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Fitzroy Island Resort hits the market for $35 million: ‘Tropical paradise’

The resort is a 45-minute boat ride from Cairns in Far North Queensland.

Fitzroy Island Resort
Fitzroy Island Resort near Cairns has hit the market. (Source: Colliers)

A resort on one of the most unspoilt islands on the Great Barrier Reef has hit the market, and it’s expected to fetch more than $35 million.

Fitzroy Island Resort, near Cairns, covers more than four hectares of the 339-hectare island, the majority of which is national park. The island is located just under 30 kilometres south-east of Cairns, with a boat ride taking 45 minutes.

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The resort has been listed by real estate agency Colliers, who described it as an “unspoilt tropical paradise” and is offering the property via international expressions of interest.

The resort is the only one on the island and it offers more than 100 rooms, as well as a restaurant, resort pool and swim-up pool bar.

Fitzroy Island Resort
The Resort offers more than 100 rooms. (Source: Colliers)
Fitzroy Island Resort
As well as an outdoor pool and swim-up bar. (Source: Colliers)

Colliers described the sale as a “rare opportunity to acquire a profitable business in a highly desirable tourism destination”.

It’s the third time in less than a decade that property developer Doug Gamble has put the resort on the market. Gamble purchased the property in 2010 from receivers and paid $8 million at the time. He has since spent millions upgrading the property.

Fitzroy Island Resort
The Resort is located a 45-minute boat ride from Cairns. (Source: Colliers)
Fitzroy Island Resort
The Resort is expected to fetch $35 million. (Source: Colliers)

Aussies snap up islands

It follows a flurry of interest in Queensland islands over the past two years, with Aussie rich-listers snapping up the properties.

Last year, Atlassian co-founder Mike Cannon-Brookes and wife Annie purchased Dunk Island off Mission Beach for just under $24 million.

Meanwhile, mining magnate Andrew Forrest purchased Lizard Island near Cairns for $42 million, while hospitality mogul Glenn Piper bought Hook Island in the Whitsundays for more than $10 million.

The Elysian Retreat on Long Island in the Whitsundays was snapped up by a Sydney venture capitalist for more than $8 million, while Lindeman Island near Airlie Beach was purchased by a Queensland property developer for a reported $20 million.

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