OFF MARKET

10 Marine Parade
Arcadia QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 1311m2
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Property Details for 10 Marine Pde, Arcadia

Building Type
Commercial
Land Size
1311m2
Local Government
Townsville City
Lot/Plan
2/RP707619

Last Listing description (December 2023)

UNDER CONTRACT By MaryAnne Law

Located in Arcadia the heart of Magnetic Island on a freehold 1311m2 block with ocean view frontage of Geoffrey Bay and great potential in the future for a unit complex.

A sensational, freehold investment opportunity, main road exposure to pedestrians and vehicles all day long.

Tennant runs a very successful dive shop offering security of income currently $33,000 per annum with the tenant responsible for water and electricity, the lease expiring on 22/01/25
Rates approximately $13,772. Per annum.

At a Glance
- Future development potential
- 1311m2 Block
- Sparkling Inground swimming pool
- Main road exposure
- Ample on-site car parking
- Secure Reliable tenant
- Arcadia is a high demand central location

Magnetic Island a renowned tropical holiday destination right on the fringe of the Great Barrier reef.
The property is located less than a 5-minute walk to Alma Bay arguably one of the most picturesque beaches and can only be described as truly unique, even closer is a very popular local tavern with bistro and a news agency with lotto.
It is only five minutes' drive to supermarkets, chemist, medical clinic, primary school, and the ferry terminal where the passenger ferry departs to take you on a 20-minute trip across to Townsville on the mainland or take your vehicle on the car barge which is a 45 minute journey.

This opportunity is not to be missed contact MaryAnne today. Ph 0417 750 500

* These Zonings and Potential should be used as a guide only.
Please check with the local council TOWNSVILLE CITY for current zoning.

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Property History for 10 Marine Pde, Arcadia, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$820,000
29 Oct 2023
  • 29 Oct 2023
    Sold for $820,000
  • 23 Sep 2022
    Listed for Sale $900,000
  • 19 Jun 2019
    Transferred for $225,000
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About Arcadia 4819

The size of Arcadia is approximately 5.8 square kilometres. It has 2 parks covering nearly 62.4% of total area. The population of Arcadia in 2011 was 237 people. By 2016 the population was 253 showing a population growth of 6.8% in the area during that time. The predominant age group in Arcadia is 60-69 years. Households in Arcadia are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Arcadia work in a professional occupation. In 2011, 47.5% of the homes in Arcadia were owner-occupied compared with 50.7% in 2016.

Arcadia has 392 properties. Over the last 5 years, Houses in Arcadia have seen a 72.41% increase in median value, while Units have seen a 192.83% increase. As at 30 November 2024:

  • The median value for Houses in Arcadia is $583,730 while the median value for Units is $399,155.
  • Houses have a median rent of $300 while Units have a median rent of $300.
There are currently 6 properties listed for sale, and 4 properties listed for rent in Arcadia on OnTheHouse. According to CoreLogic's data, 12 properties were sold in the past 12 months in Arcadia.

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