This article is from the Australian Property Journal archive
VICTOR Island, at the southern end of the Whitsundays and Great Barrier Reef, has been put to the market and “someone will get an absolute bargain” out of the mortgagee sale.
One of the few privately owned, perpetual leasehold islands in the region, the 3.14-hectare Victor Island offers a slew of eco-features, as well as a stylishly furnished four-bedroom, two-bathroom house and a separate caretaker’s cottage.
It’s billed by agencies Ray White Commercial and Ray White Surfers Paradise as offering “the type of luxury lifestyle enjoyed by celebrities and billionaires”.
“This is a once-in-a-lifetime opportunity to purchase an island property for an incredibly reasonable price,” said Ray White Commercial’s Michael Willems.
“Unfortunately for the owner, it is a mortgagee sale and someone will get an absolute bargain.”
Victor Island had been put to the market through other agencies late last year with a price tag of $2.75 million. Sydney-based syndicate Kingdom Developments bought Victor Island for $3.6 million two years ago, but was unable to make repayments and is now in liquidation.
Andrew Bell of Ray White Surfers Paradise said, “We all dream of escaping the everyday and this island is the perfect place to do so, whether for weekends, regular holidays or as a permanent residence”.
Victor Island is Adjacent to an extended coral reef that provides a natural marina to moor vessels both large and small, and those who value lifestyle opportunities will be able to scuba dive within the pristine waters over the reef from the island.
By sea, Victor Island is a 20-minute boat ride from Hay Point Marina or 10 minutes by helicopter from the Mackay Airport., Victor Island is located just under 2km from the mainland and directly opposite Salonika Beach.
The island also offers rainwater storage of 224 litres, a desalination plant and a solar farm with a backup generator.
Victor Island will go to auction at Gold Coast Turf Club in Bundall on 11th April.
Also off Mackay, eight hectares of the private 50-hectare Temple Island has been shopped around with a price guide of $1.75 million.
The 6.07-hectare, uber-sustainable Pumpkin Island – once traded in a poker game – was listed for sale last year for only the second time in 62 years with hopes of $20 million, and remains on the market.
Neighbouring Wedge Island has also been offered for sale. The nine-hectare island, known as a party island with a renovated shed that can accommodate eight, last sold five years ago for less than $500,000.
