MAGNETIC ISLAND – Solid block house on a large 991sq.m flat land with dual access, in a quiet leafy cul-de-sac in central Nelly Bay, Magnetic Island. Easy walk to shops, ferries and the school. This unique property is divided to create a duplex pair, comprising 4 double bedrooms with 4 bathrooms, and 2 kitchens. It can be used by an extended family or as a Bed and Breakfast. It can also be developed into a retreat/healing centre with existing massage/naturopathy clinic next door.

This recently renovated property is a solid investment with potential for expansion vertically and/or horizontally. Both external and internal walls are of solid block construction with 2.7m ceiling height, roof insulation and air-conditioner in every room. Both units are semi furnished (with linen, cleaning equipment, cooking utensils), as original set up was for an owner occupied BandB. Currently the two lots of tenants (on periodic tenancy) are returning $1600/month.

Magnetic Island is a popular tourist destination, only 20 minutes easy ferry ride from Townsville (North Queensland’s largest city) with impressive infrastructure and highest population growth in Queensland. Magnetic Island is offering a unique tempered island climate with amazing vistas of mountains, great variety of beaches and wildlife, surrounded by accessible coral reefs. The island is a Mecca of yachties, tourists, artists and musicians of national and international repute and home of yearly film and music festivals.