Rare opportunity for developers and investors to stake claim on strengthening leisure market in tropical North Queensland
Development approved 2.067 hectare site in Port Douglas has come on the market, earmarked for a world class 5 star resort comprising 253 rooms and associated facilities.
The region is currently experiencing very solid growth off the back of movements in the Australian dollar and an increased interest from new and emerging markets, particularly China.
Neil Scanlan and Stacey Quaid of Colliers International are marketing the site via expressions of interest campaign on behalf of Oakstand Fund No 7 Pty Ltd. The site will accommodate the landmark approved scheme, neighbouring the world class Sheraton Mirage Port Douglas, Mirage Country Club and the award-winning QT Resort.
Mr Scanlan, National Director of Hotel Transactions at Colliers International said there have been very few resort development opportunities undertaken in tropical North Queensland in the last decade. “This is a chance for developers and investors to stake their claim on a site of significant size and scope in this strengthening leisure market.”
According to Mr Quaid, Managing Director of Colliers International in Cairns, Port Douglas is at the forefront of a significant re-emergence of the international and domestic tourism markets. “This is evident by Fullshare Group’s recent announcement of their $200 million plan to upgrade the world renowned Sheraton Mirage Resort, as well as significant refurbishments of a number of resorts and accommodation properties in the region.
“Port Douglas has long been famed for its star attraction with a mix of world dignitaries, movie stars as well as reclusive moguls often seeking to relax in this tropical hideaway. World renowned for its natural beauty as well as easy access the World Heritage Listed Daintree rainforest and Great Barrier Reef, there are few destinations in Australia that have such appeal,” said Mr Quaid.
The development site is located 2.5 kilometres south of the retail heart of Port Douglas at 71-85 Port Douglas Road. The proposed resort has planning approval for six 3 storey buildings arranged with an enclosed courtyard, 136 basement car parking spaces, business centre, conference facilities, day spa, swimming pools, gym and food and beverage facilities (restaurant, lounge, bar, café and room service.