Situated on tropical Magnetic Island, this tightly held location is in the heart of the main watersport precinct of Horseshoe Bay.The property comprises an attractive complex of four retail shops with alfresco dining and on site parking overlooking the beach and parkland.Prime location with high foot traffic, close to bus stop, tourism operators, boat ramp & public facilities.Current net income approximately $120,000 per annum + GST .Magnetic Island, a suburb of Townsville - capital of North Queensland, is a thriving tourist destination with over 320 days of sunshine annually. Horseshoe Bay is renowned for its stunning beaches, outdoor activities, and vibrant arts community, making it a hotspot for business. Don't miss this exceptional opportunity, act now to secure this unique investment property.Contact exclusive agents Ray White Commercial Townsville for further information.
The size of Horseshoe Bay is approximately 6.2 square kilometres. It has 3 parks covering nearly 34.5% of total area. The population of Horseshoe Bay in 2016 was 578 people. By 2021 the population was 611 showing a population growth of 5.7% in the area during that time. The predominant age group in Horseshoe Bay is 60-69 years. Households in Horseshoe Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Horseshoe Bay work in a community and personal service occupation.In 2021, 83.00% of the homes in Horseshoe Bay were owner-occupied compared with 69.40% in 2016.
Horseshoe Bay has 623 properties. Over the last 5 years, Houses in Horseshoe Bay have seen a 95.82% increase in median value, while Units have seen a 34.41% increase. As at 31 December 2025:
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