OFF MARKET

Coconut Street
Forrest Beach QLD 4850

Bedrooms: 2
Bathrooms: 1
Car spaces: -
Floor area: 112m2
Land area: 19110m2
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Property Details for Lot 19 Coconut St, Forrest Beach

Lot 19 Coconut St, Forrest Beach is a 2 bedroom, 1 bathroom House and was built in 1940. The property has a land size of 19110m2 and floor size of 112m2.

Building Type
House
Year Built
1940
Floor Size
112m2
Land Size
19110m2
Local Government
Hinchinbrook

Last Listing description (May 2016)

9.25 Acre BEACHSIDE DEVELOPMENT SITE (Zoned Residential) -- Lots 19 & 20 Coconut Street Forrest Beach, North QLD. Outstanding Location... Beautiful Property with Huge Potential, offering a Rare Opportunity to the astute Investor.
Massively Reduced, and well below Cost objective to Attract a Capable Developer / Entrepreneur with Vision, to deliver our clients Concept, or similar Development to this Beautiful Beachside Community.
A Significant amount of Work has already been done on Development Design Options, and discussions with Council have been extremely Encouraging and Supportive. Overall... the general support for the Proposed Development Concepts have been Overwhelmingly Positive. Although Current Owners have relevant Development Experience in the area, they no longer have the capacity to deliver the Project alone but genuinely hope to see such a Development realised for the Community. They are most willing to assist genuine Purchasers with Development advice & assistance if required.

This Property has Enormous Potential for Tourism (Resort Cabins/Bures), Retirement, Unit/Villa Development, Gated Beachside Community and similar Concepts and boasts a number of Unique Features which provide Fantastic Marketing Points, and set it apart from similar developments. There is close Beach Access via the Existing Boardwalk, which was constructed in conjunction with Owners previous Development. Previous discussions indicate that there may be a possibility of a second Boardwalk being constructed in association with further Development of these Sites. As a point of Interest.... Forrest Beach has a significant & noticeable Lack of Tourist Accommodation there is a Golden Opportunity for an Entrepreneur with Vision to make an impact.
Property backs onto Beachfront Reserve, with 256 metres of it s Rear Boundary adjoining the Nature Reserve. This Excellent Property is very Private and Private Access to the Beach is guaranteed, since this Property can Never be built-out between it s Rear Boundary & the Beachfront (approx.. 300m away). Walking, quad, or 4x4 track/s to the Private End of this Stunning Beach is possible from this Site, and as mentioned... a Second Boardwalk may be a possibility and a benefit very few can Boast.
Development Approval (now lapsed) was previously obtained for Residential Sub-division of Lots ranging from 700m2, and Plans are available for information. Previous Sub-division Proposed a 37 Lot Residential Sub-division, and had been designed to be completed over 1, 2 or 3 Stages. Attached Photo's show the Current Configuration of the Land over the 2 Sites (Lots 19 & 20) Concept Plans available for information only showing possible reconfiguration of the Sites into 3 Titles. Other Plans and Information regarding Development Possibilities would be made available to Genuine Purchasers.
In it's current configuration of 2 Titles - Lot 19 is 1.911 ha (4.722 acres), and Lot 20 is 1.84 ha (4.547 acres). Lot 19 currently has a Genuine Old Queenslander Home, which was relocated to the Site in the last few years. The Home has power & water connected, and septic tank & trenches have been installed. The Queenslander is in very good structural condition, and would make a Stunning Home or Sales Office once Renovated. The Home can be negotiated at additional Cost, or will be removed otherwise.
Both Sites were cleared around 2 years ago, with Lot 19 having been largely maintained, but Lot 20 will require further maintenance. The Sites are Not available For Sale separately.
Forrest Beach (via Ingham) is in a Great Coastal Location.... around 130km North of Townsville (aprox 1.5 hours to Townsville Airport) and around 253km South of Cairns (aprox. 3 hours).
GENERAL FEATURES:-
Large Beachside Development Site -- Tourism/Resort -- Retirement -- Residential -- Beachside Village -- Unit Development (or large Beachside Home Site)
Property Type/Zoning :- Residential Land (with relocated dwelling)
Boundary Rear :- 256.0 m
Land Size :- 3.75ha (9.26 acres)

Property History for Lot 19 Coconut St, Forrest Beach, QLD 4850

A timeline of how this property has performed in the market
  • 23 Apr 2015
    Listed for Sale FROM $475,000

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About Forrest Beach 4850

The size of Forrest Beach is approximately 45.2 square kilometres. It has 2 parks covering nearly 10.4% of total area. The population of Forrest Beach in 2011 was 1,232 people. By 2016 the population was 1,247 showing a population growth of 1.2% in the area during that time. The predominant age group in Forrest Beach is 60-69 years. Households in Forrest Beach are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Forrest Beach work in a trades occupation. In 2011, 69.8% of the homes in Forrest Beach were owner-occupied compared with 70.7% in 2016.

Forrest Beach has 1,041 properties. Over the last 5 years, Houses in Forrest Beach have seen a 87.90% increase in median value, while Units have seen a 46.00% increase. As at 31 October 2024:

  • The median value for Houses in Forrest Beach is $358,002 while the median value for Units is $257,795.
  • Houses have a median rent of $410.
There are currently 20 properties listed for sale, and 2 properties listed for rent in Forrest beach on OnTheHouse. According to CoreLogic's data, 81 properties were sold in the past 12 months in Forrest beach.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.