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.

The upstairs renovated Managers Unit completes the Hostel and provides another financial benefit to the new owner wanting a neat and tidy, working investment on this island paradise right on the entry to the Great Barrier Reef.

Property inspections are by appointment only. Please contact Greg Banks on 0408 708 154 for more information on this exclusive NQ REALTY listing.