For Sale by Expressions of Interest closing Wednesday 13th April 2016 at 12pm (AEST)

– Part-constructed tourist resort
– Approved for 198 tourist units
– Excellent beachfront position
– Substantial land area of 4.13ha*
– Established tourist destination
– Close proximity to local amenities
– Could also suit alternate uses (STCA)

*Approximate. Source: RP Data

Under instructions from Grant Thornton as ‘Receivers and Managers’

A previous campaign for the sale of the property was commenced in October 2014. The sale was successfully progressed up to contract execution stage. Unfortunately, the financier was not willing to release their security over the property to conclude the sale. The financier has since been placed into liquidation and the liquidator has given instructions to recommence the sale campaign. Therefore, subject to acceptable terms being agreed with the vendor, there are no impediments to the sale of the property being completed.

Property Code: 115