13/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 13/61-79 Mandalay Ave, Nelly Bay
13/61-79 Mandalay Ave, Nelly Bay is a 0 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 35m2. While the property is not currently for sale or for rent, it was last sold in October 2022.
Last Listing description (February 2023)
Unit 113 is situated in a prime location in a quiet part of the resort. The unit has great accessibility being located in the front row looking onto beautiful established tropical gardens with daily visits from Wallabies, Rainbow Lorikeets and Curlews and other native animals. Parking is directly out front in the common parking near reception.
The Unit has been recently renovated (2022) with new kitchen, shower and bathroom vanity. Freshly plastered and painted.
The unit can be purchased with excellent tenant in place ($250/week) or with vacant possession. Potential to lift rental due to renovations.
Letting options include on-site management and highly lucrative Air BnB market. Sales include all fittings, furniture, and appliances required for immediate letting.
One of the resorts largest body corporate expenses is power consumption (community metered). Owners have approved a new solar system and switchboard upgrade to accommodate solar. This is now being implemented and should result in a reduction iin body corporate cost.
Resort facilities include pool, gym, BBQ's, tennis courts, free wireless Internet, bar, restaurant and common laundry facilities.
Just a short walk to the beach and or Nelly Bay harbour for ferry transfers. Shops and other amenities not far away and many activities available on the many bays at the Island or even in the wet season the waterfall at Arcadia. Public transport on the Island includes bus, taxi, or private hire cars or you can bring your own car on the Barge.
A fantastic place to own your own holiday spot with options to also rent out or use as a full-time investment.
Body Corporate Fees are approximately $6,185 per annum when paid by due date (attracting 20% penalty if any quarterly payment is not made by due date).
Body corporate includes all power sources.
City Council Rates are approx. $3296 per year includes water.
Property History for 13/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 25 Oct 2022Sold for $68,000
- 06 Sep 2022Listed for Sale $72,000
- 14 Apr 2022Listed for Sale $68,000
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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 1,410 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.
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