Sold on 1st of April 2023

59-61 Bayview Road American River SA 5221

10 Bed
6 Bath
9 Car
2300m2 Land

Sold by Nick van Vliet & John Lewis

Another property sold. Please contact Nick or John for all your property advice.

Cooinda Holiday Village – home plus 4 units on 2 titles

Cooinda is an aboriginal word meaning ‘Happy Place’; here’s your chance to escape to Kangaroo Island to make a smart investment for your happiness. A splendid sea change property, set in a pristine and beautiful coastal environment, enjoy island life, and go fishing while your guests pay your bills.

The main home offers 4 bedrooms & 2 bathrooms. There are four 2 bedroom holiday units and a huge 14x7m workshop, all set on 2 titles with total land size of approximately 2300sqm, enjoying fabulous bay and harbor views of American River.

This income producing property offers the option of passive income with full time rentals, or short-term accommodation, on a walk in walk out basis

What we love about the property:
• Superb location on the harbor of American river
• Turn key, walk in / walk out with most home and unit furniture and items included
• Lots of recent maintenance and improvements, the property is immaculate

• Soaring raked timber ceilings
• Large 7×4.5m living room with slow combustion wood heater and air conditioner
• Light and bright spacious kitchen and dining area
• Kitchen has 900mm wide freestanding gas cooker, loads of bench and cupboard space, and large breakfast bar
• Primary bedroom has neat ensuite, walk in wardrobe and ceiling fan
• Bedrooms 2, 3 and 4 all have built in wardrobes
• Family bathroom has shower, bath, vanity and separate toilet
• Laundry and lots of extra storage cupboards
• 8.3 x 6.5 carport
• Raised deck

4 Units;
• 2 bedrooms with built in ‘robes
• Kitchen with 4 burner electric cooktop and breakfast bar
• Living area
• Bathroom with shower, toilet, vanity
• Reverse cycle air conditioning and ceiling fan
• Decked area to relax and take in the views
• 3 of the units come with own carport

Further income potential;
• Once mains water is connected, there may be potential for another 4 units to be built on the current rainwater tank site, (subject to council consent)
• Main home can also be leased short or long term, as it comes fully furnished

• Shed; 14x7m workshop with sliding door and personal door access, and adjacent pergola area
• Well established garden & grounds

• Mains power
• 9KW solar power
• Mains sewer
• Telephone line, wireless NBN internet
• 3 huge concrete rainwater tanks total 280,000L with mains water available later this year
• Ducted reverse cycle heating and cooling to home
• Wall unit air conditioners to units

American River is perfectly positioned, halfway between the main township of Kingscote and the Penneshaw ferry terminal. This peaceful gem is wrapped around the edge of Pelican lagoon, surrounded by beautiful bushland and wildlife. It is renowned for its fishing and birdwatching. A wonderful lifestyle location, offering peace, charm and village feel.

The wharf is at the centre of this small community. The Deck café is found here, next to the “RIG” Boathouse, and the oyster farm shop and other eateries are nearby, general store and post office for convenience

Your time now;
If it’s time to slow down and enjoy a change of pace, this property is well worth investigating. Relaxed and comfortable accommodation, and the cabins bring in a significant income source (further information upon request). Spectacular views, peace, and tranquillity, yet only 30 minutes from the main towns of Penneshaw or Kingscote. Kangaroo island is a tourism mecca, with so many natural wonders to explore. Excellent fishing, the local boat ramp is only 5 minutes away.

Come and check out this amazing place, you’re gonna love it

RLA 275403

Nick van Vliet

Real Estate Agent & Auctioneer

0416 088 556 Ask a Question

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