Tropical island paradise near the Great Barrier Reef sells for $20M

Not bad if you can afford it! Tropical island paradise near the Great Barrier Reef hits the market for $20MILLION – and it comes with its own airstrip

  •  A tropical island situated near the Great Barrier Reef is on the market
  • Former Rich Lister Peter Bond, is hoping to sell Dunk Island for $20 million
  • The island is being marketed as an alternative to hot spot Hamilton Island 

A tropical island situated near the Great Barrier Reef is on the market.

The current owner, former Rich Lister Peter Bond, is hoping to sell Dunk Island, off Mission Beach, for about $20 million.

The 147-hectare space boasts a Qantas-built airstrip and was once an internationally renowned destination resort.

A tropical island situated near the Great Barrier Reef is on the market (pictured)

The island is being marketed as a ‘Qualia-type’ location, referring to popular Australian holiday hotspot Hamilton Island

But it was ravished by Cyclone Larry in 2006 and later Cyclone Yasi in 2011, and by late 2011 Mr Bond had snapped up the island for a cool $7.5 million.

He said his initial hope was to repair and refurbish the resort, the Australian Financial Review reported. 

The Linc Energy founder spent a further $5 million cleaning up the island and adding extra features, including a new jetty.

But he never reopened the resort, and any potential buyers with the desire to open it again would have further work to do before it would be in a state to operate.

‘Whilst we have spent a considerable amount of money already, we recognise that a new owner is best placed to rejuvenate the resort and unlock the island’s true potential,’ Adam Bond, who oversees the family’s island investment, said. 

At the peak of his personal wealth in 2013, Mr Bond was worth an estimated $450 million.

A year later, he made the Rich List again with a net worth of approximately $280 million, but disappeared from the list by 2015.

By 2016, Linc Energy was in liquidation and owed close to $230 million.  

Insiders told the publication the Bond family ‘need to sell’ the island.

The island is being marketed as a ‘Qualia-type’ location, referring to popular Australian holiday hot spot Hamilton Island.

Expressions of interest in the purchase of the island close on June 7. 

The Linc Energy founder spent a further $5 million cleaning up the island and adding extra features, including a new jetty

The 147 hectare space boasts a Qantas-built airstrip and was once an internationally renowned destination resort

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