OFF MARKET

52/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Land area: 34m2
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Property Details for 52/61-79 Mandalay Ave, Nelly Bay

52/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit and was built in 1975. The property has a land size of 34m2. While the property is not currently for sale or for rent, it was last sold in May 2022.

Building Type
Unit
Year Built
1975
Land Size
34m2
Local Government
Townsville City
Lot/Plan
52/GTP103862

Last Listing description (July 2022)

A great opportunity to buy this unit in a fantastic resort. Strata Free hold Title ownership.

Now is the time to buy on beautiful tropical Magnetic Island off the Great Barrier Reef in North Queensland.


The self contained unit is perfect for your getaway or as an holiday investment! Beautiful decorated and ready for you to own!

This unit has new kitchen and bathroom remodeled and is perfect as it is with virtually nothing to do. It is completely furnished with appliances, refrigerator, microwave, curtains, 2 beds including double and a single and kitchenware. Plus inside washing machine.

Income and Expense figures :

Last 7 months (28 weeks) income: Total of $15,232.00 with a average income of $544.00 per week.

Townsville City Council Rates and Body Corporate total a average of $204.00 per week.

TCC rates are paid by owner every 6 months and Body Corporate Levies are paid by owner every 3 months:

Water, sewer is included in TCC rates. No extra

Power and Electricity, Building Insurance is included in the Body Corporate Levies. No extra.

Walk in walk out price with EVERYTHING INCLUDED.


Nelly Bay is the heart of Magnetic Island just a few minutes stroll from the ferry terminal but yet far enough to enjoy the quiet and ambiance of tropical life!

Popular for holiday renting with income figures available to genuine enquiries only.

A great position in the resort. With unit facing tropical gardens and with its own private patio.

There are tennis courts, Olympic size swimming pool, garden area and playground for the kids. Off Street parking. There is a licensed restaurant on site for dining and entertaining.

The resort is centrally located in Nelly Bay, with convenience of IGA supermarket, chemist, doctors, and the ferry terminal that commutes to Townsville.

There is bus lines that stop at the front of the resort, which meet the ferry time schedules. The ferry trips are approximately 25 minutes to Townsville.


For further information, call Pamela Chambers, licensee and realtor owner resident on Magnetic Island since year 2003.

As this property may be occupied with holiday guests, a minimum 48 hour advance notice is required before viewing the property. This property is managed privately by its owner. Not the onsite manager.


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 52/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$55,000
30 May 2022
  • 30 May 2022
    Sold for $55,000
  • 16 Mar 2022
    Listed for Sale SOLD - $55,000
  • 23 Aug 2019
    Sold for $13,200
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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 5 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.