Lot 8/6 Howard Street, Bowen QLD 4805

The Phone Code for this property is: 97532. Please quote this number when phoning or texting.

Price at an absolute bargain at $550,000 (reduced from $650k investment#), this wonderful Whitsunday paradise property, opposite the Great Barrier Reef. Suitable for city retirees (or? COVID escapees?), wanting to finally escape the winter cold to North QLD, to a 4b/r house with a private beach/boat ramp. Price will go up shortly (#).

Others may advertise "beachfront", but this private beachfront & access is legitimate, allowing you to walk on your own sand and swim all year around on your own owned beach access. With it's boat ramp/beach front access it's unique in the area.

The block is a low maintenance 818 Sqm, with the 286 m2, 2 storey architect designed executive 4 br home built in 2012, having direct access to your own private beach.

Bowen beach side golf course is within walking distance, around the corner, in a magic location.

The second storey house with a huge upstairs bedroom, can be a parents retreat, or self contained for your visiting family/grand children, as the larger of the 3 bottom floor b/r's is adjacent to the bathroom & cosy living area, (with a formal dining area), has been designed for an aging familly, not needing stairs, except for visitors!

# Investment to date includes for Lot 8/6 (6) Howard street House & land (~819 m2 of a total 2,305m2 [27.155m x 84.893] or ~36%
& beach front access 50% of 4.0m of a total 27.155 house land~10% [50%*4.0]/27.155)

Investment costs to date.
1) Purchase Howard st $230k allocate 30% =$69k
2) Seawall cost $130k allocate 10% =$13k
3) House cost $450k (2012) including sewerage, water/waste plumbing electricity connections.
4) Driveway & Fences ~$20k
5) Architectural plans ($80k), re drafted house plans, planning & WRC fees ($25k), 50% ~$53k
6) Holding costs @ 30% of total $585k for say 8 years at ave 5% for 8 years ~$70k, gives a total sunk costs increasing from $585k to $655k

Hence package sunk costs are >$655k invested versus a reduced bargain sale price of $499k.

This will not last at this price to a discerning buyer,

Disclaimer:

Whilst every care has been taken to verify the accuracy of the details in this advertisement, For Sale By Owner (forsalebyowner.com.au Pty Ltd) cannot guarantee its correctness. Prospective buyers or tenants need to take such action as is necessary, to satisfy themselves of any pertinent matters.