As a long established Island business location (Magnetic Touch Fashions) it offers enormous opportunity as both a commercial, rent-producing ($500 p.w. possible), investment as well as a fabulous entertainment and tropical lifestyle residence.
The property - which faces the dramatic backdrop of this World Heritage Island's boulder strewn escarpment - is very sound structurally and, as the home of Island builder, Mal Colwell, who added extensively from the original structure, has been maintained scrupulously and presents beautifully.
This is an ideal site for a home-based business venture but in it are the other options and opportunities as a leasing residence.
The entertainment capacity for the property's lush garden is truly legendary. The first of the Island's Australia's Biggest Morning Tea parties were held here and over 200 people happily partied and enjoyed a fashion show around the large, in-ground, pebble-finished, saltwater, resort-style pool, set amidst a dense and beautifully presented tropical garden. Though very spacious the garden and pool area is amazingly private from all sides. But as Islanders will tell youthis house knows how to party!
The interior is extensive and could be arranged for many purposes. A huge master bedroom with en suite bathroom opens onto an enclosed courtyard at one end and a decked garden area at the other. A study/office, multi-purpose rooms, laundry, large lounge and living room revolve around a practical and entertainment-friendly kitchen.
In this balmy tropical climate houses have less distinction between inside and out. From the kitchen benches through the lounge and out to a total relax zone at the table in the covered BBQ area, there's plenty of room to spread out.
The house is screened and window louvres allow the tropical breezes to bring coolness throughout.
The house also has two large storage annexes at the rear.
If you wonder if it really is possible to skip the big city and fulfill your dream on a tropical Island there are very few options to begin with but Magnetic Island is an exception. With a dramatic increase of interest in the Island's real estate potential now underway, a more timely investment is hard to imagine.
This is a genuine residential and business opportunity with a proven track record and a great future.
Price$975,000.00
All enquiries to:
magtouch@optusnet.com.au or phone:
(07) 47 785 990 BH
or (07) 47 581 399 AH
