This unique site is located in beautiful Horseshoe Bay on Magnetic Island in tropical North Queensland and has a current D.A. for a 56 unit resort or apartment complex enjoying access to the pristine beach and spectacular views of Mount Cook and the surrounding national park.

Horseshoe Bay is the main tourist and water sport hub on the island and attracts thousands in international visitors each year.

The site would also suit an exclusive private residence or subdivision into smaller lots subject to local authority approval, and includes an existing dwelling house producing some holding income for the new owner.

Magnetic Island is located in the Coral Sea, a 20 minute ferry ride form Townsville, population 190,000 gateway to the Barrier Reef and the commercial and administrative capital of North Queensland with world class university and hospital facilities, a large military base, international airport and a new cruise liner terminal.

Property Code: 415