THE headland at Buchans Level at Palm Cove in Cairns has hit the market after being held for 30 years by the Ho household of Singapore.
Expressions of curiosity within the $20m vary are hunted for the 6.73ha parcel of land being marketed by Forbes World Properties Australia Pacific director Robert Fletcher.
Port Douglas architect Gary Hunt is adviser on the undertaking.
Mr Fletcher mentioned the Ho household was lowering its Australian property portfolio, which has included procuring centres and resorts in Sydney, Brisbane’s Hilton Lodge and the Shangri-la Vacation Residences on the Gold Coast.
“Lately the household has been lowering its Australian belongings as they consolidate and broaden in Asia – this Palm Cove property is without doubt one of the final they maintain within the nation – because it was the property that held probably the most emotional enchantment,” Mr Fletcher mentioned.
A 6.73ha parcel of beachfront land at Buchans Level, simply north of the Palm Cove Jetty is available on the market with Forbes World Properties looking for expressions of curiosity from $20m. Image: equipped.
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“It’s a uncommon alternative to accumulate one of many final remaining absolute beachfront websites alongside the east coast of Queensland – it’s a sizeable holding.
“It involves the market as one thing of a hen’s tooth, having gone by an exhaustive utility course of that secured three approvals to develop both as a luxurious resort, a multi-unit improvement or a residential subdivision,” HE SAID.
He mentioned it was now being supplied as a trophy residential web site in response to a pointy uptick in need and demand for escapism and way of life property within the wake of the pandemic.
“With the form of approvals which are in place, there would appear few limitations to somebody pursuing a reasonably thrilling personal imaginative and prescient – as a single residence or household or firm compound.”
Mr Fletcher mentioned the Ho household had owned it since 1993.
They beforehand owned Novotel at Palm Cove and bought the headland throughout a go to there.
Mr Fletcher mentioned the dimensions of the event approval for the positioning might embody the choice to include a helipad.
“At a time in our lives when the will to flee and shelter holds extra worth than ever earlier than, it’s a chance to have and to carry an exquisite and valuable Australian asset with the scope and scale to create a really world class getaway,” Mr Fletcher mentioned.
