5 Rankine Road

SOLD BY NIC MASTRANGELO- MASTRACORP REAL ESTATE Perfectly nestled between the river and the sea, 5 Rankine Road, Goolwa South offers an appealing combination of immediate usability, holding income and location, all set on a generous 726sqm (approx.) allotment. Originally established as a holiday home, the property comprises a twobedroom weatherboard residence and a large shed, providing comfortable and functional accommodation. The home is currently tenanted at $350 per week, with the lease having recently reverted to a periodic agreement, offering valuable flexibility for owneroccupiers, investors, or those planning to build something deserving in the near term. Well suited to both holiday and permanent living, the home features a simple and practical twobedroom configuration complemented by generous outdoor space. This creates a genuine opportunity to continue leasing while you plan your next steps, without the pressure or restriction of a longterm lease holding you back. There is no doubt the underlying value lies in the land, positioned within a quiet residential street with minimal thoroughfare and reflective of the strong demand for this tightly held pocket of Goolwa South. Just three streets back from the Hindmarsh Island riverside and within a fiveminute walk to Goolwa Main Street, the location is equally convenient and relaxed. Nearby highlights include the South Lakes Golf Course, Regatta Yacht Club, and Goolwa Main Beach, with cafés, boating facilities, walking trails and local amenities all close at hand. This is coastal living at its most relaxed and convenient a versatile offering providing income today, lifestyle appeal and future flexibility in one of the South Coast's most desirable locations. Key Features - Approx. 726sqm allotment - Twobedroom dwelling with solar power - Currently leased at $350 per week - Periodic tenancy providing flexibility for the new owner - Ideally located between the river and the sea - Close to Goolwa Beach, Main Street, riverfront and Hindmarsh Island Property Code: 2634