62 Dauncey Street Kingscote SA 5223

Colliers is delighted to present for sale 62 Dauncey Street, Kingscote, a commercial opportunity for investors and owner occupiers in the heart of Kangaroo Island's retail and hospitality precinct.

The heritage two-storey building of 409sqm* has been occupied by longstanding and ASX-listed tenant ANZ since 1951. There is also a three-bedroom first floor residence with the property, providing a combined holding income of $73,416p.a.* Flexible zoning permits a range of outcomes including commercial, hospitality and residential (stnc).

Occupying a prominent 520sqm* corner site overlooking the ocean, the property is well-positioned within Kingscote's town centre and within walking distance of local dining, retail and tourism amenity. Approximately a 30min* flight from Adelaide Airport or 3.5hr* drive from Adelaide CBD, Kingscote is Kangaroo Island's largest town and its major tourism hub. The island is investing $62m in upcoming tourism projects, in addition to the current construction of two ferries ($57m) and the recently completed five-star hotel Southern Ocean Lodge ($55m).

Key Attributes:
• Two storey character building of 409sqm*
• $73,416p.a.* combined income from ANZ and Level 1 residence
• Occupied by ANZ since 1951
• Prominent corner site with ocean views
• Positioned in Kangaroo Island's commercial precinct
• Suited for office, retail, hotel, residential (stnc)

*approx.

For sale by Expressions of Interest closing Wednesday 30 October 2024 at 3pm (ACDT)

For further information, or to arrange an inspection, please contact the Colliers Team.