Home/Properties/Nelly Bay/164/61-79 Mandalay Avenue
164/61-79 Mandalay Avenue, Nelly Bay$127,000
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164/61-79 Mandalay Avenue

Nelly Bay, QLD 4819, Australia
$127,000
1 bed 1 bath4.05 ha

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About this property

A real gem is now for sale within a 10 acre resort (formerly Amaroo) located in a prime location within the Nelly Bay suburb on Magnetic Island. The ground level Executive Queen studio unit is located within a block of 11 units, it is ideally positioned privacy. The front entry with is own covered patio leads into the unit, while the rear sliding door and patio peaceful setting of green manicured lawn back onto the Heritage listed National Park, home to koalas, birds, rock wallabies and nature at its best. The interior is absolutely beautiful with updated and trendy design of Kitchen and a separate bathroom with vanity and toilet. For a buyer investor, it is being sold completely furnished as it is used for holiday bookings. The furnishings include queen bed, flat screen television, air conditioner, ceiling fan, dining table and extra-large wardrobe. The kitchen is equipped for simple meals and includes a two door freezer/refrigerator. microwave, kettle, dishes, cups, glasses. It's your choice to keep the existing holiday letting managers or choose your own letting arrangements. Within the resort, there is plenty to enjoy including: inground magnesium swimming pool, tennis court, child's playground, garden setting for weddings and functions, separate free use electric BBQ area on site. There is washing machines and dryers in the laundry area. Coin/Card operation. Also for convenience just outside the Reception there is off street parking for owners and guests and at the rear of the resort is a licensed bar, and restaurant (currently closed for renovation). Units in the complex are strata title and for holiday letting only. Owners are allowed private use of their unit per year. Long term rental is also restricted to 90 days. Permanent living is not permitted. There is Body Corporate levy payable each quarter and the Townsville City Council rates every 6 months to each owner. Investing and buying a unit here within the Nelly Bay suburb offers many amenities. Everything is close by distance to the shops, cafes, boating, swimming, bank, post office, and medical centres. Magnetic Island is just a short 25 minute ferry ride from Townsville with Sealink passenger ferry also vehicle barge if you are driving. Check timetables for ferry and barge times. The exclusive local island agent Pamela Chambers, with over 17 years selling on Magnetic Island can provide transportation from Nelly bay ferry terminal for personal inspection. Disclaimer. You are advised that you should conduct your own due diligence and not rely on this information, including the property area, floor size, price, address and general property description on the Website. Photos within this ad may be stock photos. The information has been provided to us by third parties and is published as a convenience to you. We accept no liability whatsoever in connection with the information published. Located within a building complex of 10 executive units, its ideal with extra privacy as it is positioned and backs onto the Heritage Listed National Park home to koalas, abundance of birds and nature at its best. The ground level front entry to the unit has its own covered patio for outdoor entertaining plus this executive unit has another outdoor covered patio with sliding doors for extra entertaining. With the outlook of a green manicured lawn and native gumtrees, and bushlands. The interior is absolutely beautiful with updated and trendy design of Kitchen and a separate bathroom entry with shower, sink and shower. For a buyer investor it is a perfect set up. It is being sold completely furnished as it used for holiday bookings. Your choice to keep the existing holiday letting managers or do your own letting/airbnb is permitted. Owners are allowed use of their units for 90 days per year. The furnishings are many including the queen bed and mattress, flat screen television, air conditioner, ceiling fan, extra-large wardrobe and indoor table and chairs, and in the kitchen area is sink and benchtops and drawers, plus a two door freezer/refrigerator, microwave, kettle, dishes, cups, glassware, cutlery. The linen is hired for holiday bookings. Units in the complex for sale is a strata title and for holiday letting. Long term rental and permanent living is not permitted. There is a body corporate levy payable each quarter and the Townsville City Council Rates every 6 months. Billable direct to each owner. Within the resort, there is plenty to enjoy including inground magnesium swimming pool, tennis court, children's playground, garden setting for weddings, and functions, separate BBQ area. There is a separate laundry room with washing machines and dryer coin operated. At front of the resort is a reception area and at the rear of the resort is a licensed restaurant. There is off street parking for guests and visitors and located outside the reception area. Investing and buying a unit here within the Nelly Bay suburb offers many amenities. Everything is close by and walking distance to shops, cafes, boating, swimming, bank, post office and medical centres. Magnetic Island is just a short 25 minute ferry ride from Townsville with the Sealink Passenger catamaran. Runs continuously. The exclusive island local agent, Pamela Chambers for over 17 years selling on Magnetic Island can provide transportation from Nelly Bay ferry terminal to this unit for personal inspection to buyers. Disclaimer. You are advised that you should conduct your own due diligence and not rely on this information, including the property area, floor size, price, address and general property description on the Website. Photos within this ad may be stock photos. The information has been provided to us by third parties and is published as a convenience to you. We accept no liability whatsoever in connection with the information

Property Details

Property Type
apartment
Listing Type
For Sale
Bedrooms
1
Bathrooms
1
Land Area
4.05 ha
Listed
1 month ago

Repayment calculator

$616/month
$308 /fortnight
Loan $101,600 at 6.10% over 30 years

Upfront costs

Deposit$25,400
Stamp duty$2,870
Conveyancing (est.)$2,000
Total upfront$30,270
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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 80% below the $625,000 median of 77 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 1 bed

Compound growth +28.6% / yr over 4 yrs

$131kcurrent median

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