The iconic Boomerang Motel located in the charming main township of Currie on the idyllic and naturally stunning King Island offers an extraordinary opportunity to secure a highly profitable and poised for expansion accommodation venture with unparalleled ocean and golf course views, set within a private and secluded landscape but within walking distance of the main township and all local amenities.
King Island is going through an unprecedented growth phase - with the current amount of accommodation on the island not able to keep pace with demand. The Boomerang Motel offers the opportunity to not only buy into an already highly profitable business but also to have the opportunity and land parcel size to allow for expansion and take advantage of long-term growth. (STCA).
The size of Currie is approximately 11.9 square kilometres. It has 2 parks covering nearly 3.5% of total area. The population of Currie in 2011 was 1,091 people. By 2016 the population was 768 showing a population decline of 29.6% in the area during that time. The predominant age group in Currie is 60-69 years. Households in Currie are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Currie work in a labourer occupation. In 2011, 59.1% of the homes in Currie were owner-occupied compared with 59.2% in 2016.
Currie has 587 properties. Over the last 5 years, Houses in Currie have seen a 22.87% increase in median value, while Units have seen a 85.58% increase. As at 31 October 2024:
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