OFF MARKET

131/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Last updated 16 Sep 2024
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Property Details for 131/61-79 Mandalay Ave, Nelly Bay

131/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit and was built in 1975. While the property is not currently for sale or for rent, it was last sold in November 2019.

Building Type
Unit
Year Built
1975
Local Government
Townsville City

Last Listing description (December 2022)

THIS UNIT IS CURRENTLY UNDER CONTRACT PENDING SETTGLEMENT

Set on approx. 10 acres of Tropical gardens is this large 96 Resort Motel Unit complex with Restaurant, large inground pool and tennis courts. It is a great place to have an investment or a unit for personal use for holidays. Outdoor BBQ Pergola lawns complete the picture.

This unit includes general furnishings eg bedding, refrigerator, microwave, appliances, curtains and kitchen ware.

Management is done through the on site management catering for the tourist clientele. Some other units are rented through onsite letting management, self-managed, or through local agents or Air BnB.

The resort is located a short walk or bus trip to the Nelly Bay harbour and ferry terminal and has a local IGA supermarket, chemist, and other amenities including doctors, schools, police station.

The Strata Title Unit Body Corporate Fees (includes power and gas) and Townsville City Council rates (includes water supply).

For further information and copy of plan of resort and by-laws etc., e-mail the agent at leah.james@elderstsv.com.au

Disclaimer: You should conduct your own due diligence and not reply on this information, including but not limited to the property area, floor size, price, address and general property description on this website. The information is provided to us by third parties and is published as a convenience to you. We accept no liability whatsoever in connection with information published.

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Property History for 131/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
13 Nov 2019
  • 02 Jul 2022
    Listed for Sale $45,000
  • 08 Sep 2020
    Listed for Sale Drastically Reduced to $40,000
  • 13 Nov 2019
    Sold
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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 1,406 properties. Over the last 5 years, Houses in Nelly Bay have seen a 79.13% increase in median value, while Units have seen a 85.65% increase. As at 31 August 2024:

  • The median value for Houses in Nelly Bay is $590,207 while the median value for Units is $408,142.
  • Houses have a median rent of $550 while Units have a median rent of $575.
There are currently 35 properties listed for sale, and 7 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.

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