It does not make sense to me. At the very least, additional punctuation is needed. Perhaps what the author meant was this:
"I was not unprepared for (it = 'jagged rocks and treacherous shoals') -- it I could only have. Change -- change and the excitement of (the) unforeseen."
In my interpretation, "it" is the direct object of "have", and "change" is the start of a new thought.