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. <br/><br/>A sensational, freehold investment opportunity, main road exposure to pedestrians and vehicles all day long.<br/><br/>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<br/>Rates approximately $13,772. Per annum.<br/><br/>At a Glance<br/>• Future development potential<br/>• 1311m2 Block<br/>• Sparkling Inground swimming pool<br/>• Main road exposure<br/>• Ample on-site car parking<br/>• Secure Reliable tenant<br/>• Arcadia is a high demand central location <br/><br/>Magnetic Island a renowned tropical holiday destination right on the fringe of the Great Barrier reef.<br/>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.<br/>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.<br/><br/>This opportunity is not to be missed contact MaryAnne today. Ph 0417 750 500<br/><br/>* These Zonings and Potential should be used as a guide only.<br/>Please check with the local council TOWNSVILLE CITY for current zoning.