residence for owners who wish to live on site or a great base for seasonal employees. There are two bedrooms and a cute little kitchen/dining area with fireplace - it would come up a treat. With a huge shed onsite there is also ample room for storage. The scenic village of American River is centrally located between Kingscote, the airport and Penneshaw - all within a 30 minute drive. As the gateway to Eastern Cove it's particularly popular with recreational fishers chasing King George Whiting. The oyster farm on the wharf brings a captive audience to this beautiful location and with the post office soon to relocate next door this location will be galvanised as the central hub of activity within the town. Kangaroo Island already enjoys over 200,000 visitors per year. Sealink's new ferries are on the way, providing increased capacity and crossings. This, along with the highly anticipated 'The Cliffs' Golf Course, just fifteen minutes away, will further increase tourism numbers and the demand for tourism experiences. It's not often that key waterfront commercial sites become available and offer such an opportunity to tap into the valuable domestic and international tourism market. The property is to be sold as a going concern with vacant possession, however there is a huge amount of equipment such as chest freezers, refrigerated display cabinets, tables, chairs and more that may be negotiated separately with the Vendors. Inspection is via private appointment and we welcome your enquiry! Additional photos on our website. SPECIFICATIONS: CT: 6125/833 Zoning: Township Activity Centre Council Rates: $TBC Emergency Services Levy: $TBC Liquor Licence: 57311355 Please note all development and change in use is subject to planning consents. Disclaimer: Whilst all information has been obtained from sources we believe to be accurate, it cannot be relied upon and we accept no liability for any errors or omissions (including but not limited to a property's land size, building size floor plans, building age and condition). All interested parties should seek and obtain independent advice. Access and inspection of this property is at your own risk. S&S Property and Projects accepts no responsibility for any loss, accident or injury or other liability incurred during the course of inspecting this property.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
2
Bathrooms
1
Land Area
737 m²
Listed
3 months ago

Repayment calculator

$2,569/month
$1,285 /fortnight
Loan $424,000 at 6.10% over 30 years

Upfront costs

Deposit$106,000
Stamp duty$22,980
Conveyancing (est.)$2,000
Total upfront$130,980
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Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in American River

This 2-bedroom house in American River, SA 5221 sits within reach of local amenities. It is listed 80% above the $295,000 median of 12 comparable houseswithin 5 km.

What's nearby

  • Unnamed176 m away

American River at a glance

Full suburb profile
Population
280
Median age
63
Household income
$831/wk
Median rent
$200/wk
Median mortgage
$696/mo

Source: ABS Census.

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44 Tangara Drive, American River SA — StMate