38/61-79 Mandalay Avenue, Nelly Bay QLD 4819

Welcome to your slice of paradise in Nelly Bay. This charming studio apartment offers a relaxed lifestyle in one of Magnetic Island’s most desirable locations. Perfect for first-time buyers, investors, or those chasing a low-maintenance holiday escape, it’s a rare opportunity to secure value and lifestyle in the one package.

Inside, the open-plan layout makes clever use of space, combining the living and kitchen areas into a bright, welcoming retreat. Air-conditioning ensures year-round comfort, while the functional kitchen includes essential appliances to make day-to-day living a breeze. The cosy bedroom offers a peaceful sanctuary, easily styled to suit your taste.

Outdoors, a private courtyard provides the perfect spot to enjoy your morning coffee or unwind after a day at the beach. Surrounded by lush gardens and grassy areas, the setting is serene and perfectly aligned with island living. Add in the ground-level accessibility, and unbeatable location close to shops, dining, and beaches, and this is an opportunity not to be missed.

Body Corporate Fees are approximately $858/month when paid on time.

Current gross income: $16,342/annum at only 33% occupancy! This may be able to be improved with a savvy airbnb (or similar) host!

Brightest Features:
– Studio apartment in sought-after Nelly Bay – walk from the Ferry Terminal!
– Open-plan design with bright living and kitchen areas
– Air-conditioning for year-round comfort
– Private courtyard for outdoor relaxation
– Functional kitchen with oven and microwave
– Cosy bedroom with ample space
– Surrounded by lush gardens and lawns
– Stroll to shops, cafes, and local amenities
– Minutes to stunning Magnetic Island beaches