Dunk Island in Queensland sells for $32 million
London-based group Mayfair 101 has bought once-popular Dunk Island for nearly $32 million.
The group has promised to bring the Queensland resort island back to its former glory and are hopeful they can turn things around.
Mayfair 101’s ambitions are to create “one of the most sought-after island destinations in the Asia-Pacific region,” with the resort an international attraction.
“Located between two world-heritage areas, our vision is to create a tourism mecca with Dunk Island becoming one of the most sought-after island destinations in the Asia-Pacific region,” James Mawhinney said to news.com.au.
The island appeared on 60 Minutes on a segment that visited “eerie resorts” that have been left scattered around Queensland.
Dunk Island was left in ruins after Cyclone Yasi more than eight years ago. Now, the commercial real estate agent trying to sell the island to the highest bidder is banking on the resort being a renovators delight. #60Mins pic.twitter.com/0Wg24Kxt0H
— 60 Minutes Australia (@60Mins) 7 July 2019
“Mayfair 101 will be working to revitalise the local economy, support upgrades to local infrastructure and create new local jobs,” he added.
Cassowary Coast Major John Kremastos is hopeful that the reboot of the island will bring success to the local tourism industry.
“We welcome this type of investment into our region, which reinforces this Council’s decision to develop a strong local tourism strategy and offer development incentives to drive investment to our region, and in particular, Mission Beach,” Mr Kremastos said.
Dunk Island vision includes plans for budget accommodation and high end Beach Club on mainland .. also want to upgrade local airports to get jets to fly in.. allege $1.6b investment @abcbrisbane @abcnews pic.twitter.com/fMWVLqM2eo
— Lexy Hamilton-Smith (@LexyHS1) 22 September 2019
With significant redevelopment to the island’s resort and upgrades to infrastructure on the mainland, Mayfair 101 have predicted that it would be creating 10,500 jobs over the next 15 years as well as facilitating over $1.6 billion into the region.