In great demand, accommodation servicing the western areas of KI is very rare and so it is with pleasure that Kangaroo Island Real Estate offer this jewel in Parndana's crown, for sale. The only accommodation in Pardana and surrounds, these 4 self contained units have a vacancy rate that is extremely low and if sold as a going concern the lucky buyer will inherit a very lucrative investment. Keep the business running, or buy it for accommodation for staff or permanent rentals or with Planning Approval create a Community Title development and on sell each unit for a tidy profit. The current Reception/Office could easily become a 5th unit, thereby increasing income and proft whichever option you choose.
The size of Parndana is approximately 2.8 square kilometres. The population of Parndana in 2011 was 146 people. By 2016 the population was 147 showing a population growth of 0.7% in the area during that time. The predominant age group in Parndana is 30-39 years. Households in Parndana are primarily childless couples and are likely to be repaying $300 - $449 per month on mortgage repayments. In general, people in Parndana work in a managers occupation. In 2011, 55.8% of the homes in Parndana were owner-occupied compared with 67.8% in 2016..
Parndana has 132 properties. Over the last 5 years, Houses in Parndana have seen a 104.46% increase in median value. As at 31 October 2024:
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