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
By Commissioner for Body Corporate and Community Management on April 10th, 2025 Living in a community titles scheme can come as a surprise to many new residents. It can take some time to adjust. Perhaps the most striking difference is the proximity to others in your scheme. Life in a body corporate … Read more
Nerida Conisbee Ray White Group Chief Economist After a remarkably swift recovery in January 2025, Australia’s property market faces several possible paths as global economic uncertainties continue to evolve. While structural factors like persistent housing undersupply create a solid foundation for long-term growth, various scenarios could play out over the … Read more