‘THE OLD KING ISLAND HOSPITAL’ UNITS – SOLID INVESTMENT WITH FURTHER DEVELOPMENT POTENTIAL OPPORTUNITY.

This centrally located 6 unit ( 1 x 4 bedroom + 5 x 1 bedroom ) complex on a land parcel of 2,059m2 with residential zoning in the main township of Currie on the picturesque and rapidly expanding King Island offers an extraordinary opportunity to secure a highly profitable accommodation venture within walking distance to all local amenities, eateries, golf course and ocean front.

King Island is going through an unprecedented growth phase, with the amount of accommodation on the island not keeping pace with demand. The charming ‘Old King Island Hospital’ unit complex offers the opportunity not only to buy into an already very profitable holding but also to take advantage of long-term growth. All units have been fully leased for several years with tenants waiting, however, there is a major opportunity to upgrade units, either on a staged basis or together for short term holiday letting. Planning approval for such a conversion is already in place.

King Island is well known for its dairy, cheese, beef and lobster, however the island also boasts two of the best rated golf courses in Australia, world class surf beaches, newly established gin distilleries, boutique beer offerings and more … further commercial development on the island has secured growth here well into the future. The ‘Old King Island Hospital’ units complex offers an opportunity not to be missed.

For further information or to arrange a private inspection, please contact – Sue Gratton on – 0507 599 559 or email – sue@circaheritageandlifestyle.com.au.