OFF MARKET

78 Mandalay Avenue
Nelly Bay QLD 4819

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 40m2
Land area: 14710m2
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Last updated 16 Sep 2024
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Property Details for 78 Mandalay Ave, Nelly Bay

78 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom House and was built in 2013. The property has a land size of 14710m2 and floor size of 40m2. While the property is not currently for sale or for rent, it was last sold in November 2002.

Building Type
House
Year Built
2013
Floor Size
40m2
Land Size
14710m2
Local Government
Townsville City
Lot/Plan
47/RP741402

Last Listing description (June 2011)

Sanctum Lodge
This is a genuine and once-only opportunity to secure a large vacant lot on Magnetic Island at the central suburb of Nelly Bay. The 14,710m2 site has approval for a small boutique resort comprising of 12 x 1 bed luxury bures, central facilities and a managers residence (refer to annexures 3 & 4). Planning approval and a Material Change of Use (MCU) have been obtained from the Townsville City Council. Hydrology, geotechnical, creek bank stability, traffic and planning studies have all been performed on the site and are available to genuine and qualified potential purchasers.
Architectural design work has been carried out by Jon Kuskopf and associates, with sketch plan and design development phases already completed. The resort, to be called Sanctum Lodge aims to fill a market niche, with the provision of a high quality boutique resort and day spa.

The land is zoned Traditional Residential, and may also be suitable for subdividing into standard single residential lots. An opportunity may also exist to amalgamate the property with an adjoining parcel of 3.52 Ha to enable a larger sub division to be developed.
Time is absolutely limited to consider the range of uses available for this prime site.
Alternative uses may include:
Subdivide into niche residential allotments
Amalgamate with adjoining property for a larger sub division opportunity
Utilise as a large private single residential lot
Masterplan and offer house land packages
Build the approved eco resort
Landbank

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Property History for 78 Mandalay Ave, Nelly Bay, QLD 4819

A timeline of how this property has performed in the market
Last Sold
$86,750
05 Nov 2002
  • 13 May 2011
    Listed for Sale 850000
  • 29 Jun 2008
    Listed for Sale 850000
  • 05 Nov 2002
    Sold for $86,750
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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 1,407 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 36 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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