South Molle Island Sold by Peter Harper and Tate Stubbs of JLL Hotels & Hospitality Group
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South Molle Island Sold by Peter Harper and Tate Stubbs of JLL Hotels & Hospitality Group
This Whitsunday Island in Queensland, next to Daydream Island, Hamilton Island and Hayman Island, has been sold.
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South Molle Island
JLL Hotels & Hospitality Group is proud to have acted as exclusive agent for the sale of South Molle Island in Australia's iconic Whitsundays.
We would like to congratulate the seller, Mr Craig Ross, and purchaser, CCIG, on the transaction.
South Molle Island encompasses an incredible 12 hectare parcel of land that boasts a frontage of over 600m to one of the only sheltered north facing white sand beaches in the region. A further 15 hectare parcel is located in the middle of the island and is surrounded by tranquil national park.
The existing 188 guest room resort features a range of food & beverage outlets and recreational facilities including a nine-hole golf course. The potential for South Molle Island is however far greater with initial town planning advice indicating the potential for well over 1,000 accommodation rooms on the island.
The sale process for South Molle Island was completed in less than two months and attracted considerable interest from a range of investor types who emanated from numerous countries across Asia, together with a number of domestic groups.
The sale is another example of the international investment community’s confidence in the long term outlook for Australia’s, and in particular Queensland’s, leisure tourism markets. The existing owners in the Whitsundays have done a tremendous job with assets such as Daydream Island, Hamilton Island and Hayman Island. This has gone a long way to maintaining the region’s reputation as one of Australia’s best tourism destinations.
We certainly look forward to watching the Whitsundays further grow with the future transformation of South Molle Island, completion of a range of other tourism related projects, increases in airline services, and continually evolving tourism demand source markets both domestically and abroad.
The transaction continues JLL Hotels & Hospitality Group’s ongoing track record of island resort sales across the Asia Pacific region which includes assets in markets such as French Polynesia, the Maldives and Seychelles.
For further information, please don’t hesitate to contact Peter Harper or Tate Stubbs.
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