Dunk Island attracts cryptocur­rency consortium

Dunk Island attracts cryptocur­rency consortium
Staff reporterOctober 18, 2018

The cryptocur­rency consortium that was the underbidder on Great Keppel is now attempting to buy Dunk Island.

The international cryptocurrency consortium is understood to be keen to buy the derelict island, according to The Australian newspaper.

The Dunk Island Resort in far north Queensland was devastated when Cyclone Yasi struck.

Dunk Island Resort occupies 150 hectares, the largest in what is known as the “family group of islands”.

Represented by Tim Sommers and Sean Neylon, Royalty Blockchain is understood to have entered an exclusive period of due diligence after paying a cash deposit.

Royalty Blockchain was the underbidder on Great Keppel Island, which was sold to wealthy Singaporean and Taiwanese interests for about $70 million last week.

Dunk, which is tipped to be worth around $25 million, was last traded when bought by the founder of the failed Linc Energy, Peter Bond, in 2012.

Mr Bond has since allowed the lease over the neighbouring spit, which is part of the island’s national park, be taken over by a Cairns-based skydiving outfit.

Editor's Picks

Capri prepares to welcome residents to resort-style villa community on Isle of Capri
Buyers take advantage of WA stamp duty concessions as Incontro Subiaco apartments near 50% sold
Gold Coast buyers starting to think longer-term: Five minutes with SRQ Projects Director Nick Clydsdale
A "passion project" not to be repeated: Inside DJ Fisher's Pescado Palm Beach with Jayde Pezet
Why Danby Lane in Nundah is more than just a project for Gardner Vaughan Group: Five minutes with Sam Gardner