58 Sooning StreetNelly Bay QLD 4819
Property Details for 58 Sooning St, Nelly Bay
Last Listing description (January 2021)
The property is located on the main Magnetic Island arterial road, opposite Foodworks shopping centre, 420*m from the beach, and 1.5*km from the Magnetic Island Ferry Terminal.
The property adjoins established residential housing. It is 4.066* Ha in land area and has an 81*m frontage to Sooning Street, and two frontages to Kelly Street 23*m and 20*m respectively.
The property is currently zoned Communities Facilities Zone adjoining zoning is Low Density Residential.
The opportunity exists to develop the site, with an immediate possible cashflow from subdividing 2 x residential allotments from the two frontages to Kelly Street.
Information Memorandum available
For further details, please contact Angelo Castorina at Colliers International Townsville.
*=approximately
Property History for 58 Sooning St, Nelly Bay, QLD 4819
- 03 Sep 2020Sold for $450,000
- 05 Feb 2019Listed for Sale EXPRESSIONS OF INTEREST
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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 1,426 properties. Over the last 5 years, Houses in Nelly Bay have seen a 109.22% increase in median value, while Units have seen a 68.27% increase. As at 30 June 2026:
- The median value for Houses in Nelly Bay is $801,967 while the median value for Units is $502,704.
- Houses have a median rent of $600 while Units have a median rent of $455.
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