The Island Motel property at Kingscote and associated redevelopment proposal has been listed for sale by its developer owners.
The property comes complete with the already approved development application for the complete redevelopment of the site complete with 54 new units.
The current owners and developers, reportedly with connections to China, have listed the entire property for sale with global property consultancy Knight Frank, which has listed it as a “strategic development site”.
The development proposal made the news in December 2017 when it was announced that the facade of the original 1912 Carnarvon House would be retained as a feature of the new premises.
KI Council CEO Andrew Boardman confirmed the already approved development application was transferable with the sale of the property.
The new owner was also free to submit a “variation of consent” to the council if they wanted to change the plans.
Island Motel general manager Shannon Eves said it was business as usual at the motel and its popular Thai nights were due to resume next week when his wife Phen returned from Thailand.
According to the Knight Frank company, the 8,490-square-metre site is situated at 2-4 Telegraph Road just off The Esplanade.
“Currently known as the Island Motel, the site has been approved to accommodate 54 new units, comprising 29 chalet units, 25 terrace units, 2 VIP units, communal space, recreational and pool facilities, and 34 car spaces,” the listing reads.
Kingscote Airport has recently undergone a major $20 million upgrade and runway extension to capitalise upon the 160,000 visitors who tour the island each year, which is a healthy average increase of 5.2 per cent over the past five years.”
A second passenger service from Cape Jervis to American River was now operating, complementing the existing Sealink vehicle ferry service to Penneshaw.”
Selling agent Russell Iles said Kangaroo Island was increasingly being recognised for its world-class organic food and wines, and unique scenery, flora and fauna.
“This is a timely opportunity to acquire a site capable of creating the standard of accommodation which international visitors to the Island now expect, and Kingscote is the optimal location for it on the back of the recent airport expansion and its strategic central position on the Island,” Mr Iles said.
The site is for sale by Expressions of Interest closing on Thursday, July 19.