Better holidays you can buy for $700,000 than a shed on a chilly beach in Victoria

This Victorian beach box looks like it’s about to become Australia’s most expensive shed:

Picture: Sotheby’s International Realty

No.1 Boat Shed on Portsea Front Beach is up for sale with an expected sale price of $700,000, and is heading for a new record price for the resort town.

It’s Portsea, on the south coast of Victoria. Only chilly Tasmania is further south.

If you want a clue as to what kind of a beach break your $700K room will buy you, check the flag in the listing video:

Which is not to say it’s not a great investment. It absolutely is, because it was bought 25 years ago for $25,000. There’s only about 50 boatsheds on nearby Shelley Beach, and no more will built.

Last year, Box 23 went for $615,000, well above the $350,000 expected by its former owners.

But as a holiday home – it’s not even that because it’s for day use only, you can’t have a sleepover there, you can’t even put in a toilet and there there’s no power or running water – so you’ve got to spend another couple of million dollars on somewhere to stay.

So does it give you bang for your $700,000 bucks? No. No it doesn’t. Spend it on these instead.

Two four night stays per year at Saffire Resort on Tasmania’s Freycinet Peninsula.

Picture: Saffire Freycinet.

Including flights and accommodation, for the next 35 years.

This lovely apartment in Portsea

Picture: Fletcher’s Mornington Peninsula

About three minutes walk from the $700,000 boat shed, which gives you a great Airbnb business, plus two bedrooms and two bathrooms. And two swimming pools, a gym and a tennis court.

A $500,000 home and entry to ‘the Airbnb for billionaires’.

Giving you an extra $200,000 to spend on flights and renting houses for a week at a time around the world like this villa in Morocco:

VillaElBoura DouarBenGaouiMoroccoCourtesy of 3RD HOMEThis Moroccan villa could be your next vacation spot.

54 nights for two people aboard the Queen Mary 2.

Picture: Cunard

From Melbourne to Southhampton via Honolulu, San Francisco and Panama, all meals included, every year for the next 19 years.

This whole Great Barrier Reef island and accommodation for you and 29 guests.

Picture: Private Islands Online

For a week every year for the next 50 years.

63 years membership to this autopilot yacht with king size bed and two twin guest rooms.

Your 1/10th share will get you sail training, 33 days a year of sailing out of Moreton Bay, full servicing, docking and cleaning.

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