Home/Properties/Nelly Bay/134/61-79 Mandalay Avenue
134/61-79 Mandalay Avenue, Nelly Bay$120,000
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134/61-79 Mandalay Avenue

Nelly Bay, QLD 4819, Australia
$120,000
1 bed 1 bath

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About this property

Welcome to Amaroo Rainforest Resort on Magnetic Island. Just a short ferry ride from Townsville. Set amongst the tropical palm trees and lovely island breezes is this beautiful, decorated studio holiday villa for you to buy. It is a ground floor unit with sliding doors and windows facing its own outside patio sitting area overlooking green lawn and gardens. This unit is in a building block of 6 units. When entering this villa style studio, it has the comfort and everything you need for your stay in a resort setting off the Great Barrier Reef of Australia. A fantastic opportunity to purchase this holiday unit as an investment. It is currently rented as holiday accommodation that sleeps 3. Presenting nicely with kitchen and furnishings, it is very neat with its own queen size bed, plus extra single bed, a separate galley kitchen with benchtops and cupboards and tiling. There is a fridge, microwave and furnished with cutlery, dishes and extras. Everything is included in the purchase price. The linen, towels and bedding is hired and not included. The bathroom is off the lounge/bedroom area and features a bathroom vanity, mirror, toilet, and shower. Perfectly positioned at the Amaroo Resort includes is a huge tennis court, a Olympic Size Swimming Pool with spa, and Lounging area plus adjacent to the pool is a full-size licensed restaurant. Plus, a tennis court for outdoor activity. Past the reception area is a playground for the children and an exercise room. There is parking area at the resort. There are weddings, private functions held at the resort with the assurance of new bookings in demand for more guests and more income. This resort located off the beaten path offers on its own private area and easily to get to by bus or a short walk of 15 minute stroll to the Nelly Bay ferry passenger terminal. Which travels daily at various times to Townsville 7 days a week. Within Nelly Bay area close to terminal is the convenience of supermarket, plus a few blocks away, chemist, doctors, bottle shop, restaurants. There is bus lines that stop at the front of the resort, which meet the ferry time schedules. The ferry trips are approximately 25 minutes to Townsville. As strata title units, Body Corporate Levies and Townsville City Rates apply to each owner. Electricity for the unit is included in the Body Corporate levies. Outgoings: The Body Corporate Administration and Sinking Fund levies for this unit are approximately $2500 per quarter with discount if paid by due date. This includes gardening, pool maintenance, and general upkeep within the resort and all electricity for the unit, building insurance. Seller Disclosure Statement and Body Corporate Certificate available to interested buyers. Figures shown may change without advance notice, so it is important to verify updates. The Townsville City Council rates for this unit is approximately $1600 per six months. And billed at that time. Includes, trash removal, water, sewer, etc. More financial income information will be supplied to genuine enquires only. Note that this unit is used by the owner for holiday getaway and is rented out within the holiday letting pool as well when not used by its owner. If you wish to view, a minimum 24 hour notice is required to make sure if the property is vacant and not in use. For further information, call Pamela Chambers, licensee and realtor owner resident on Magnetic Island since year 2003. *********************************************** Disclaimer. You are advised that you should conduct your own due diligence and not rely on this information, including but not limited to, the property area, floor size, photos, price, address and general property description on the Website. The information has been provided to us by third parties and is published as a convenience to you. We accept no liability whatsoever.

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Listed
3 months ago

Repayment calculator

$582/month
$291 /fortnight
Loan $96,000 at 6.10% over 30 years

Upfront costs

Deposit$24,000
Stamp duty$2,625
Conveyancing (est.)$2,000
Total upfront$28,625
Verify with QLD revenue office →
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Neighbourhood

Living in Nelly Bay

This 1-bedroom apartment in Nelly Bay, QLD 4819 sits within reach of public transport, local shops and nearby schools. It is listed 81% below the $645,000 median of 79 comparable apartmentswithin 5 km.

Schools near Nelly Bay

  • Magnetic Island State Schoolprimary · Prep-6 · CoEd

What's nearby

  • Mandalay Ave at Elena Street (bus)131 m away
  • Unnamed511 m away
  • Unnamed1.2 km away
  • Nelly Bay Foreshore1.2 km away

Nelly Bay at a glance

Full suburb profile
Population
1,213
Median age
56
Household income
$1,003/wk
Median rent
$300/wk
Median mortgage
$1,470/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Nelly Bay price trend

Median sold · Unit 2 bed

Compound growth +3.1% / yr over 4 yrs

$450kcurrent median

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