Potential development of some 110 beachside allotments (subject to further council consents) only 1.7km’s to Kingscote main street

Expressions of interest closing 8 October at 4pm (unless sold before)

A previous provisional planning consent was granted in 2001 for 110 allotments (now lapsed), this north facing development site is the future of Kangaroo Island’s regional hubs’ housing and tourism accommodation. This development site is ideal to become part of the “new Kingscote” as Kangaroo Island’s tourism industry is increasing substantially. What is required is a developer to share the vision that Kangaroo Island’s tourism future is a bright one.

Features of the site:

* Relatively low development costs due to the connectivity with the previous development through common effluent, mains water & electricity
* 7.595 ha with a slight gradient to assist with views, good drainage and bitumen road access
* Kingscote and Brownlow sales during 1/6/07-1/6/09 for vacant lots and houses on 400sqm to 3000sqm = 188 sales (75 land only) – rp data results in Kingscote & Brownlow
* It’s worth noting that “discretionary beachfront buying” dropped dramatically in the 2008-09 years and could pick up again in coming years

Positive signs for Kangaroo Island’s future growth:

– Aus$ devalued over the past 12 months resulting in better value holidays for internationals – reflected in official figures.

- Safety overseas is a major concern for Australian tourists staying local.

- Eco-holidays will increase

-getaway from hussle and bussle of fast paced lives.

- Petrol prices have decreased and stabilised

-result: more self-drive holidays to k.i.

- Aviation industry in price war

-Kangaroo Island more accessible/cheaper

- Submission for federal/state subsidy for ferry service will slash travel price by substantially

-This has been submitted this year.

- New figures from Colmar Brunton research indicate visitation to k.i increased december, january & february from previous years.

-The world is seeking “clean & green” investments

- Kangaroo Island is now in the top 4 most visited destinations by internationals travelling to Australia

- Voted #1 island in the south pacific & #5 in the world

National Geographic magazine.

- Southern Ocean lodge

6 star resort which is creating international exposure and has already won the world’s best lodge within 1 year of opening

This property is proudly marketed by Alexander Ouwens from Brock Harcourts Adelaide. Please call me on 0438 422 975 or email on aouwens@brockharcourts.com.au to arrange an inspection of this property, I will be very happy to provide additional information as required as well as local information and the investment potential you can expect when you purchase this outstanding offering. My experience from both living and working around Kangaroo Island is your key to obtaining the right advice needed to purchase this investment.

In conjunction with Savills’ Rob Williamson 0412 803 482 : rwilliamson@savills.com.au
Savills RLA1786 : Level 2, 50 Hindmarsh Square, Adelaide SA 5000 : (08) 8237 5026

General Information:

C/T = 5953/363
Council = Kangaroo Island
Zoning = residential
Council rates = $5957.70pa
SA water = $43.20 pqtr
ES levy = $72.80 pa
Land size = 7.595 ha (approx)

When viewing this property book your Kangaroo Island holiday accommodation through www.clubki.com.au.

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