OFF MARKET

26/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 40m2
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Property Details for 26/61-79 Mandalay Ave, Nelly Bay

26/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1975. The property has a land size of 40m2. While the property is not currently for sale or for rent, it was last sold in November 2020.

Building Type
Unit
Year Built
1975
Land Size
40m2
Local Government
Townsville City
Lot/Plan
26/GTP103862

Last Listing description (December 2020)

This fantastic value studio unit could be yours with freehold title for holiday accommodation whenever you feel like escaping. Set in a resort style complex featuring a large outdoor pool with plenty of space to sunbathe or relax in the shade there are also two tennis courts, children's playground, fitness & BBQ area. A family friendly la carte restaurant and bar are on site also a reception counter with lounge area and information centre.

Priced to sell this studio unit comes fully furnished as seen in the photographs with a very functional kitchenette, separate bathroom and queen bed. It is an end unit positioned in the resort with lawn & palm tree views from the front patio of the unit.

Amaroo on Mandalay located on beautiful Magnetic Island is set on over 8 acers with lush tropical gardens and lawns, offering plenty of areas to escape and enjoy the peace and tranquillity. The resort backs onto the National Park of the Island where there is the chance to spot koalas in the trees and wallaby's bounding by also a variety of tropical birds that come in daily.

The unit is currently managed by onsite management for holiday bookings presenting a great opportunity to use for your own holiday escape and receiving a rental return to cover costs when not being used by yourself or family.

Owners may use the unit as often as they like the maximum stay at one time is 3 months as the units are not designed for permanent living.

The resort can be found in a perfect location in the hub of Nelly Bay, there is a bus stop at the front door where you can travel across and explore the Island, it is only 700m to the Nelly Bay beach front, supermarkets giftshops chemist, bottle shop and cafes. Not to forget the ferry terminal linking Magnetic Island to Townsville on the mainland, only a 20-minute ferry ride.

The owner has other commitments and genuinely wishes to sell
At this price it will not last long on the market, don't miss this great opportunity.
For more information call MaryAnne today.

Property History for 26/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$31,000
12 Nov 2020
  • 12 Nov 2020
    Sold for $31,000
  • 16 Oct 2020
    Listed for Sale $33,000
  • 09 Sep 1996
    Sold for $95,000
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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 1,406 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 34 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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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.