A waterfront property in the middle of a major tourist destination has hit the market for just $1million, despite it being a ‘once in a generation buy’.
The prime piece of real estate sits on Gympie Terrace at Noosaville, on the Queensland coast.
Though it comes with a catch: the property is actually a jetty that comes with a berthed boat called Springtime that is currently used as an Airbnb.
Reed and Co. Estate Agent’s Adrian Reed told Daily Mail Australia it was a very rare purchase at an astonishingly low price.
‘It’s an amazing price for a location like Noosa. You’re generally paying six to 10 million dollars around that area,’ he said.
A waterfront property situated at a major tourist attraction has hit the retail market for just over an affordable $1 million
The prime piece of real estate sits on Gympie Terrace at Noosaville, on the Queensland coast
Mr Reed pointed out the jetty had come a long way from its humble roots when it sold for just $165,000 in 2016
Mr Reed pointed out the jetty had come a long way from its humble roots when it sold for just $165,000 in 2016.
Then, it was simply a wooden pier barricaded by a metal fence with the sign: ‘Do not enter’.
Fast forward four years and the derelict jetty has been transformed into one of the most accessible and sought after holiday destinations in Queensland.
‘The boat Springtime is currently running as an Airbnb,’ Mr Reed said.
‘It’s one of the most popular and highly searched Airbnb’s in Queensland. It’s quite an experience with one bedroom and one cabin, and a mix of luxury chic.’
Renowned architect Frank Macchia has been credited as the genius behind the rebranding.
‘It has been completely rebuilt into a brand new jetty,’ Mr Reed said.
‘Frank Macchia has brought it back to its better than original standard with some architectural flair that adds to the surrounding landscape.’
A wooden entryway is built over the pier with solar powered lights installed along the wooden walkway.
The length of the jetty has also been extended with a railing built part of the way.
‘There’s been a real focus on materials and really select grade hardwoods used on the reconstruction of the jetty,’ Mr Reed said.
Mr Reed said the sellers are now accepting offers for Jetty 33 on Gympie Terrace, Noosaville.
A wooden entrance way is built over the pier with solar powered lights installed along the wooden walkway
The length of the jetty has also been extended with a railing built part of the way
Source: Daily Mail Australia | World News