Dunk Island is one of only a few freehold islands on the entire Great Barrier Reef.
JLL Hotels selling Dunk Island on the Great Barrier Reef
Formerly a 160-key resort, current ownership has utilised the Island exclusively for personal use
“Dunk Island provides the perfect opportunity to deliver an all-encompassing holiday destination akin to the enormously successful Hamilton Island"
JLL Hotels has been exclusively appointed to offer Dunk Island on the Great Barrier Reef for sale.
Dunk Island includes 135 hectares of freehold developable land along with significant in-place infrastructure including a mainland power connection, supporting utility infrastructure and a commercial grade airstrip.
Previously owned by Qantas and international cruise line company P&O, the former “Dunk Island Resort” operated as a 4.5-star family resort featuring 160 guest rooms, a 9-hole golf course, multiple food and beverage outlets, tennis courts and day spa.
The Island is superbly located just off the mainland, only a 30-minute direct flight from Cairns International Airport or 20-minute ferry from Mission Beach, and while current ownership has utilised the Island exclusively for personal use, there is significant potential to develop it into Australia’s next tourism icon.
“Dunk Island provides the perfect opportunity to deliver an all-encompassing holiday destination akin to the enormously successful Hamilton Island, ideal for establishing a wide range of accommodation offerings, leisure activities and a self-sufficient ecosystem” said Nick Roche, JLL Hotels & Hospitality Group.
“Its exclusive setting, stunning views and commercial-grade airstrip set against one of the world’s greatest natural wonders ensure it remains a highly desirable holiday location, while the mainland power connection and supporting utility infrastructure enable the alleviation of large overheads typically associated with such an operation”
Recent investment into the region includes Hayman Island’s conversion to an InterContinental, Daydream Island’s refurbishment and Lizard Island’s renovation.
“We are currently seeing a surge in domestic travel across Australia and anticipate this demand will only accelerate as State borders open and a Trans-Tasman bubble is established” said Andrew Langsford, JLL Hotels & Hospitality Group.
“Given the impact of Covid-19 and restrictions on international travel in the near term, we anticipate the Great Barrier Reef accommodation market to be a strong beneficiary of Australia's high overseas spend, much of which is expected to be diverted to high-end resort locations, we expect this change in travel behavior will be sustained for years to come.”
Mayfair 101 contracted to buy the island for $31m last year but never completed the purchase, allowing the Bond family’s Family Islands Group to reclaim ownership.
Mayfair 101 founder James Mawhinney said Wednesday night that he still plans to redevelop Dunk Island into a $1.5bn tourism mecca.
Mr Mawhinney said the Bond family, as the mortgagee in possession, were always entitled to follow through with the sales process.