7-9 Netherby Road

Currie TAS 7256

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.