Resort Sale

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Noosa-based Altum Property Group has exchanged contracts to acquire the leasehold for Great Keppel Island from Terry Agnew's Tower Holdings.
It is subject to approval from the Queensland government.
The real estate developer made the move after a previous $50 million sale, to Wei Chao Pty Ltd in October last year, did not proceed to settlement.
It is understood the new buyers have negotiated an extended settlement period.
The island, which lies 12 kilometres from coast of Yeppoon, has approval for a $400 million major development including a hotel, eco-tourism villas, apartments, a marina, and a ferry terminal.
The previous decaying resort on the island was demolished last year.
The Queensland government has reportedly committed $30 million for common-user power and water infrastructure connections to Great Keppel Island, in the interest of boosting tourism.
Altum's group has no track-record of delivering tourism projects.
During the 1990s, Great Keppel was a famed party destination known by the slogan "Get Wrecked on Keppel".
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Great Keppel Island set to be sold again

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Iririki Island, an island resort and casino near Vanuatu’s capital of Port Vila, has reportedly been sold.
<a href="https://property.jll.com.au/hotel-sale/port-vila/iririki-island-resort-casino-12025" target="_blank">The 28 hectare resort</a> is described as the jewel in the crown of Vanuatu and boasts the nation’s “premier” gambling den, according to selling agents Jones Lang LaSalle.
Its sale was reported by Nine Entertainment.
Meanwhile the local paper has reported Vanuatu government is talking with investors from Laos interested in setting up another casino in the country, with the capital of Port Vila and Luganville on Santo in the north excluded as locations because there was a need to boost growth and jobs on other Vanuatu islands. 
Iririki has 72 villas, five bars and restaurants and a day spa.
The Australian reported the JLL sales brochure didn't advise on a long-running legal fight with some of the owners of another 68 units on the island over a long list of issues including rent, body corporate fees and insurance.
Darren Pettiona, a former executive with funds management empire Van Eyk, co-owns it with his brother, Shane.
One of the unit owners is Melbourne man Raphael Sztrochlic.
“Anything that’s involved with Iririki is just a nightmare,” Sztrochlic told The Australian.
The dispute will be heard in Port Vila on June 11.
One of the issues centres on the proceeds of a $20 million insurance payout from QBE Insurance after 2015’s Cyclone Pam devastated the ­island
Pettiona has sold prior court hearings the resort was worth about $32 million.
In 2017 Melbourne's wealthy Zagame family put their Grand Hotel &amp; Casino resort in Vanuatu\up for sale with market expectations of around $25 million.
Built in 2003, the eight-level hotel overlooks the Port Vila Harbour and offers views towards Iririki Island.
It features 15 gaming tables, 136 slot machines, a VIP top-floor gaming room, a restaurant, conference rooms, four bars, a pool and spa.
The family's involvement in Vanuatu dates back to 2001 when they were part of the consortium of Victorian hoteliers that purchased the private island resort of Iririki.
Patriarch Victor Zagame established the family's hospitality business in 1971 with the opening of the Albion Charles Hotel in Northcote in Melbourne's north east.
Another of the key players in Vanuatu is Amax whose main businesses involves operating online gaming businesses in Vanuatu.
 
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iProsperity Group buys Vanuatu's casino-hotel resort Iririki Island

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A Don Pancho Beach resort, located at the gateway to the Southern Great Barrier Reef on the Coral Coast of Queensland, is for sale.
Situated in Bargara, a seaside town 14 km east of Bundaberg, the multi-level Mediterranean styled resort complex is rated 3.5 stars.
Set on 3,940 sqm the freehold beachfront site has a frontage to Kellys Beach, and is positioned opposite the Bargara Golf Club.
Comprising 44 self-contained units (including a 2-bedroom manager’s residence), the resort complex also features a restaurant, conference room, undercover car parking, swimming pool, BBQ area, and halfcourt tennis court.
CBRE Hotels who hold the listing stated there is "significant value-add opportunity for owner operators and developers alike," as well as a "genuine scarcity of quality beachfront redevelopment sites in the area.".
The listing notes there is potential to renovate and reposition the existing product or redevelop the large footprint and establish a new plan with modern beachfront villas or strata title apartments and sell down subject to council approval.
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Don Pancho Beach Resort in Bargara, QLD listed for sale

