4-6 Grenfell Street

A rare offering of approximately 2,508 sqm of commerical land Lot 103 & Lot 104 located in Kingscotethe largest township on Kangaroo Islandis now available to the public market. Ideally positioned just 500 metres from the beach and 800 metres from the Jetty, this generous allotment sits in one of Kingscote's most sought-after pockets. Close to schools, parks, and essential amenities, it presents an ideal choice for those seeking a relaxed island lifestyle. The property provides a standout asset delivering consistently high investment income with outstanding holiday - letting returns. Development Plan Consent is pending at this stage , the construction of 14 single-storey holiday units comprisings one larger unit which can use as family unit or manager office. Each unit includes 1 bedroom, 1 bathroom,open kitchen and living space for sofabed and a parking space. The design features two rows of four units, with landscaped lawn areas, a shared BBQ space between the groups, and a corner utility zone with laundry and storage facilities. Since the Kangaroo Island bushfires in 2020, many hostels and accommodations were lost, and the tourism sector continues to experience a significant shortage of places to stay. With the convenience of modern mobile apps, managing short-term accommodation has become far easier and more efficient than ever before. This property presents a remarkable opportunity to step in, contribute to the revival of KI tourism, and build a rewarding investment for the future. Property Details: COUNCIL RATE$560.32 /quarter (approx) SA WATER : $82.30/quarter (approx) Emergency Services Levy: $63.05 per annual (approx) RLA: 272 867 *Please note that all the information provided for this property has been obtained from sources we believe to be accurate. We cannot guarantee the information is accurate however and we accept no liability for any errors or omissions including, but not limited to the property's land size, floor plans & dimensions, build size, building age, condition or any other particulars. Interested parties should always make their own inquiries and obtain their own legal advice.