YOUR OWN ESTATE OR CREATE A MINI RESORT in AMERICAN RIVER, South Australia for sale

A fantastic and magical place to create your own mini resort. American River is situated on the banks of Eastern Cove, where the sea flows into the expansive, aptly named, Pelican Lagoon. The property, which fronts the coastal Scenic Drive, is a total of 2931 m2 with an additional right of way that gives drive through access. The existing luxury elevated home has panoramic views of the Cove and the anchorage of American River. With 5 double bedrooms and 3 sparkling bathrooms, one with round spa bath, this home is fitted with modern contemporary fittings, including a Jag kitchen, Italian tiling, trendy tapware, with ducted r/cycle air cond throughout. The bathrooms have both underfloor heating and heated towel rails. Undercroft there is parking for several cars and space to easily build more accommodation. On the vacant area of the land and the adjoining block there is ample room to build a duplex or more numerous smaller units (subject to planning consents). The existing home would make a first class hosted Bed and Breakfast, or owners residence, while undercroft could be three spacious self contained units, plus all the other space for development. A rare chance to acquire such a well positioned property. American River is experiencing a resurgency of visitors with the newly built waterside Deck Cafe and the attraction of the rebuilding of the Schooner "Independence" and the RIG Boathouse. (www.rebuildindependence.org) More visitors are finding the attractions that the River has to offer with fishing, both jetty and boat; wild life and bird watching, including the endangered Glossy Black Cockatoo, which often visits the property.The River is also the sailing and boating centre of Kangaroo Island, with its permenant fleet of yachts, plus many visitors taking advantage of the fortnightly sailing in company. With wharf, jetty, pontoon and ramp the boating community is well catered for. An iinternational golf course has just been given approval nearby and another project including resort accommodation and direct ferry from the mainland, has Major Development status with the SA Government, which will create an enormous synergy effect for local businesses. The time looks right to invest in the River. The present owners are well passed retirement age, so are winding down and will move to their other River property.
"Kangaroo Island - nature's treasure island" and the jewel in the crown of SA tourism.