An undeveloped island off the east coast, with the potential for residential or commercial upsides, has come onto the market.
The 34-acre island in Graham Creek at the north end of Gladstone Harbour is as yet unnamed and is being touted as an “affordable” option for property/land investors and island collectors.
Marketing agent Anthony Williams said the island on offer was “more palatable” than other islands currently on the market, because it had unlimited potential at an affordable price.
The island’s untapped potential presents the “opportunity for the new owner to build to meet their needs, which, given the zoning, may be a large residence built on a peak that’s around 35 metres above sea level”, RE/MAX said.
“The property is prime real estate for an ultimate personal getaway, a company retreat location or private reserve and it’s just waiting for a name and to fulfil someone’s dream,” said Mr Williams.
“It’s not surprising that we’ve had interest from buyers keen to develop fishing lodges or similar ventures. In fact, the seller, a US-based company, purchased the island in the 90s for the purpose of building a company getaway.”
Mr Williams said the island, which is protected from any prevailing south-easterlies, is one of the best fishing spots on the east coast of Australia.
The island can be accessed via a 30-40-minute harbour boat ride from the Gladstone Yacht Club.
Formal offers to purchase can be submitted until 14 October.