FOR SALE
$745,000

5 Osborn Court
Nelly Bay QLD 4819

Bedrooms: 6
Bathrooms: 3
Car spaces: -
Land area: 812m2
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Triplex in excellent central location

An ideal investment opportunity arises - a rare multi-unit block of 3 x 2 bed, 1 bath units, in a great central location near the ferry, school, shops, restaurants & marina, yet off the noisy main road.
Low maintenance block construction with a large paved entry and garden area to the far end where a pool could be added if desired. Each unit has two good-sized bedrooms, both with built-in wardrobes, bathroom with shower over bath (except unit 1 which has been renovated to just a shower) and separate toilet, living area with rear sliding doors and kitchen with front door providing good cross ventilation. There's an external laundry/store area on the front patio and a separate shed store for each unit in the garden area.
Unit 1: vacant - rent estimate in current market $350 per week.
Unit 2: Fixed term lease at $280 p/w to 10th Jan 2026.
Unit 3: Periodic lease at $220 per week.
Whilst liveable as is, a few renovations would improve this property significantly - a coat of fresh paint, updates to kitchens and bathrooms and new tiles to units 2 & 3 to bring them up to the standard of unit 1.
Council rates approx $8000 p.a. including water.
Contact Alex to arrange a private inspection by appointment - NB whilst we can arrange an inspection of the vacant unit at relatively short notice, we do need to provide the tenants with adequate notice prior to inspection so please provide us with as much notice as possible.
This information has been provided to us by third parties and we do not accept any responsibility for its accuracy. You should make your own enquiries and check the information so as to determine whether or not this information is in fact accurate. You must make your own assessment and obtain professional advice if necessary.
Property Code: 1623

Property Details for 5 Osborn Ct, Nelly Bay

5 Osborn Ct, Nelly Bay is a 6 bedroom, 3 bathroom House. The property has a land size of 812m2. The place is currently for sale with Best of Magnetic Real Estate - MAGNETIC ISLAND.

Building Type
House
Land Size
812m2

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About Nelly Bay 4819

The size of Nelly Bay is approximately 4.7 square kilometres. It has 5 parks covering nearly 52.3% of total area. The population of Nelly Bay in 2011 was 1,054 people. By 2016 the population was 1,216 showing a population growth of 15.4% in the area during that time. The predominant age group in Nelly Bay is 50-59 years. Households in Nelly Bay are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Nelly Bay work in a professional occupation. In 2011, 58.9% of the homes in Nelly Bay were owner-occupied compared with 57.1% in 2016.

Nelly Bay has 1,412 properties. Over the last 5 years, Houses in Nelly Bay have seen a 91.28% increase in median value, while Units have seen a 35.83% increase. As at 30 November 2024:

  • The median value for Houses in Nelly Bay is $679,186 while the median value for Units is $448,973.
  • Houses have a median rent of $550 while Units have a median rent of $455.
There are currently 32 properties listed for sale, and 4 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 89 properties were sold in the past 12 months in Nelly bay.

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Alex Strens
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Best of Magnetic Real Estate - MAGNETIC ISLAND
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