3 Owen Smith DriveCurrie TAS 7256
Property Details for 3 Owen Smith Dr, Currie
Last Listing description (May 2023)
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 motel complex at present comprises of 16 well finished motel rooms, a family sized accommodation room/conference room, restaurant with sweeping ocean views that includes fully equipped and recently upgraded commercial kitchen, 100 seat capacity dining room, bar and lounge area, al fresco decking area, 2/3 bedroom managers residence, office in house laundry and abundant parking ... all spread over a land parcel size of just over 1 hectare - more than large enough to allow for expansion - either above the units already in place to capture more ocean views, potential suites under the restaurant building or at ground level. (STCA).
King Island is historically well known for it's wonderful dairy, cheeses, beef and lobster but this fabulous island also boasts two of the best rated golf courses in Australia, world class surfing beaches, newly established gin distilleries, boutique beer offerings and more - with one of the islands restaurants just being voted the best in Australia - all of which are adding to the boom in tourism for the island.
Forward bookings demonstrate a further increase on an already bumper year for the motel with further development on the island securing growth well into the future. Increased flights to the island daily clearly demonstrate the growth in tourism traffic, with golf tourism in particular generating it's own private charters alongside commercial flight offerings.
The Boomerang Motel complex offers the astute buyer the unique opportunity of purchasing a highly profitable growth business investment to be managed externally or indeed to purchase the quintessential lifestyle change opportunity to relocate to island life and engage with local community, as well as visiting tourists to the island daily, all whilst running a highly profitable enterprise. An opportunity definitely not to be missed.
For further information or to arrange a private inspection, please contact - Sue Gratton on - 0407 599 559 or email - sue@circaheritageandlifestyle.com.au.
Property History for 3 Owen Smith Dr, Currie, TAS 7256
- 24 Feb 2023Sold for $1,649,999
- 30 Sep 2022Listed for Sale Contact Agent
- 20 Jun 2007Sold for $736,000
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0About Currie 7256
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 2016 was 768 people. By 2021 the population was 766 showing a population decline of 0.3% in the area during that time. The predominant age group in Currie is 50-59 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 2021, 64.80% of the homes in Currie were owner-occupied compared with 59.20% in 2016.
Currie has 591 properties. Over the last 5 years, Houses in Currie have seen a 52.53% increase in median value, while Units have seen a -63.81% decrease. As at 31 March 2026:
- The median value for Houses in Currie is $434,110 while the median value for Units is $356,615.
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