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A tourist icon of north east Victoria, the five-star resort Villa Gusto, has been listed for private sale with a price tag of $3.85 million as a going concern.
The freehold at <a href="https://dickensrealestate.com.au/3922011/" target="_blank">630 Buckland Valley Road</a> offers a slice of Italy, having been built by Italophile Colin McLaren who took inspiration from the grand lakeside villas and hilltop homes and resorts of northern Italy to create a unique and indulgent country property. 
McLaren was an ex-Victoria Police detective-turned-author.
Its features include Glenrowan granite stone, reclaimed timbers and the classics of marble, internal fittings like hand woven tapestries, artworks and distinctive finishes and fine detailing.
It with its distinctive buildings and all operating facilities is offered for sale on a walk-in walk out basis creating multiple options or choices for a new owner. 
The property has been listed by Ben and Kirsten Edwards having upgraded Villa Gusto’s services, but now want to part with it for personal reasons.
The resort was used solely for Fiat Chrysler Australia's marketing operations since 2013, but the company ended its contract with Ben Edwards's company Vinfinity in 2015. 
The listing agents are DRE Business Brokers, a division of the property agency Dickens Real Estate in Bright. The marketing is being handled by Gerald Gray.
Villa Gusto is offered for private sale in full operational mode or on an effective going concern basis save for some heirloom family items that the vendors wish to retain.
Its features include:
<ul>
<li>a freehold of 5,416 sqm (almost an acre and a half) with bitumen road access that is 12.7 kms from Bright, even closer at 6.8 kms from the delightful village of Porepunkah on the Great Alpine Road with also a local aerodrome.</li>
<li>two buildings housing seven comfortable accommodation units supported by a full commercial kitchen with its own walk-in cool room.</li>
<li>the half circular shape of the Grand Palazzo central entry building faces to the west to give idyllic views and sunsets, across to Mount Buffalo</li>
<li>a solar-heated swimming pool that measures 14 by 8 metres and is edged in Travertine limestone with timber decks, pool furniture and is managed by a European BioTop filtration system.</li>
<li>a separate owner’s accommodation — an apartment with space and services of a size that is ideal for a couple with even a small family.</li>
</ul>
There is also a climate-controlled wine room and cellar with a capacity to house 1000 bottles. Ben Edwards is a noted wine reviewer, show judge and previously President of Sommeliers Australia. 
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/11/1/Dickens1.jpg" alt="">
Services include 60 solar panels of 15 kW capacity on the roof that transmit power back to the grid.
According to the owners, the peak trading period are summer, spring and the autumn months.
“I don’t think we have pushed the accommodation numbers from visitors and travellers through the high and alpine country so this potential remains to be tapped under new ownership”.
“We are offering the property and business for sale with all operational facilities in place, forward bookings and a complete IT operating software system and website,” Gray said.
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Villa Gusto in the Buckland Valley via Bright is for sale

