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Assortment of Kangaroo Island cabins present worthwhile organization opportunity

You may possibly have travelled to Kangaroo Island for a getaway before – or at least imagined about it – but have you at any time thought of tapping into its well-liked tourism current market?

Now is your opportunity with a collection of holiday cabins in the island’s principal township Kingscote up for grabs.

The 6ha parcel at 136 Playford Highway contains 10 a person and two-bed room cabins, all of which have kitchen facilities and bogs.

On three different titles, the huge land parcel with all 10 cabins is detailed with an asking cost of $690,000.

Century 21 Kangaroo Island principal Michael Barrett, who is offering the property, mentioned it available a beneficial investment decision prospect, especially as far more folks commenced to flock back again to the island for holiday seasons in the wake of the coronavirus pandemic and bushfires.

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“The vendor claimed to me that it delivers in practically $200,000 a year – it is quite a lucrative minor business” he explained.

“He established it up so he bought the cabins and in some he constructed ensuites on the aspect of them.

“It’s a good opportunity and you really don’t need to be an skilled to hire it.”

With the interstate seller marketing the home to retire, Mr Barrett said the new proprietor could both take care of it themselves or keep on to use the person who was at present taking bookings and the other who was cleansing the cabins.

“All you will need to do is mow the grass each individual now and then,” he explained.

Alternatively, Mr Barrett explained the cabins, which were worthy of $50,000 to $60,000 each, could be rented out to tenants hunting to continue to be for a longer period than the ordinary vacation-maker.

“We’re obtaining there’s a huge lack in household rental lodging in this article,” he reported.