Lot 9/6 Howard Street, Bowen QLD 4805

The Phone Code for this property is: 89039. Please quote this number when phoning or texting.

Price reduced to sell at $600,000

~1500 m2 of prime beachfront property (Your own private sandy beach & boat ramp) offered after owning for nearly 20 years.

This is an authentic absolute waterfront with DA approval to build a low set colonial style house with huge veranda as a 256m2 4 b/r house or a reduced size 152 m2 3 b/r with approved engineering structural plans per attached.

This is perhaps ideally suited to city or rural retirees, or maybe for a "COVID escapee", to enjoy a warm Whitsunday paradise with mild sea breezes & fishing 30kopposite Great Barrier Reef.

Was to be our final resting place (but personal reasons precluded this happening). Now with a WRC DA approved 4 bedroom (or 3 b/r), low set colonial style house & ~6m x ~9m shed on rear corner of the block. The shed, with HWS shower, vanity & toilet facilities has been built (~$50,000) with water, sewerage, stormwater, bore water & with underground electricity connected.

An approved Seawall & boat ramp (2006) to stop any seaward erosion, acknowledged by Council for capital improvements ($90 of $150k), hence a semi permanent council rate valuation reduction.

Lot 9/6 (now 6A) Howard street beachfront land
(1,485m2 was part of the original total of 2,305m2 before subdivision, now 27.2 x 84.9m or ~64% of original land area & with a 27.2 frontage including a 4.0m width easement, land [23.155 +50%*4.0]/27.155 or ~90% of original frontage]

COST 1) Original total land price in May 2002, was a total of $230k so allocate 70% =$161k
2) Seawall cost $150k allocate 90% =$126k
3) self contained shed, toilet, bedroom area, shower, HWS, sewerage, fresh water bore, water/waste & underground electricity ~$65k.
4) Driveway & Fences+ boat ramp ~$50k
5) Arch' plans ($90k), redraft plans, planning consultants & WRC fees ($30k), 65% or ~$78k
6) Holding costs @ 30% of total $441k for say 10 years at ave 5-6% for 10 years ~$73k, gives a total sunk costs increasing to >$560k

An amazing opportunity to secure a unique property, probably the last real private beach & boat ramp beach frontage in the "Whitsundays"

Beautiful Bowen seaside golf course is within easy walking distance, just around the corner.

Disclaimer:

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