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Del Mole Estate in Kangaroo Island, long used in South Australian tourism campaigns to promote the whole island, has been listed for sale for the first time in nearly five decades.
It was 1968 when the 2,400 hectare property was bought by the late renowned South Australian pastoralist Lloyd Wilkinson from the state's prominent Bonython family.
Set in the north west corner of Kangaroo Island, the estate spans 61 titles with 3.7 kilometres of untouched private coastline with sandy beaches and cliffs overlooking the ocean.
It is being marketed as a prime development opportunity for international corporate investors or high net worth individuals seeking to capitalise on the global tourism appeal of Kangaroo Island.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2017/10/09/De%20Mole%203.jpg" alt="">
Earlier this year, Kangaroo Island was ranked in the world's top three travel destinations by Lonely Planet.
Wilkinson family spokesperson Hamish Brown said the estate is a truly unique offering.
“We believe De Mole Estate is now the largest privately-owned coastal landholding on the market anywhere in Australia,” said Brown.
“And while the entire property spans almost 6,000 acres, it is still perfectly tucked away in a beautiful corner of Kangaroo Island, which really does make it a hideaway within a hideaway that our family has been privileged to enjoy for the past five decades.”
CBRE agent Phil Schell said the estate is a rare opportunity that will attract widespread interest from across Australia and internationally, particularly in light of the $18 million upgrade of Kingscote Airport and with Qantas to start direct flights to Kangaroo Island from Adelaide and Melbourne from December.
“For such a vast landholding, De Mole Estate remains nestled away in a stunning pocket of Kangaroo Island, which is now widely recognised as one of the most idyllic tourism destinations on the planet,” he said.
Del Mole Estate is expected to attract offers in excess of $10 million.
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Kangaroo Island's Del Mole Estate for sale

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The Malaysian owners of Queensland's Hayman Island have listed the resort with $300 million hopes.
Hayman Island, in the Whitsunday's is owned by Malaysian-based company Mulpha.
Reports state it is on the market through Queensland real estate agent Dan McVay, of McVay Real Estate.
The 160-room resort needs a rumoured $80 million worth of repairs following destruction caused by Cyclone Debbie late March.
According to reports in The Australian, Hayman Island's fin­ancial performance had started to improve before the cyclone. The resort, which employs 1200 staff, will remain closed until the refurbishment is completed.
The Australian reported the billionaire Oatley family, owners of Hamilton Island, could be interested in Hayman because of its infrastructure, and the family is keen to develop another high-end resort similar to its opulent Qualia resort, with a Hamilton Island spokesperson saying Hamilton Island does not comment on rumour or speculation regarding our interests or business strategy.
Mulpha is also looking for a new operator for the island.
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Hayman Island listed for sale

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An application has been filed in Queensland’s Supreme Court to appoint statutory trustees to sell the Don Pancho Beach Resort property at Bargara in Queensland, according to a notice for members on the resort’s website.
The matter will be heard by the Supreme Court in Brisbane on April 12. 
Located at Bargara, the white-painted, Mediterranean-style resort is positioned at the gateway to the Great Barrier Reef. It is part of the Bundaberg area.
The land area is 3,940 square metres and the zoning is medium density residential.
Rooms are priced from $88, according to the resort's website.
Members may be entitled to a share of the proceeds on the sale of the property, the note says. 
A resolution was passed by a majority vote of members at the Extraordinary General Meeting held on 11 May 2016 in favour of making this application. 
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Don Pancho beach resort in Bundaberg seeks trustees for sale

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A Coffs Harbour beachfront resort development opportunity has been announced to the market.
The property, BreakFree Aanuka Beach Resort has been operating for 30 years in the holiday location.
The development is currently operated by the Mantra Group who have a five year lease remaining.
It offers the only direct local access to the popular Diggers Beach.
Set across two strata-titled totalling 6030 sqm of beachfront lots, the resort has a reception, administration, conference, F&amp;B, leisure and recreational facilities.
The bluechip investment is being managed by Knight Frank Directors Donald Watson-Brown and Ryan O'Hanlon.
Watson-Brown suggested that it offers a lucrative holding income of over $420,000 per annum for a site with extensive development upside.
"The resort offers flexibility and plenty of options in its investment proposition," said Watson-Brown
"The current owners are keen for development of the property to go to a party that has a vision to use the property in a positive way for the local area – whether that is mixed-use residential, hotel, or other type of development."
The accommodation offerings of the resort are not included in the sale.
“Aanuka Beach Resort has proved to be an integral part of the local history of the Northern NSW Coast tourism industry, providing generations of beachgoers lifelong holiday memories," he said. 
Fellow director Ryan O'Hanlon spoke of Coffs Harbours location for investors.
“Positioned within close proximity of the Pacific Highway, Coffs Harbour is a historically strong-performing holiday destination and this is a great development opportunity."
“The offering represents a highly strategic play for future development on the site. Underpinned by direct access to Diggers Beach, the owner of the Aanuka Resort infrastructure will control the future use, refurbishment or even larger-scale development of this historically successful holiday precinct," he said.
Aanuka Beach Resort, Coffs Harbour is located approx. 535 km north of Sydney and 389 km south of Brisbane.
The property is located 2 km to Coffs Harbour City, 8.5 km to the airport, 1 km to the Park Beach Plaza Shopping Centre and 10 km to Coffs Harbour Stadium.
The property is for sale via expressions of interest.
 
