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Magnetic Island is one of Queensland, Australia's best kept secrets. An idyllic 52km mountainous island, 8km offshore from the city of Townsville. Accessible by fast ferry from Townsville Breakwater to Nelly Bay Harbour; when you step ashore you feel instantly relaxed. A very casual, laid back community with world class unspoilt beaches, it is the epitome of a tropical paradise.
Magnetic Island is a suburb of Townsville and is home to approximately 2,100 permanent residents. It's also a popular holiday getaway. Residents and visitors enjoy the 27 km² National Park and bird sanctuary; and walking tracks between the populated bays and to a number of tourist destinations such as the World War II forts.
Geoffrey Bay, Arcadia is centrally located, just one bay along from Nelly Bay Harbour and is also right next to picturesque, popular Alma Bay. There is a large sweeping beach with a fringing reef, extending the whole length of the bay offering great snorkeling. Also, at the Northern end of the Bay is the coral encrusted Moltke sailing barque wreck, great for scuba diving, especially night dives when the bright orange colours are particularly vivid by torchlight. Arcadia has a range of restaurants, cafes, accommodation and retail outlets available and, it's the ideal Island location for both holiday makers and permanent residents.
Situated at 16 Marine Parade directly opposite the beach at Geoffrey Bay, this property presents an outstanding investment opportunity.
This property comprises three blocks of land on two titles, totaling 3539sqm. The front of the property is accessed via Marine Parade, however there is a potential second access via Hordern Avenue. Townsville City Council has applied zoning as medium residential, meaning this site has the potential to be redeveloped with units or town houses, subject to approval.
There is an existing dwelling on the property which is a two storey, two-bedroom, one-bathroom home, currently tenanted.
All services are available to the land and home including water, electricity and sewerage.
If you are considering either a sea change or an investment opportunity, then 16 Marine Parade, Arcadia may be for you.
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* The above information is the average for each state in Australia For more details about loans, please send us an enquiry.
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Disclaimer: Currency shown is based on currency conversion, please refer to actual currency price of the property.