OFF MARKET

66/61-79 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: 1
Land area: 40m2
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Property Details for 66/61-79 Mandalay Ave, Nelly Bay

66/61-79 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 September 2017.

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

Last Listing description (February 2013)

Tender Closed - Awaiting Contract
This is not a mistake! The owners of this studio room within Magnetic Island International Resort are selling to the highest bidder, but make no mistake they are definitely selling this unique opportunity.
Why so cheap? The resort management is currently under receivership. However, the individual hotel rooms/apartments are owned by private investors and currently being used as holiday homes and rentals under 6-12 month leases. In fact quite a few rooms are occupied by long term tenants who love the island lifestyle.

This is your opportunity to buy your own tropical island holiday home for next to nothing and use as much as you wish. All you have to pay for is the yearly body corporate fees and council rates.
Property consists of:
- Ground level studio apartment.
- Kitchenette.
- Ensuite.
- Fully furnished with Queen sized setting and crockery/cutlery.
- Private balcony over looking gardens.
- Access to all resort facilities.
- Pool, BBQ areas, walking trails, gardens and access to Magnetic Island hotspots.
- Yearly Body Corporate fees are $7,700.56.
- Yearly Council Rates are $1083.00.
This is a great option for a business looking to send employees on a weekend away, a group of families looking to share a holiday home or your own private retreat on beautiful Magnetic Island.
The owners are considering all offers over $AUD1.00. Offers are to be made in writing, by contacting the agent for an Offer Form, and offers close at 5pm, Friday, 18 Jan 13. Successful offer will be notified by 21 Jan 13.
If you have any questions please email the agent at matthew@vprtsv.com.au
Property Code: 404114593
Additional feature/s - Courtyard.

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Property History for 66/61-79 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$43,000
04 Sep 2017
  • 04 Sep 2017
    Sold for $43,000
  • 26 Nov 2014
    Sold for $16,500
  • 03 Dec 2012
    Listed for Sale TENDER CLOSED
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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.

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