32 Picnic StreetPicnic Bay QLD 4819
Property Details for 32 Picnic St, Picnic Bay
Last Listing description (October 2019)
This unique boutique hostel offers the new owner a sea-change opportunity on one of North Queensland s best holiday destinations, Magnetic Island in stunning Picnic Bay. The resort offers private rooms for young couples and friends who travel together and seek respite from the normal dorms of backpackers while special interest groups are regular return visitors with annual music conventions regularly booking out the entire hostel.
Currently there is a combination of 15 rooms (single and double) available for guests. There are also another 6 rooms upstairs and a covered open area which could be further developed STCA to increase the available accommodation.
The complex has an impressive street entry, a resort style pool and garden area, reception, kitchen, lounge, laundry, linen room, store, maintenance room, with separate male and female amenities. All rooms, linen, beds, fitments and equipment being recently replaced or modernized while the complex includes a 10kw solar unit to ensure low ongoing and maintenance costs.
Property inspections are by appointment only. Please contact Greg Banks on 0408 708 154 for more information on this exclusive NQ REALTY listing.
Property History for 32 Picnic St, Picnic Bay, QLD 4819
- 29 Jul 2019Sold for $507,000
- 20 May 2019Listed for Sale $550,000 WIWO
- 09 Nov 2011Transferred for $478,500
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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 382 properties. Over the last 5 years, Houses in Picnic Bay have seen a 115.16% increase in median value, while Units have seen a 35.83% increase. As at 30 April 2026:
- The median value for Houses in Picnic Bay is $733,974 while the median value for Units is $576,711.
- Houses have a median rent of $303 while Units have a median rent of $250.
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