Home, job and business in one with laidback lifestyle

Don’t miss out! Opportunities like this are rare. Own your own island resort on freehold land in a popular tourist destination. Live onsite in the manager’s private unit and live the island lifestyle. The resort is on a 1012sqm block only one street back from the beach and the jetty in picturesque Picnic Bay. The building consists of 21 double/triple rooms, communal bathrooms, kitchen, lounge, laundry and paved outdoor entertaining areas. The manager’s unit upstairs is a self-contained two bedroom unit with bathroom and kitchen. Upstairs has not been fully developed and there is an opportunity, pending development approval, to add several more rooms and bathrooms. Guests can relax in the hammocks or the in-ground pool, which is a real drawcard all year round, surrounded by established tropical gardens, which keep the building cooler during summer. The resort is currently run as budget accommodation targeting backpackers and budget travellers. It has been run as such for several years and has built a good reputation with many return guests. The potential to renovate and upgrade the current resort to a different level of accommodation could be an excellent opportunity either now or in the future.

Situated on Picnic Street, the property is only one minute’s walk to the jetty, the beach, the swimming enclosures, SLSC, pub, restaurants and shops. The golf club is less than 5 minutes walk and there are walks to nearby lookouts giving fantastic views over the National Park (covering two-thirds of the island) and Townsville.
Magnetic Island has been a popular tourist destination for many years drawing local, interstate and overseas tourists. While retaining its laidback charm, astute investors are discovering the secret and getting into the market while it is still reasonable with accommodation ranging from budget to deluxe. The island is only 8km from the mainland city of Townsville and is serviced by regular passenger ferries and vehicle ferries.