Not-so-perfect islands for sale in FNQ

Not-so-perfect islands for sale in FNQ
Jonathan ChancellorSeptember 6, 2011

The Hideaway Resorts portfolio, consisting of the Cyclone-ravaged Dunk Island and Bedarra Island resorts on the Great Barrier Reef, has been listed for sale.

Bids are due on the Far North Queensland freehold offering through CBRE Hotels agents Wayne Bunz, Tom Gibson and Paul Nyholt by October 20 at 4pm.

Bunz says the campaign presents an opportunity to buy what had been some of the most exclusive island resorts in the region prior to Cyclone Yasi.

The resorts have been closed since the February cyclone.

Dunk Island Resort (pictured) occupies 150 hectares, the largest in what is known as the “Family Group of Islands”.

Bedarra Island is four kilometres to the south of Dunk Island, the second largest in the “Family Group of Islands” and incorporates the Bedarra Island Resort on 44.96 hectares and Bedarra Hideaway on 34.88 hectares.

Bedarra was famous for its complimentary bottles of French champagne at the open bar. Actor Toni Collette said it was the sexiest place she had ever visited. 

Melbourne-based Hideaway Resorts acquired the Beddara Island from Voyages in 2009 for $21.5 million, according to RP Data. Dunk cost $20.5 million. 

The properties have been listed by the philanthropic businessman John McCall MacBain. McCall MacBain founded Trader Classified Media, a major classified advertising enterprise, which was sold in 2006.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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