53 Dauncey StreetKingscote SA 5223
Property Details for 53 Dauncey St, Kingscote
Last Listing description (May 2024)
* 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
* 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.
Property History for 53 Dauncey St, Kingscote, SA 5223
- 29 Apr 2024Listed for Sale Price Upon Enquiry
- 15 Apr 2024Sold
- 02 Jun 2023Listed for Sale Price Upon Enquiry
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About Kingscote 5223
The size of Kingscote is approximately 18.2 square kilometres. It has 21 parks covering nearly 3.8% of total area. The population of Kingscote in 2011 was 2,032 people. By 2016 the population was 1,820 showing a population decline of 10.4% in the area during that time. The predominant age group in Kingscote is 50-59 years. Households in Kingscote are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingscote work in a labourer occupation. In 2011, 66.6% of the homes in Kingscote were owner-occupied compared with 64.3% in 2016.
Kingscote has 1,726 properties. Over the last 5 years, Houses in Kingscote have seen a 73.18% increase in median value, while Units have seen a 31.14% increase. As at 31 August 2024:
- The median value for Houses in Kingscote is $448,383 while the median value for Units is $288,319.
- Houses have a median rent of $380 while Units have a median rent of $185.
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