Beachfront block sells for $1M after nearly three years
A BEACHFRONT "car park" - as it was described by the fishmonger who sold it - has sold for more than $1million.
The 1014sqm Oaks Rd property had been on the market for nearly three years; its front boundary in Tannum Sands - the beach, the plot drawn before the Coastal Management Act.
LJ Hooker Gladstone agent Mark Spearing sold the property for $1,050,000, on behalf of former Gladstone Fish Market owner Ted Whittingham.
When Mr Whittingham bought the block in 2005 - he paid $1,625,000 - he had a dream to build a home.
"It was good to sell the house," he said, yesterday.
"I'm trying to move on because what we set out to do didn't happen. There was a really old house on it.
"We pulled that down and we used it as a car park. It would've been nice to build there."
The block of land has been on the market in different forms since September 2012.
There was some attempt in October 2013 to subdivide into two blocks and sell each for $995,000.
There was a failed auction in September 2014, followed by another attempt to sell it in two blocks for $950,000 each.
Mr Whittingham said it wasn't an easy sell, with the unique block needing to attract customers that typically weren't in the Gladstone market.
In the end there was a $575,000 difference between what Mr Whittingham paid and what it was sold for a decade later.
Mr Spearing said the market had been particularly strong in Tannum Sands in 2005 - and there was a house on it at the time.
He said they planned to build a new home that would complement the site, overlook the ocean and hoped to live the "ultimate Australian dream".
He says the new owners "will become locals".
"The purchasers should be very happy with themselves," he said. "They will be waking up looking out to the ocean every day."
Being on the beach a great way to live
PETER Gardiner knows exactly what it is like to wake up with the view from the Tannum Sands block.
He lived in the old Queenslander that sat on the block with his family, before it was pulled down.
"I loved it there, living right on the beach with the wife and three kids," he said.
"The house was pretty run down. You had to be careful to walk under the house that you didn't knock your head.
"It was two levels though."
Mr Gardiner said he and his wife Shaylene worked in the construction industry for two years while they rented the home. They were often away.
"We didn't know at the time but it was the party house of Tannum Sands while we were working," he said.
"When we were in Blackwater there were strikes and we came home early to find there was a party happening.
"It was definitely known as the party place for the Gardiner boys, and stuff still comes out about that house when we get together and chat."
He said it felt right living in an old shack on the beach.
"It was great because you were on the beach and could just leave the house open to the elements," he said.
"I'm sure the new owners will build a modern-style home because you can't recreate the shack feel."
At the time the Gardiner family was renting the property off a Biloela brother and sister duo, Ronald Graham Green and Daphne Evelyn Allison.
They inherited the property in 1998 off their father Archibald Green, along with their other sister Judith Ann Leneham.
But Judith walked away from the partnership in 2001, at a cost to her siblings of $100,000.
Four years later it was bought by Mr Whittingham for $1,625,000. Yesterday the block was still being used as Mr Whittingham had left it, as a car park but Mr Spearing was confident the new owners would erect a home for themselves.
According to Core Logic RP Data the site value of the block on June 30 was worth $880,000.