Coveted waterfront property won’t cost arm and leg

A classic property dream that many people share is owning a boatshed.

Some want to store their watercraft in it.

Others wish to use the space as an art studio, or a quiet place to write their memoir.

Everyone knows — and loves — the colourful boatsheds that run along Cornelian Bay. But they can easily fetch six-figure sale prices.

In 2023, Boatshed No.36 sold for $450,000.

However, a great shed doesn’t have to cost the Earth if you know where to look.

In beachy Primrose Sands, Wolf Property’s Emily Collins has listed a Gypsy Bay boatshed for $50,000-plus.

Ms Collins described the property as a rare one as they “don’t hit the market often around here”.

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“There are a number of boatshed scattered throughout our beachside community, but they tend to be tightly held,” Ms Collins said.

“It’s really a rare opportunity when one becomes available, and even more so at an affordable price point like this.”

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With crystal-clear waters at your doorstep, this property will be the ultimate summer sanctuary.

The next owner will be able to launch a boat from the local boat ramp, unwind on the jetty with a glass of champagne, or simply enjoy the sounds and sights of the bay — you might even see a dolphin or two.

The spacious interior offers versatile options, making it ideal for storing kayaks, paddle boards and fishing gear, or alternatively transforming the space into a unique waterside studio or creative retreat.

Convenience is a key drawcard, with the property situated just below a carpark that includes public toilet facilities and ample space for boat trailers. The financial appeal is equally attractive, with low annual outgoings comprising a Crown lease fee of approximately $258 per year and local council rates of around $645 per annum.

While overnight stays aren’t permitted, this boatshed is perfect for day trips, summer picnics, fishing adventures, and relaxed family weekends by the water.

Ms Collins said Primrose Sands offers a real lifestyle element that sets this property apart from city boatsheds.

“You’ve got a more relaxed pace, the same sparkling water views but without the huge price tag,” she said.

“I’ve had the privilege of selling one other boatshed in the area, but they’re usually tightly held, and some are sold quietly off-market between owners.

“Locals typically use them for day trips, kayak and paddleboard storage, or just a place to unwind near the water.

“I recently viewed one that had been beautifully styled into a peaceful little retreat, almost like a tiny studio by the sea.

“This current one is a blank canvas perfect for someone with a bit of vision who wants to create their own slice of coastal heaven.

“I love the idea of a shack without the full shack price tag and this listing really captures that!”

The land is leased under a Crown Licence and valid until about 2043. There are 18 years left on the current lease.

Property values in Primrose Sands have been a success story in recent years, with the median house price growing from $245,000 in 2015 to $335,000 in 2020 to $480,000 so far this year, per Real Estate Institute of Tasmania figures.

Wolf Property has this Gypsy Bay boatshed in Primrose Sands on the market for $50,000-plus.

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