For Sale by Expressions of Interest closing Friday 19th November 2010

Highly sought-after lifestyle position with unparalleled views
Three titles totalling 8,339m2 fronting Alma Bay with direct beach access
Plans in place for 16 Lot subdivision or potential for up to 67 units
A magnificent residential development site located just 20 mins from Townsville
Various improvement including three residences plus 22 self-contained units, swimming pool, half tennis court and beachside restaurant

With its stunning elevated location overlooking Alma Bay, the complex is ideally suited to redevelopment with a range of residential options viable. With direct beach frontage and access via the dress-circle address of Olympus Crescent, this is a once in a lifetime opportunity to obtain a prime beachfront island freehold property.
Located only eight kilometres offshore from Townsville within a World Heritage Listed Marine Park, Magnetic Island has a resident population of approximately 2,500. More than half the island’s 5184 hectares is National park featuring hoop pines, eucalypt forest and small stands of rainforest. There are 24 kilometres of walking tracks through the park, which is a haven for wildlife including koalas, rock wallabies, possums and a variety of tropical bird life.
Some of the best beaches and most picturesque bays in Queensland are found on the island, with the more secluded ones only accessible by walking or by boat.
The island is serviced by a regular passenger and vehicle ferry service to Townsville and averages 320 fine sunny days per year.

For Sale by Expressions of Interest closing Friday 19th November 2010

For further information, or to organise an inspection please contact:

Alex Strens
Smith and Elliott Real Estate
0429 079 429
07 4778 5570

Steven McDonald
Colliers International
0418 766 680
07 4721 2622