Alan Henry says he is asset-rich but cash-poor so is selling off a prime parcel of land.
Alan Henry says he is asset-rich but cash-poor so is selling off a prime parcel of land.

Alan's real estate is hot news

THE real estate consultant handling tenders for Hervey Bay's multi-million-dollar 4.5-acre property spent Wednesday fielding inquiries from prospective buyers.

Robyn Taylor of Elders Real Estate said the calls had followed the Chronicle's front page story yesterday about Alan Henry, the elderly Victorian farmer who is being forced to sell his prime blocks of land after 43 years to pay his outstanding rates and land taxes.

And good news came Mr Henry's way when Fraser Coast Regional Council development services director David King said: “We are happy to talk to any potential developers or buyers about any proposal plans they might have”.

Mr King said one of Mr Henry's allotments, a 1.619 hectare block at 640-644 the Esplanade, was zoned high-density residential.

“But it is constrained by the natural areas overlay in the Hervey Bay City Planning Scheme reflective of the significance of its remnant vegetation.

“Currently no development applications are lodged over the block and in the absence of any application no assessment has been made of the development potential of the site.”

Mr Henry said he just wanted to sell the property because he didn't have the cash to pay his outstanding rates and land tax bill of around $200,000.

“I need the money from my Hervey Bay land to help fund my nature refuge trust where I have several bush blocks in New South Wales and Victoria to give a home to wildlife and birds.”

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