When developed the Airlie Beach properties for sale by Bruce Goddard of Place Projects will enjoy extensive Ocean, Island, Town and National Park views.
Presenting an outstanding redevelopment opportunity, these properties positioned opposite the beach are offered for sale for the first time in over 33 years through Place Projects specialist Bruce Goddard.
Located in the middle of the Airlie Beach tourism hub on Queensland’s Whitsunday Coast, the Magnums properties have been owned and continuously operated since 1988 by Australian Adventure Tourism Group Limited (AAT).
The properties, while largely undeveloped, connect the town’s unique tourism accommodation, retail and dining offerings, and adjoin Airlie Creek in the middle of town, with main street frontages and excellent pedestrian connectivity and access.
Source: Place Projects
Comprising a total area of approximately 1.73ha* over 2 titles, the properties’ current land use is in part vacant and in part occupied by the low rise Magnums Accommodation, split between the 11,569sqm* Lot 51 and 5,738sqm* Lot 331. *Approximate.
The properties are split between District Centre Zone and Mixed use Zone under the Whitsunday Regional Council Planning Scheme, and are within 100 metres proximity to the foreshore of Airlie Bay and Coral Sea waterways.
Source: Place Projects
Among the many possible land uses, the current proposed uses include development of hotel rooms (with an estimated 80 to 120 room 4-star hotel), 39 terrace homes to replace the current Magnums resort, continued operation of the Magnums resort or a service Station and associated convenience outlets (subject to DA).
These new developments will complement the existing separately owned and highly successful Magnums Hotel and Whitsunday Village Shopping Centre.
AAT is also prepared to provide an interim sale and lease-back or management arrangement for the existing property and business after a purchase completion.
Source: Place Projects
The site is being offered For Sale by Tender with a closing date of Thursday 11 November 2021.
To request a copy of the Information Memorandum please email the Place Projects marketing agent Bruce Goddard via the contact form below.
To view the listing or for more information click here.
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