Brisbane, 19 June 2014 – A luxury, award winning resort in Queensland’s picturesque Whitsunday Islands has been listed for sale in a move tipped to garner significant investor interest.
The Paradise Bay Island Resort is a boutique resort located on South Long Island in the Whitsundays near Hamilton Island.
The eco-friendly resort, which offers a unique blend of 10 upmarket beach front bungalows, includes a fully licensed gazebo bar, restaurant, infinity edge resort pool and day spa facility.
CBRE Hotels’ Don Watson-Brown is selling the property on behalf of Barry and Julie Pickering via an Expressions of Interest campaign.
Mr Watson-Brown said the property was most likely to appeal as a “trophy” asset investment.
“The boutique resort has a maximum capacity of just 20 guests at any one time, making it a high-end private getaway nestled between natural rainforest and some of Australia’s finest waters,” Mr Watson-Brown said.
“While there is opportunity to further develop the resort, it will most likely be purchased as a trophy asset, only available to specific high end clientele as a means of securing holding income.”
The Pickering’s have spent approximately $2.5 million upgrading the resort, transforming the whole resort, using a shabby chic theme, into one of the Whitsundays’ most exclusive and unique destinations, allowing only select guests to visit.
The asset has been nationally and internationally recognised as one of the best resorts in the Whitsundays, winning several coveted accolades including seven Whitsunday Tourism awards, Traveller’s Choice Award on Tripadvisor twice and the Leadership in Responsible Tourism award in the 2009 Islands Blue List.
Mr Pickering, who purchased the resort as a lavish birthday present for his wife, said the decision to sell was bittersweet.
“I purchased the resort as a 50th birthday present for Julie. We have spared no cost in developing the resort into a version of utopia. Our heart and soul has gone into this project – family, friends and select guests love the resort - but things happen for a reason, and someone will no doubt enjoy the fruits of our passion for many years to come,” Mr Pickering said.
Mr Watson-Brown said the resort, which currently spans over eight acres, held potential to triple in size.
He explained: “While there is development potential, the vision conceived by the current owners lends itself to a near perfect scenario – a luxurious and private island living lifestyle with luxury facilities that can be selectively offered to high net worth individuals looking for the most intimate of private holidays or functions.”
Paradise Bay Island Resort is being offered for sale through an Expressions of Interest campaign closing July 4 at 1pm.
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