Investment Opportunity on Magnetic Island

Located in Arcadia the heart of Magnetic Island on a freehold 1311m2 block with ocean view frontage of Geoffrey Bay and great potential in the future for a unit complex.

A sensational, freehold investment opportunity, main road exposure to pedestrians and vehicles all day long.

Tennant runs a very successful dive shop offering security of income currently $33,000 per annum with the tenant responsible for water and electricity, the lease expiring on 22/01/25
Rates approximately $13,772. Per annum.

At a Glance
• Future development potential
• 1311m2 Block
• Sparkling Inground swimming pool
• Main road exposure
• Ample on-site car parking
• Secure Reliable tenant
• Arcadia is a high demand central location

Magnetic Island a renowned tropical holiday destination right on the fringe of the Great Barrier reef.
The property is located less than a 5-minute walk to Alma Bay arguably one of the most picturesque beaches and can only be described as truly unique, even closer is a very popular local tavern with bistro and a news agency with lotto.
It is only five minutes' drive to supermarkets, chemist, medical clinic, primary school, and the ferry terminal where the passenger ferry departs to take you on a 20-minute trip across to Townsville on the mainland or take your vehicle on the car barge which is a 45 minute journey.

This opportunity is not to be missed contact MaryAnne today. Ph 0417 750 500

* These Zonings and Potential should be used as a guide only.
Please check with the local council TOWNSVILLE CITY for current zoning.