Daydream Island owner China Capital Investment Group has snapped up South Molle island in the Whitsundays in the heart of the Great Barrier Reef for about $25 million.
The perpetual leasehold for the tropical island was put up for sale by long-time owner and tourism identity Craig Ross in April after he received a number of unsolicited approaches from investors and developers.
Up for sale was 12 hectares of developable beachfront land, including a frontage of more than 600 metres to one of the only sheltered north-facing white sand beaches in the region and a secluded 15-hectare parcel in the middle of the island, surrounded by national park.
It also came with an existing 188-room resort and amenities.
“It’s been a joy to share South Molle. It’s a wonderful island. It’s been an amazing 15 years. I wish the new owners all the best,” Mr Ross told the Australian Financial Review.
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