Sell with Confidence
Read More
News

Offshore groups set to swoop on South Molle Island in the Whitsundays which has been put on the market

By Mark Beale

Overseas groups are expected to be vying for one of jewels of the Whitsundays, South Molle Island.

Long time owner and tourism identity Craig Ross put the backpacker haven on the market following a number of unsolicited approaches from investors and developers.

Mr Ross holds the perpetual leasehold on South Molle Island which features over 12ha of developable absolute beachfront land, including a frontage of over 600m to one of the only sheltered north facing white sand beaches in the region and a secluded 15ha parcel in the middle of the island, surrounded by national park.

JLL Hotels & Hospitality Group’s Peter Harper and Tate Stubbs have been exclusively appointed to market the property with an expressions of interest close date set to be announced in the coming days.

Industry sources have put the island’s price tag at around $30 million.

Mr Harper said it was an “incredible” opportunity to secure one of the last large-scale island development opportunities in the Great Barrier Reef.

SOURCE: COURIER MAIL

Up to Date

Latest News

  • Ray White Economics Weekly Update

    This week I take a look at our most wanted. Where we want to buy and rent, based on price growth and where we want to be, based on population movements. Our most wanted city (and suburbs) There really has been no suburb or city untouched by COVID accelerated demand. … Read more

    Read Full Post

  • Ray White Economics Weekly Update – Net Interstate Migration

    This week, I take a look at the latest population movement data for Australia, as well as the growth in housing finance. There continues to be a tsunami of money targeting a declining number of properties for sale. Brisbane and Regional Queensland are attracting the most people Australia continues to … Read more

    Read Full Post