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

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