20 Yule St, Picnic Bay is a 10 bedroom, 0 bathroom Unit with 6 parking spaces. The property has a land size of 1004m2 and floor size of 771m2.
Comprises 4X 2 bedroom and 1 X 3 bedroom luxury loft style apartments some with sea views. This complex is located close to Picnic Bay golf course, hotel, beach and jetty backing on to national park on tropical Magnetic Island, a suburb of Townsville, capital of North Queensland.
Formerly "Magnetic Compass Holiday Units, the complex is now offered subject to residential tenancy agreements producing a gross income of approx. $80,000 per annum.
Contact marketing agents Ray White Commercial Townsville on 07 4726 7888.
The size of Picnic Bay is approximately 4.1 square kilometres. It has 5 parks covering nearly 77.8% of 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 382 properties. Over the last 5 years, Houses in Picnic Bay have seen a 98.97% increase in median value, while Units have seen a 53.09% increase. As at 31 December 2025:
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