Century 21 Kangaroo Island offers this investment opportunity, 11 Murray Street Kingscote.Currently leased as a parcel postage facility to Australian Postal Corporation. Lease commenced 16 January 2023, initial lease term 5 years plus option for further 3 years.Lease inclusive of;Annual rent review fixed at 2.5%Mains power and waterToilet/wash room facilities Current rent $15,990 per annumOperating Costs/Outgoings - Lessee to pay costs in accordance with the lease.Zoned - Township MainstreetApproximate dimensions of shed 23m x 11m, inclusive of concrete floor and concreted apron area surrounding the shed.Inspection strictly by appointment and all contact direct to the agent. Interested parties are requested not to visit the site without permission due to privacy reasons.For more information contact selling agents at Century 21 Kangaroo Island, Michael Barrett 0427 727 333 or Marnee Clifford 0486 312 375
The size of Kingscote is approximately 18.2 square kilometres. It has 21 parks covering nearly 3.8% of total area. The population of Kingscote in 2016 was 1826 people. By 2021 the population was 1962 showing a population growth of 7.4% in the area during that time. The predominant age group in Kingscote is 60-69 years. Households in Kingscote are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Kingscote work in a labourer occupation.In 2021, 64.80% of the homes in Kingscote were owner-occupied compared with 64.30% in 2016.
Kingscote has 1,730 properties. Over the last 5 years, Houses in Kingscote have seen a 65.35% increase in median value, while Units have seen a 128.87% increase. As at 30 April 2026:
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