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South Molle Island – One Of The Whitsundays Last Large Scale Development Opportunities On The Market

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Considered one the best located and positioned islands in the Whitsundays on Australia’s Great Barrier Reef, South Molle Island is on the market following a number of unsolicited approaches from investors and developers.

The Island embodies the beauty of the globally recognised region and is skirted by several white sand beaches, pristine coral reef and extensive established national park. It is also in close proximity to several famous landmarks including Heart Reef, Hill Inlet & Whitehaven Beach.

The island which entertains a rich tourism legacy of circa 80 years since its original conception as a resort destination has considerable development potential with initial town planning advice suggesting that over 1,300 rooms may be achievable on the island subject to council approval.

JLL Hotels & Hospitality Group’s Peter Harper and Tate Stubbs have been exclusively marketing the property.

The perpetual leasehold interest in South Molle Island features over 12 hectares 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 15 hectare tranquil parcel in the middle of the island, surrounded by national park.


Click to view video presentation on South Molle Island.


“The ability to acquire the perpetual leasehold interest in South Molle Island presents an incredible opportunity to secure one of the last large-scale island development opportunities in the Great Barrier Reef. It’s certainly the premium sale offering in this part of the world at present and we expect global investors and developers to act accordingly," said Peter Harper.

Tate Stubbs added, “South Molle Island benefits from excellent connectivity to both Airlie Beach on the mainland and Hamilton Island, providing ease of access to and from their respective commercial airports via boat or helicopter. With strong growth in visitation by both domestic and international tourists and continued investment in infrastructure throughout the region, an incoming owner will inherit the Island's considerable future potential.”

Mr Stubbs continued, “The ability to potentially develop a fully integrated large-scale resort, this close to airport infrastructure in one of the world’s most outstanding leisure destinations is truly unprecedented.”

It is understood that a range of both domestic and international groups have shown considerable interest in the island offering so far.

Mr Harper noted, “Interest in Queensland’s key leisure markets remains strong with considerable positive macroeconomic factors highlighting the greater region on the world stage.

“The Whitsundays have been cemented as a global travel destination, the likes of Whitehaven Beach and Heart Reef bring people from all across the world and with increasing connectivity to Asia we expect the international affinity to the region to only grow.”

Interested enquiries should be addressed to: Peter Harper (+61 412 560 246 / peter.harper@ap.jll.com) or Tate Stubbs (+61 409 640 873 / tate.stubbs@ap.jll.com)
The Urban Developer is proud to partner with JLL to deliver this article to you. In doing so, we can continue to publish our free daily news, information, insights and opinion to you, our valued readers. 
 

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Article originally posted at: https://theurbandeveloper.com/articles/south-molle-island-one-of-the-whitsundays-last-large-scale-development-opportunities-on-the-market