The owners of the old Club Med house are taking advantage of the current demand for the tropical islands of Queensland by offering Lindeman Island, which includes 637 acres of national park area and seven private beaches.
After owning the island in Whitsundays for a decade, Chinese group White Horse has decided to sell it at an expected price of more than $ 20 million.
Lindeman, like some of its neighboring islands in the archipelago, has been closed since January 2012 after being flattened by Cyclone Yasi. It is 15 miles from the popular Hamilton and Hayman Islands and is a 40-minute boat ride from Airline Beach, Queensland.
Lindeman Island, the former home of Club Med on the Whitsundays, has been closed since January 2012.
The Queensland Islands have recently caught the attention of major investors with Annie Cannon-Brookes, the wife of Atlassian founder and Croatian climate Mike Cannon-Brookes, last week paid $ 24 million for Dunk Island in the north end of Queensland.
But among the rebates, there are many islands that have been closed for years after suffering bad weather. The Queensland government hopes the new cash hike will give new life to resorts as it prepares to show off the state and its gem, the Great Barrier Reef, when it hosts the 2032 Summer Olympics in Brisbane.
Loading
White Horse paid $ 12 million for the lease and created a master plan for a variety of four- to six-star accommodations, with 325 villas, suites and apartments, an education center in ecotourism, a conference center and a variety of bars, restaurants and shops.
Local White Horse representative Michael Dawn said it was unfortunate to have to sell the island after ten years of ownership.
“White Horse has decided to divest Lindeman Island, despite having successfully completed the Environmental Impact Statement (EIS) component of the redevelopment,” Dawn said.