37/61-79 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 May 2024.
Positioned within the lush, established grounds of Amaroo Resort, this renovated, fully furnished studio apartment presents a highly appealing low-maintenance investment with multiple income options-and the added bonus of personal island escapes in between bookings.
Located in the heart of Nelly Bay on beautiful Magnetic Island, just a scenic 20-minute ferry ride from Townsville, the property suits a range of strategies. Owners may participate in the on-site management rental pool, operate independently via Airbnb or similar short-stay platforms, or enjoy a flexible combination of both-allowing the apartment to generate income while remaining available for your own stays.
The renovated, self-contained open-plan layout includes air-conditioning, a practical kitchenette with overhead cupboards, stone benchtops and convenient dining/study nook, and a separate bathroom-features that consistently perform well in the short-stay market. A private front patio opens to tranquil tropical gardens, further enhancing guest appeal.
Set across 8 acres of lush manicured tropical grounds adjoining National Park, the resort environment is a strong and enduring drawcard for visitors, with koalas, birdlife and rainforest walking tracks delivering the authentic Magnetic Island experience guests seek.
Resort amenities support strong occupancy and guest satisfaction, including a resort-style magnesium lap pool and spa, on-site restaurant, two tennis courts, BBQ areas, children's playground and conference facilities.
Importantly for investors, electricity and internet are included in the body corporate fees, significantly reducing holding costs and simplifying cash-flow management.
Adding further convenience, the property is located directly opposite a bus stop, providing easy, regular transport to the ferry terminal. This seamless connection ensures effortless commuting across Magnetic Island, making the studio especially appealing to holiday guests, car-free visitors, and investors seeking strong accessibility and broad rental appeal.
With close proximity to shops, cafs and beaches, this renovated studio represents excellent value for buyers seeking a flexible, lifestyle-driven investment-where income, simplicity and personal enjoyment combine in a true Ocean to Acres opportunity.
Disclaimer: While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies and we accept no liability for any errors or exclusions (including but not limited to a property's land size, floor plans and building age). Accordingly, all interested parties should make their own enquiries and obtain their own legal advice.
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 100.34% increase in median value, while Units have seen a 49.40% increase. As at 31 July 2026:
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