7 The Esplanade Nelly Bay Magnetic Island QLD 4819

LOCATION LOCATION LOCATION
Four units on a 2588 sqm block with street frontage both to the waterfront Esplanade and to Warboys Street. At present the block houses 2X2 and 2X1 Bedroom units with 2 garages, swimming pool , BBQ area and extensive tropical gardens. The gross annual income is $92,000. There is the potential to build 18 units on the site or to subdivide the site into 2 lots, both with street frontage. This property offers fantastic investment potential to gain an income while organising the redevelopment of the site. ABSOLUTE BEACH FRONTAGE IS HARD TO FIND. Enquire now: ring Murray on 0418 313245 or Malcolm on 0429 785 715.