OFF MARKET

104 Sooning Street
Nelly Bay QLD 4819

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 81m2
Land area: 719m2
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Property Details for 104 Sooning St, Nelly Bay

104 Sooning St, Nelly Bay is a 0 bedroom, 0 bathroom House and was built in 1960. The property has a land size of 719m2 and floor size of 81m2. While the property is not currently for sale or for rent, it was last transferred in December 2015.

Building Type
House
Year Built
1960
Floor Size
81m2
Land Size
719m2
Local Government
Townsville City
Lot/Plan
3/RP717418

Last Listing description (October 2022)

To enquire, please email or call 1300 815 051 and enter code 2006

This is the perfect and unique opportunity to step into tropical paradise with all the established, hard work done for you, at the right time, with Magnetic Island's popularity soaring.

104 Sooning St. is an all inclusive package of a glorious tropical home and super profitable business all in one!
Scallywag's Cafe has become an iconic tourist destination, a bustling business on the island, in one of the most prominent business locations on the entire island.
While having a beautiful 3 bedroom house, garden and pool already incorporated into the equation, why not walk right in and carry on this incredibly successful, proven business model, as it is!

** House features include;
- 16 kw solar system
- new roof
- new kitchen
- new bathroom
- new deck
- new tropical pool
- fully irrigated
- bore water access
- fully fenced
- split system A/C and heating throughout
- breezy original casement windows
- stunning hardwood floor, thin milled planks
- established garden with fruiting trees and many edibles
- marina views one side and mountain views the other
- easy walking distance to school and shops

** Business features include;
- Great exposure - a very prominent corner location
- a booming, well supported Cafe/Restaurant on the island, popular with both locals and tourists
- thriving, prosperous business
- unique and distinguished atmosphere, creating an attractive vibe to be remembered
- lucrative returns - with financials available - *strict cond. apply to those interested
- increase in sales every year, even through covid
- up to date, modern equipment to operate with for maximum output and turn over
- Scallywags Cafe, has a strong online presence, amazing reviews, formulated over many years, through all major social media avenues; Facebook, google maps, trip advisor, etc
- council approved commercial kitchen (food van) is mobile and usable outside of the premise
- the land is mixed use zoning (possible for commercial and residential use) and is in Nelly Bays Gateway Precinct
- 5 min walk from the ferry terminal
- Magnetic Island boasts a range of enticing activities through its natural wonders. Both residents and visitors regularly enjoy hiking, snorkeling, boating and fishing. These highlights and the recent heavy push for tourism over the past years, has further enhanced the islands popularity and appeal securing years of profitable business ahead.

The current owners have a passion and love for the successful business they have created and their recently renovated family home. They have lived at 104 Sooning St. for over 6 years, in which time, that they have transformed this property and have endless new ideas and concepts they are willing to share and pass on. Potential upgrades and improvements to even further increase profit margins on this unique investment opportunity with right buyer, are limited only by the imagination. They are also dedicated and willing to provide a warm handover of business operations should the buyer wish to continue Scallywags Cafe.

Opportunities as unique as this in an increasingly popular tropical paradise are rare and will not be around for long!

* conditions associated with sharing the businesses related financials involve both - signing a confidentiality agreement, as well as being able to prove your capabilities of securing finances for the purchase. PLEASE ENSURE YOU ARE ABLE TO DO BOTH OTHERWISE YOU WOULD BE WASTING BOTH OF OUR TIME. Thanks for your understanding regarding this.

To enquire, please email or call 1300 815 051 and enter code 2006

Property History for 104 Sooning St, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Transferred
$215,000
03 Dec 2015
Listed for Rent
$450/w
30 Dec 2008
  • 28 Dec 2021
    Listed for Sale $1,900,000
  • 03 Dec 2015
    Transferred for $215,000
  • 31 Oct 2015
    Listed for Sale $320,000.00
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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 86.53% increase in median value, while Units have seen a 420.53% increase. As at 31 October 2024:

  • The median value for Houses in Nelly Bay is $657,220 while the median value for Units is $435,097.
  • Houses have a median rent of $550 while Units have a median rent of $575.
There are currently 37 properties listed for sale, and 4 properties listed for rent in Nelly bay on OnTheHouse. According to CoreLogic's data, 87 properties were sold in the past 12 months in Nelly bay.

Suburb Insights for Nelly Bay 4819

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.