7-9 Netherby Rd, Currie is a 0 bedroom, 0 bathroom Unit with 12 parking spaces and was built in 1973. The property has a land size of 2059m2 and floor size of 2059m2. While the property is not currently for sale or for rent, it was last sold in April 2023.
This centrally located 6 unit ( 1 x 4 bedroom + 5 x 1 bedroom ) complex on a land parcel of 2,059m2 with residential zoning in the main township of Currie on the picturesque and rapidly expanding King Island offers an extraordinary opportunity to secure a highly profitable accommodation venture within walking distance to all local amenities, eateries, golf course and ocean front.
King Island is going through an unprecedented growth phase, with the amount of accommodation on the island not keeping pace with demand. The charming 'Old King Island Hospital' unit complex offers the opportunity not only to buy into an already very profitable holding but also to take advantage of long-term growth. All units have been fully leased for several years with tenants waiting, however, there is a major opportunity to upgrade units, either on a staged basis or together for short term holiday letting. Planning approval for such a conversion is already in place.
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 12.39% increase in median value, while Units have seen a 87.99% increase. As at 30 September 2024:
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