OFF MARKET

147/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
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Property Details for 147/61-79 Mandalay Ave, Nelly Bay

147/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit.

Building Type
Unit
Local Government
Townsville City

Last Listing description (March 2022)

This Studio Unit is in a resort setting in Nelly Bay, Magnetic Island off the coast of the Great Barrier Reef

Great to own your own personal unit to use a your holiday place to stay. And still be able to rent it out as a holiday property for extra income!


Fully Furnished. Air-conditioned, Television, Bed, table and chairs, refrigerator. This unit is the original style unit and neat and clean and tidy. Has been kept up by the owner and it is in the holiday letting pool with onsite management.

It is strata titled with title ownership. This unit is not owned by the resort. Each unit in the resort is individually titled.

It features your own outside sitting area patio in a resort setting.

Car park at front entrance of resort. Bus stop at front street and conveniently located near shops. And buses meet up with the ferry terminal that goes to Townsville.

Just a 10 to 15 minute walk to the Nelly Bay beach.

Huge Olympic size swimming pool, restaurant & bar on site... All set amongst the mountains.

Rentals are in demand and this unit could rent ongoing between $270 to $310 per week.

Option to rent out as a holiday rental too! With shorter stays.
Use an agent for managing or rent it yourself. AirBNB. Your choice.

Body Corporate Levies applicable each quarter to be paid by the owner. And Townsville City Council Rates applicable to be paid every 6 months.

Electricity and Hot water service included in Body Corporate Levies.



Please contact Pamela Chambers, Licensee at Beachfront Realty MO 0418 543 054.

Locally owned on Magnetic Island
And 18 years experience on Magnetic Island with buying and selling properties.


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

Property History for 147/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
  • 31 Oct 2021
    Listed for Sale SOLD - Price Withheld

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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 34 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.

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.