25 The Grove Nelly Bay QLD 4819
Property Details for 25 The Grove, Nelly Bay
Last Listing description (March 2022)
"Nelly Bay Self Storage"
Positioned on the beautiful Magnetic Island in Nelly Bay, the destination point for magnetic island ferry's cruises and sea link ferry. Tucked away in a secluded pocket of Nelly Bay is this very modern extremely neat and tidy secured and gated storage complex. Lockable storage units number 45 in total varying sizes to suit customer requirements as well as the customer hip pocket needs. Add to this 2 covered outdoor days suited to caravan, boat or small truck requirements. As a bonus as well is a fully lockable and covered storage bay at the front of the complex currently used by the owner. A great little side earner attaching to an already great money spinner.
Rates: $3500 - Approx
Built in 2009 of masonary block construction with Iron roof coverings. Fully powered and lighting throughout.
Other exepesnes - $3000
Total outlays- $9050
Price now- $695,000
Income for 2018-2019 financial year is $67,730
A full costing of returns for last 6 years is available with earning increasing on average each year from 2014. This is a very solid and sound investment opportunity. With little maintenance and management required. Perfect for a retirees casual job with a good return. Attaching.
Property History for 25 The Grove, Nelly Bay, QLD 4819
- 16 Aug 2019Sold for $685,000
- 29 Dec 2017Listed for Sale Not Disclosed
- 11 Oct 2016Listed for Sale $780,000
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0About 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 1,429 properties. Over the last 5 years, Houses in Nelly Bay have seen a 100.34% increase in median value, while Units have seen a 49.40% increase. As at 31 July 2026:
- The median value for Houses in Nelly Bay is $790,519 while the median value for Units is $469,707.
- Houses have a median rent of $600 while Units have a median rent of $455.
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