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Aanuka beachfront resort development in Coffs Harbour on the market

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A 195-hectare Surf Coast development, The Sands Torquay Resort, is set to hit the market in Victoria's coastal township of Torquay with price expectations of $25 million.
The master-planned subdivision at 2 Sands Boulevarde comprises a hotel Peppers The Sands, an 18-hole championship golf course, clubhouse and health club facilities integrated with a residential subdivision surrounding the course and an additional 4000 sqm of vacant land opposite the clubhouse with potential for further development.
Colliers International’s Guy Wells, Stephen Burt and Raymond Tran have been appointed to sell the property on behalf of the Handbury Group. 
“This major landholding within the fast-growing township of Torquay represents a one-off investment and development opportunity in one of Victoria’s most popular destinations,” Wells said.
“Torquay is well known as the home of surfing in Victoria and is a hub of major surfing activity at the northern end of the Great Ocean Road. The township of Torquay has grown significantly in the past 10 years and developments such as The Sands Torquay Resort have added to the popularity of the location."
The golf course was designed by Stuart Appleby and the resort has a pro shop, members locker rooms and clubhouse facilities. There is also a separately operated health club with an indoor pool.
 <img src="/images/2016/05/16/Peppers-The-Sands-Conference7.t48527.jpg" alt="" width="608" height="405">
Adjacent to the clubhouse is the Peppers The Sands hotel comprising 112 rooms and suites over three levels, conference facilities, restaurant and bar facilities and tennis courts.
<img src="/images/2016/05/16/Peppers-The-Sands-Deluxe-Room-Lounge.t35201.jpg" alt="" width="611" height="407"> 
<img src="/images/2016/05/16/Peppers-The-Sands-Premier-Suite-View.t45649.jpg" alt="" width="605" height="403">
<img src="/images/2016/05/16/Peppers-The-Sands-Room4.t35226.jpg" alt="" width="605" height="403">
<img src="/images/2016/05/16/Peppers-The-Sands-Conference.jpg" alt="" width="611" height="407">
“This distinctive hotel, designed by award-winning Melbourne architects Perrott Lyon Mathieson, is unique to the area and draws visitors from the surrounding region and beyond from Melbourne,” he said. “The hotel operates under a marketing agreement with Mantra Group and under the Peppers Brand. This agreement could be transferred to a new owner as desired.”
The Sands Torquay Resort is part of a residential development known as The Sands which includes about 400 residential homes and 150 townhouses around the picturesque golf course. 
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Surf Coast's The Sands Torquay resort to hit the market, $25 million expected

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The United States-based hospitality group Delaware North has put Lizard Island Resort and Heron Island Resort set in Queensland's Great Barrier Reef up for sale.
It was in 2009 when Delaware North purchased the two luxury islands from the GPT Group.
It has since spent about $50 million on the upgrade of Lizard Island Resort.
JLL Hotels and Hospitality has been appointed to find the buyer for Delaware North, a private company controlled by the Jacobs family.
Earlier this year the Shanghai-based China Capital Investment Group paid about $30 million for former vitamin entrepreneur Vaughan Bullivant’s Daydream Island in the Whitsundays.
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