175/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 175/61-79 Mandalay Ave, Nelly Bay
175/61-79 Mandalay Ave, Nelly Bay is a 1 bedroom, 1 bathroom Unit.
Last Listing description (March 2023)
THIS UNIT IS NOW UNDER CASH CONTRACT
Are you looking for an affordable tropical Island investment, vacation or winter escape?
Located to the side of the resort, this Executive studio unit has been renovated with new kitchenette and bathroom and has updated furnishings
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 gym & BBQ area
With restaurant and laundry facilities, this resort has all you want for a great adventure on the Island
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 tranquility.
The resort backs onto the National Park on the Island where there is the chance to spot koalas in the trees and wallaby's bounding by as well as a variety of tropical birds that come in daily.
Priced to sell in this renovated condition with nothing else to do it comes fully furnished as seen in the photographs and is positioned in a very private area of the resort with garden views from the front patio of the unit and bush outlook from the back door with potential with consent of the Body Corporate to add a shade cover on the rear patio..
The unit is currently managed by onsite management for holiday bookings presenting a great investment to use as your own holiday escape and receiving a rental return to cover most costs when not required by yourself or family.
The units are for holiday accommodation they are not designed for permanent living, the maximum stay in the units is 3 months at any one time.
Nelly Bay is the landing spot for the Boat Ferry and Barge, and at the front of the unit is a bus stop where you can jump on and travel across and explore the Island. It is only 700m to the Nelly Bay beach front, supermarkets gift shops, chemist, bottle shop and cafes. 1.4km to the Ferry Terminal for a 20 minutes ferry ride to Townsville
Body Corporate Fees are approximately $6,185 per annum when paid by due date (attracting 20% penalty if any quarterly payment is not made by due date).
Body corporate includes all power sources.
City Council Rates are approx. $3296 per year includes water.
Property History for 175/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 30 Jun 2022Listed for Sale $65,000
Recent sales nearby
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About Nelly Bay 4819
The size of Nelly Bay is approximately 4.7 square kilometres. There are 5 parks, covering nearly 52.3% of the total area. The population of Nelly Bay in 2016 was 1196 people. By 2021 the population was 1213 showing a population growth of 1.4% in the area during that time. The predominant age group in Nelly Bay is 60-69 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 2021, 69.20% of the homes in Nelly Bay were owner-occupied compared with 57.10% in 2016.
Nelly Bay has 1,431 properties. Over the last 5 years, Houses in Nelly Bay have seen a 91.03% increase in median value, while Units have seen a 56.27% increase. As at 31 August 2026:
- The median value for Houses in Nelly Bay is $788,850 while the median value for Units is $470,298.
- Houses have a median rent of $600 while Units have a median rent of $450.
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