Rare lifestyle opportunity on Magnetic Island

About the Business

Phone enquiries - please call 1300 594 794 and quote property ID 41269.

A rare to market FHGC motel in sought-after Picnic Bay on beautiful Magnetic Island, a short 20 minute ferry trip from Townsville in North Queensland, Magnetic Island boasts an average 320 days of sunshine per year. If you're looking for a stunning lifestyle change close to the water in a growing and high demand region look no further than Tropical Palms.

Tropical Palms is a well presented and maintained family operated business located 100m from the Picnic Bay beachfront and jetty. The property is extremely energy efficient with 50.16KW solar system with 50kWh hybrid battery storage. This combined with efficient energy saving devices means very small to no electricity costs. Within a 2 minute stroll there is a pub, micro brewery and restaurants. Also proximity to The Magnetic Island Country Club golf course and jetty make the property a popular choice for wedding guests and golf groups.

The complex consists of twelve fully self-contained studio units,. There is a coin operated guest laundry and office/reception on the lower floor and a two bedroom owner/managers apartment on the second level.
The grounds boast tropical gardens, an in-ground salt water swimming pool and a covered entertainment area with BBQ.

The units are a mix of queen and twin rooms (twin rooms have a queen and single bed) catering to couples and small family units from both the domestic and international market. Mattresses have been replaced through out and are less than 12 months old.
Tropical Palms has Townsville Council approval to offer permanent, long stay accommodation making this an exciting opportunity for a passive investment.

Thanks to location, climate and excellent word of mouth, visitor numbers have been steadily increasing. The property ranks extremely well on booking sites and is easily run by a couple and one casual staff member.
Included in the sale is a fleet of seven Toyota hire vehicles.

Opportunity is knocking, this is your chance to live, work and play on a tropical island where others come to holiday.

DISCLAIMER No Agent Business (www.noagentbusiness.com.au) is an Australian For Sale By Owner website operating since 1999. We proudly assist business owners who are looking to sell their own business without paying any broker commission. While every care has been taken to verify the accuracy of the details in this advertisement, the correctness cannot be guaranteed.