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SOLD

53-55 Dauncey Street, Kingscote, SA, 5223

Properties / Sold / South Australia / Kingscote

Investment Potential

1. Property Summary

Selling Method

Contact Agent

Selling Details

Price Upon Enquiry

Land Area

4,594 m² (*approx)

Floor Area

1682 m² (*approx)

Property Type

Hotel/Leisure, Retail, Other

Sub-type

Hotel, Mixed Use

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2. Property Highlights

Queenscliffe Hotel & Shopping Village

* Freehold of the Queenscliffe Family Hotel & Bottle shop, plus 6 retail outlets.

* Est net imputed income $230,000 pa approx

* Est net passing income $208,000 pa approx

* Expansive site of 4,594 m2 approx with access from Dauncey, Commercial & Osmond Streets.

* Centrally positioned in the commercial heart of Kingscote, close to all facilities, including the waterfront & Drake's Supermarket.

* Anchored by the Queenscliffe Family Hotel & Bottle shop plus Cafe, Massage, Australia Post, and Northcott Fine Foods.

* Exciting opportunity to value-add via refurbishment and/or further development of the site

* Substantial local ongoing redevelopment and investment expenditure in Kingscote and on KI generally.

* Capitalise upon surging tourism visitations to Kangaroo Island.

* Genuine Sale - No stamp duty or GST payable.

For more information or to arrange an inspection, contact Tony Ricketts 0418 827 911.

Remember to mention you found this property on CommercialReady