Fraser Island

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A residential land parcel on Fraser Island has been listed for mortgagee auction.
Fraser Island, which sits off Australia’s eastern Queensland coast, is the world's largest sand island.
The <a href="https://www.realestate.com.au/property-residential+land-qld-fraser+island-202810158">beachfront allotment</a>, located on the western side of the Kingfisher Bay Resort, was advertised as mortgagee on realestate.com.au.
Adjacent to architecturally-designed beachfront housing, the 1080sqm block offers an ideal opportunity for a residential development.
Its offerings include unrestricted views overlooking the Great Sandy Straits and a unique location.
The median value price for homes on <a href="https://www.urban.com.au/news/6662-fraser-island-qld">Fraser Island</a> is over $1,000,000 according to CoreLogic.
Ray White Hervey Bay agent Glenn Fallon holds the listing.
The auction will take place on Saturday, October 24.
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Beachfront land on Fraser Island listed for mortgagee auction

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More than $50 million worth of Australian tourism properties has been listed by Japanese real estate group Cosmos Initia, including Fraser Island Kingfisher Bay Resort, Eurong Beach Resort, Fraser Explorer Tours and Fraser Island Ferries to be sold as one lot. 
According to the Australian Financial Review, Cosmos Initia, was looking to diversify into other areas such as residential development, sources said. 
Colliers International said the two resorts in the group account for more than 90 percent of commercial accommodation options on Fraser Island.
The group turned over $55 million in 2016 and made a net profit of about $7 million.
Colliers' Neil Scanlan and Gus Moors are handling expressions of interest.
Neil Scanlan said the operations could be integrated within another established tourism portfolio in Australia or operated under full management as it is today.
"In addition to this, a large amount of surplus freehold development land offers an incoming purchaser a significant upside with extensive new development or redevelopment options," he said.
"Less than 1 percent of the island is freehold or leasehold land, so new development options are very limited.
"There is also an opportunity to redevelop 1.4 hectare of beach front land at Eurong Beach Resort.
"Development options are very flexible and could include a mixed use tavern/hotel, new hotel or strata titled apartment development."
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Fraser Island

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