Prime Development Opportunity on Magnetic Island

$775,000

24 Warboys Street

Nelly Bay QLD 4819

Development

FOR SALE

Phone enquiries - please quote property ID 33210.

Discover the unparalleled beauty and potential of Magnetic Island, renowned for its stunning natural environment characterized by towering granite boulders, majestic hoop pines, pristine sandy beaches, and vibrant coral reefs. Nestled within this idyllic setting lies a rare gem—an expansive 2833-square-meter block boasting Tourist Core/Mixed Residential Zoning.

Strategically positioned just one street away from the renowned Nelly Bay Beach and the picturesque Esplanade, this centrally located property presents an unparalleled opportunity for development. Currently gracing the land is a two-bedroom house, providing a steady rental income stream while awaiting its transformation into a spectacular island development.

Not only will you be purchasing the unparalleled beauty and potential that is Magnetic Island. You will also be purchasing a piece of History. Property has been in our family since before 1939. Our grandfather and his brothers built the cottage in the old photos. Later during WW2, it became a radio hut for the army defenses on Magnetic Island, these are still a popular must-see for visitors as the forts and gun batteries have a commanding view of Cleveland Bay. When we were growing up both sides of the family spent time staying at the cottage with our grandparents, fishing playing on the beach, and swimming. Gumtreevilla as it became known has survived many cyclones the worst Althea back in 1972. When our grandparents passed away, Gumtreevilla became a sanctuary for people to live while they rebuilt their lives.

Key Features:
- Large 2833-square-meter block with Tourist Core/Mixed Residential Zoning
- Centrally located, just one street from Nelly Bay Beach and the Esplanade
- Two-bedroom house currently on the property, providing rental income
- Ideal location for a lucrative island development project
- Unbeatable value at this price point—an absolute bargain!
-Two street frontage Warboys Street residential end Sooning Street commercial end

Nearby Schools:
- Magnetic Island State School
Address: 17 Bottiger Street, Nelly Bay QLD 4819
Distance: 0.5km

Don't miss out on this extraordinary opportunity to capitalize on the allure and potential of Magnetic Island. Contact us today to explore the endless possibilities that await this prime development site.

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

Visit No Agent Business