34 Picnic Street, Picnic Bay, QLD 4819 | Commercial for sale | OnTheHouse
 
FOR SALE
$2,000,000

34 Picnic Street
Picnic Bay QLD 4819

Bedrooms: -
Bathrooms: -
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Floor area: 452m2
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Rare lifestyle opportunity on Magnetic Island

Phone enquiries - please call 1300 594 794 and quote property ID 41269.
A rare to market FHGC motel in sought-after Picnic Bay on beautiful Magnetic Island, a short 20 minute ferry trip from Townsville in North Queensland, Magnetic Island boasts an average 320 days of sunshine per year. If you're looking for a stunning lifestyle change close to the water in a growing and high demand region look no further than Tropical Palms.
Tropical Palms is a well presented and maintained family operated business located 100m from the Picnic Bay beachfront and jetty. The property is extremely energy efficient with 50.16KW solar system with 50kWh hybrid battery storage. This combined with efficient energy saving devices means very small to no electricity costs. Within a 2 minute stroll there is a pub, micro brewery and restaurants. Also proximity to The Magnetic Island Country Club golf course and jetty make the property a popular choice for wedding guests and golf groups.
The complex consists of twelve fully self-contained studio units,. There is a coin operated guest laundry and office/reception on the lower floor and a two bedroom owner/managers apartment on the second level.
The grounds boast tropical gardens, an in-ground salt water swimming pool and a covered entertainment area with BBQ.
The units are a mix of queen and twin rooms (twin rooms have a queen and single bed) catering to couples and small family units from both the domestic and international market. Mattresses have been replaced through out and are less than 12 months old.
Tropical Palms has Townsville Council approval to offer permanent, long stay accommodation making this an exciting opportunity for a passive investment.
Thanks to location, climate and excellent word of mouth, visitor numbers have been steadily increasing. The property ranks extremely well on booking sites and is easily run by a couple and one casual staff member.
Included in the sale is a fleet of seven Toyota hire vehicles.
Opportunity is knocking, this is your chance to live, work and play on a tropical island where others come to holiday.
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Property Details for 34 Picnic St, Picnic Bay

Building Type
Commercial
Floor Size
452m2
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About Picnic Bay 4819

The size of Picnic Bay is approximately 4.1 square kilometres. There are 5 parks, covering nearly 77.8% of the total area. The population of Picnic Bay in 2016 was 291 people. By 2021 the population was 367 showing a population growth of 26.1% in the area during that time. The predominant age group in Picnic Bay is 60-69 years. Households in Picnic Bay are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Picnic Bay work in a professional occupation.In 2021, 60.10% of the homes in Picnic Bay were owner-occupied compared with 50.30% in 2016.

Picnic Bay has 381 properties. Over the last 5 years, Houses in Picnic Bay have seen a 101.34% increase in median value, while Units have seen a 37.12% increase. As at 31 August 2026:

  • The median value for Houses in Picnic Bay is $739,859 while the median value for Units is $500,198.
  • Houses have a median rent of $303 while Units have a median rent of $250.
There are currently 6 properties listed for sale, and no properties listed for rent in Picnic bay on OnTheHouse. According to Cotality's data, 10 properties were sold in the past 12 months in Picnic bay.

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