Savills Australia and New Zealand today announce it is exclusively representing the sale of highly sought after hotel development site, 61 Dauncey Street, Kingscote on Kangaroo Island.
A once in a lifetime opportunity to own a freehold DA approved land parcel on one of Australia’s best-loved tourist destinations, the 1,582sq m site has approval for 115 hotel rooms over five levels and guest facilities including check-in, all day dining restaurant, lobby, gymnasium and optional rooftop function and bar area. In addition, 25 car spaces can be provided as part of the proposed development.
Set on the main street of the island’s Kingscote township, the Dauncey Hotel site is highly accessible from the island’s sole airport in Kingscote (12km) which was delivered a $18m runway upgrade and new terminal building in 2018.
Visitors travelling to the island by air from Adelaide can expect travel time to be approximately 40 minutes in duration, with arrivals from the mainland also possible via a 45-minute SeaLink ferry transfer from Cape Jarvis to Penneshaw.
Speaking on the opportunity, Nick Lower, State Director NSW & Vic at Savills said, “With island tourism returning strongly as a result of border openings, and a renewed passion amongst visitors to explore one of Australia’s most beautiful destinations, Kangaroo Island is ripe for hosting a major international hotel brand on this site.
The Dauncey Street site is a fantastic opportunity for any owner or investor looking to gain exposure to what is set to be the island’s most eagerly awaited premium four-to-five-star hotel build,” Mr Lower concluded.
Stefan Zielonka, Executive at Savills added, “Kangaroo Island is home to no fewer than 300 tourism related businesses and with significant future investment committed to projects such as the rebuild of the Flinders Chase National Park, as well as the development of the Cliffs Golf Course and the Kingscote Wharf, the appetite for premium hotel accommodation options on the island is strong.”