Strategically located on the main road in Historic Central Goolwa, this renown property is currently leased to "Rankines @ the Whistlestop Caf, Bar & Restaurant".
Comprising a site area of some 470m with 3 street frontages, the improvements have been home to one of the South Coast's most popular and reliable restaurants for over 20 years. The restaurant was partly re-built Circa 2003 and comprises some 157m including porch and sheltered front verandah alfresco dining area and includes air-conditioning, ceiling fans, combustion heater, security system, outdoor dining areas, toilet facilities and grease trap.
A detached 1 to 2 bedroom 'Bed & Breakfast' building of some 137m provides tourist accommodation options and overlooks the wharf reserve and lower Murray River. The quaint building has frontage to Admiral Terrace and offers the lessee additional income as a one-bedroom self-contained apartment. The remaining rooms are utilised as an office and general storage. The versatile building was used as a residence for a previous lessee and is a versatile option for a future owner/occupier.
Both the restaurant building, and accommodation/residence comprise of rendered brick exterior with galvanized iron roof, and internal cathedral ceilings with exposed timber joinery and are separated by a paved courtyard.
The attractive monthly rental of $5,220.93 plus GST, plus outgoings for council rates, insurance, all services and the Emergency Services Levy offer a sound return for investors.
The lease on this established well positioned commercial property situated in the State Heritage zone of Goolwa Township expires on 30th November 2027 and has 1 right of renewal allowing a variety of future options.
Contact Agent for details and to arrange an inspection by appointment
Philip Dodd: 0409 094 202
Email: enquiries@doddandpage.com.au
www.doddandpage.com.au
The size of Goolwa is approximately 17.4 square kilometres. It has 11 parks covering nearly 1.4% of total area. The population of Goolwa in 2016 was 2350 people. By 2021 the population was 2558 showing a population growth of 8.8% in the area during that time. The predominant age group in Goolwa is 70-79 years. Households in Goolwa are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Goolwa work in a community and personal service occupation.In 2021, 66.40% of the homes in Goolwa were owner-occupied compared with 68.80% in 2016.
Goolwa has 1,888 properties. Over the last 5 years, Houses in Goolwa have seen a 90.07% increase in median value, while Units have seen a 119.11% increase. As at 31 January 2026:
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