66/61-79 Mandalay AvenueNelly Bay QLD 4819
Property Details for 66/61-79 Mandalay Ave, Nelly Bay
66/61-79 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 September 2017.
Last Listing description (February 2013)
Tender Closed - Awaiting Contract
This is not a mistake! The owners of this studio room within Magnetic Island International Resort are selling to the highest bidder, but make no mistake they are definitely selling this unique opportunity.
Why so cheap? The resort management is currently under receivership. However, the individual hotel rooms/apartments are owned by private investors and currently being used as holiday homes and rentals under 6-12 month leases. In fact quite a few rooms are occupied by long term tenants who love the island lifestyle.
Property consists of:
- Ground level studio apartment.
- Kitchenette.
- Ensuite.
- Fully furnished with Queen sized setting and crockery/cutlery.
- Private balcony over looking gardens.
- Access to all resort facilities.
- Pool, BBQ areas, walking trails, gardens and access to Magnetic Island hotspots.
- Yearly Body Corporate fees are $7,700.56.
- Yearly Council Rates are $1083.00.
This is a great option for a business looking to send employees on a weekend away, a group of families looking to share a holiday home or your own private retreat on beautiful Magnetic Island.
The owners are considering all offers over $AUD1.00. Offers are to be made in writing, by contacting the agent for an Offer Form, and offers close at 5pm, Friday, 18 Jan 13. Successful offer will be notified by 21 Jan 13.
If you have any questions please email the agent at matthew@vprtsv.com.au
Property Code: 404114593
Additional feature/s - Courtyard.
Property History for 66/61-79 Mandalay Ave, Nelly Bay, QLD 4819
- 04 Sep 2017Sold for $43,000
- 26 Nov 2014Sold for $16,500
- 03 Dec 2012Listed for Sale TENDER CLOSED
Recent sales nearby
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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 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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