OFF MARKET

18 Buick Drive
American River SA 5221

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1079m2
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Property Details for 18 Buick Dr, American River

Building Type
Land
Year Built
2017
Land Size
1079m2
Local Government
Kangaroo Island
Lot/Plan
A14/D10782

Last Listing description (December 2022)

This rare freehold commercial property is sited on a highly visible 820 square metre level corner block on the main road into American River, one block back from the seafront. The building is purpose designed, fully disabled access compliant, and meets all Australia Post standards.

The building is fully air-conditioned, has quality Italian stone floor tiles, covered deck/seating relaxation area, a massive 13.2 kWh solar system, a storage shed, and covered staff and disabled car parking. The building was constructed to purpose in 2017. Paint, floor-coverings and fixed chattels are all in clean, near-new condition.

The tenant business is thriving, with strong support from locals, and growth from population increase and constantly growing local tourism. It is the only Post Office, store and liquor outlet within 45 kilometres. American River is a beautiful, peaceful fishing village and popular holiday location on Kangaroo Island, South Australia's premier tourist destination.


A secure 5 x 5 lease is in place, returning $1700 pcm or $20,400 per year, with cpi increases annually. At the asking price of $285,000, this is an annual return of over 7%.

The building is designed for flexibility of use, and could easily be converted into a three bedroom residence if desired at the end of the tenancy, or re-leased for a variety of commercial purposes. Floor plan does not show covered seating area or pergola/covered parking.

This property will move quickly.

The Phone Code for this property is: 56123. Please quote this number when phoning or texting.

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.

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Property History for 18 Buick Dr, American River, SA 5221

A timeline of how this property has performed in the market
Last Sold
$300,000
15 Jan 2021
  • 07 Dec 2022
    Listed for Sale Not Disclosed
  • 15 Jan 2021
    Sold for $300,000
  • 03 Dec 2020
    Listed for Sale $285,000
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About American River 5221

The size of American River is approximately 3.7 square kilometres. It has 10 parks covering nearly 13% of total area. The population of American River in 2011 was 215 people. By 2016 the population was 247 showing a population growth of 14.9% in the area during that time. The predominant age group in American River is 60-69 years. Households in American River are primarily childless couples and are likely to be repaying $600 - $799 per month on mortgage repayments. In general, people in American River work in a managers occupation. In 2011, 68.5% of the homes in American River were owner-occupied compared with 76.6% in 2016.

American River has 645 properties. Over the last 5 years, Houses in American River have seen a 94.46% increase in median value, while Units have seen a 5.04% increase. As at 30 November 2024:

  • The median value for Houses in American River is $442,013 while the median value for Units is $379,610.
  • Houses have a median rent of $193.
There are currently 11 properties listed for sale, and no properties listed for rent in American river on OnTheHouse. According to CoreLogic's data, 32 properties were sold in the past 12 months in American river.

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