65 Bayview RoadAmerican River SA 5221
Property Details for 65 Bayview Rd, American River
Last Listing description (March 2022)
Phone enquiries - please quote property ID 25172.
The Wanderers Rest consists of
- A two bedroom residence with utility room, bathroom & WC..It opens onto a back lawned area and the back entrance to a 4 car garage/ workshop with mechanics pit. The garage also includes a laundry
-The house includes a restaurant which seats 20 - 40 people ( Pre Covid) (with a shared kitchen also for the residence) It is timber framed premises.
- On a lower level beneath the house is a store room and a games room.
- Accommodation for guests is nine double/ twin rooms with en suite bath rooms.
- Seven meter swimming pool
- Rooms and restaurant have striking views over Eastern Cove from their balcony's.
- Bio-cycle sewage system which provides water for the garden maintaining a green barrier against bush fire
Ideal lifestyle on Kangaroo Island
- At the moment water is supplied by two 40000 liter rainwater tanks. A town water supply is under consideration.
- As well as two in the shed, there are eight along the street. It would be possible extend parking.
The property is set on a large sloping block in a bush setting overlooking Eastern Cove in the town of American River.
The property is currently being used as accommodation with a fine dining restaurant. It is currently leased, but purchase of the business could negotiated.
It would suit a couple especially if one had restaurant/ cafe experience.One or two staff would be needed during the summer season and can be sourced from local population.
Kangaroo Island is a top tourist destination for South Australia. It has potential to be a international destination when travel returns.
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Property History for 65 Bayview Rd, American River, SA 5221
- 17 Nov 2022Sold for $600,000
- 20 Nov 2020Listed for Sale $600,000
- 09 Sep 2005Sold for $550,000
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0About 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.
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