10 Marine ParadeArcadia QLD 4819
Property Details for 10 Marine Pde, Arcadia
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.
Property History for 10 Marine Pde, Arcadia, QLD 4819
- 29 Oct 2023Sold for $820,000
- 23 Sep 2022Listed for Sale $900,000
- 19 Jun 2019Transferred 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 2016 was 248 people. By 2021 the population was 246 showing a population decline of 0.8% 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 $1400 - $1799 per month on mortgage repayments. In general, people in Arcadia work in a managers occupation.In 2021, 59.40% of the homes in Arcadia were owner-occupied compared with 50.70% in 2016.
Arcadia has 392 properties. Over the last 5 years, Houses in Arcadia have seen a 85.18% increase in median value, while Units have seen a 100.31% increase. As at 31 March 2026:
- The median value for Houses in Arcadia is $656,473 while the median value for Units is $489,085.
- Houses have a median rent of $300 while Units have a median rent of $300.
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