A fifth generation family beach house is on the market for the first time in over 70 years.
Marketed through Julie Wood of Ray White Gladstone, the Boyne Island absolute river front property is arguably the most affordable option in a coveted area.
“The property itself is aged and you’re essentially buying for land. The home remains relatively untouched, and the market will play a big role in placing a value on the home.
“The Properties on either side are million dollar properties. This property is the bargain on the street, you’re really buying for location and the renovation or rebuild potential,” Julie explains.
While the property might not be as glamorous as others on the street, the Boyne Island beach shack has a long history.
“The property has been in the Ballantyne family for over 70 years. They initially used the property for fishing holidays in the 1930s before purchasing the property in the 1940s.
“Over the years and through the generations, the home has been used as a holiday home, and for periods of time, members of the family have lived there full-time,” Julie said.
“The family want the property to go to a buyer who love the place, as they have over the years.”
The two bedroom home, located at 26 Island Esplanade, Boyne Island, has direct access to the waterfront and sits on 390m² of land.
“For those who are looking for a weekender, the property is very livable as it stands today. But for buyers who are looking to move to the area permanently, this is a rare opportunity to secure one of the best blocks of land in Boyne Island,” Julie concludes.
26 Island Esplanade, Boyne Island will go to auction on 9 August 2014 onsite.
