Tony O'Doherty said 12 Triton Street overlooks the bay and Tanaglooma's famous shipwrecks. Photo: Tourism and Events Queensland Ever wanted to own a holiday home you can take off to on a weekend, without having to sit through bumper to bumper traffic? A “once in a lifetime” opportunity to build one on Moreton Island has just come up.
An empty block of land at 12 Triton Street Tangalooma is listed for auction with no reserve price.
It is close to popular resorts, dolphin feeding spots and sand dunes on the holiday island. Ray White agent Tony O’Doherty said it would make an ideal spot for a weekend retreat.
12 Triton Street’s view of Moreton Bay. Photo: Supplied
“The position is key,” he said. “This block of land has a direct view of the shipwreck, which I guess is their version of city views.”
This would be the first no reserve auction on Moreton Island. “We haven’t found any information to support that it has ever happened before,” he said.
Going to auction without a reserve price meant the land could go for well under market value, Mr O’Doherty said. “From a seller’s point of view it’s obviously a risky strategy,” he said. “We’re hoping this will attract the young and the old and the brave and the bold.”
Holiday homes in Tangalooma are close to popular tourist locations. Photo: Supplied
Agent Barry Myatt is selling vacant block 10 Triton Street for $199,000 and said the no reserve auction was making waves in the island’s property market. “It’s a curly one I think,” Mr Myatt said. “It’s a bit of an experiment for everyone.”
Mr O’Doherty said the vendors fell on hard times and were forced to put the bay-view land up for sale. Two couples had planned to build a holiday home on the spot.
“It’s hard emotionally.” he said. “They’re at a crossroads in their life and they’re not going to make use of it.”
12 Triton Street as seen from from the bay. Photo: Supplied
“It’s just sitting there going to waste.”
The previous owners drew up plans which could be used by potential buyers. Mr O’Doherty said it is still possible to build from scratch.
Other unimproved blocks are up for sale in Tangalooma, with listed prices of $129,000 and above.
6 Cassidae Crescent is slightly smaller than 12 Triton Street at 443 square metres. The asking price is $150,000 for land in Tangalooma’s gated community.
Mr Myatt said land on Tangalooma attracted interest from families looking to build a holiday home. He said the bulk of inquiries were from locals but there was some overseas and interstate interest as well.
“The big pressure point is they’re not making any more of them,” he said. “It’s catering for a minority who can afford it.”
The auction will be held at 10.30am on Friday, January 20 on Level 26, 111 Eagle Street, Brisbane.