Raine & Horne Magnetic Island is pleased to present a rare opportunity at 6 Pacific Drive, Horseshoe Bay, QLD, to the market.
This incredible freehold property is located on the main street of Horseshoe Bay, offering an exceptional investment opportunity. Properties of this caliber are rarely available, with the current owners having held it for over 28 years. The property spans 883m² and comprises four individual shops, all with solid leases.
Key features include:
Fully Tenanted Investment Opportunity
Horseshoe Bay Esplanade Dining Precinct
High Profile Outlets
Situated on the iconic Horseshoe Bay Esplanade, this property is a major focal point for both locals and visitors on Magnetic Island, North Queensland, Australia. The area is a vibrant recreational hub, perfect for evening dinners with stunning views, early morning jogs, and beach activities.
Land Area: Approx 883m²
Building Area: Approx 518m² under roof
Large Car Park at the Rear
Don't miss this unique investment opportunity. For further information, call Steve on 0499 500 032 or Ross 0428 785 012
The size of Horseshoe Bay is approximately 6.2 square kilometres. It has 3 parks covering nearly 34.5% of total area. The population of Horseshoe Bay in 2011 was 538 people. By 2016 the population was 559 showing a population growth of 3.9% in the area during that time. The predominant age group in Horseshoe Bay is 60-69 years. Households in Horseshoe Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horseshoe Bay work in a community and personal service occupation. In 2011, 64.6% of the homes in Horseshoe Bay were owner-occupied compared with 69.4% in 2016.
Horseshoe Bay has 597 properties. Over the last 5 years, Houses in Horseshoe Bay have seen a 65.20% increase in median value, while Units have seen a -0.92% decrease. As at 31 July 2024:
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