The Arcadia Village Motel overlooks the beautiful Marine Park of Geoffrey Bay on Magnetic Island which is situated eight kilometres from Townsville in tropical North Queensland.
- Perfect location opposite Geoffrey Bay and Alma Bay
- 25 year lease
- Large net profit
- Easily operated by a couple
- Current owners will assist with transition
- Large base of repeat clientele
- Property inspections are by appointment only
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:
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