Sheraton Mirage on the block
BRISBANE – – One of Australia’s best-known luxury resorts and development parcels, the Sheraton Mirage Resort Port Douglas, is to be offered for sale through Jones Lang LaSalle Hotels.
Surrounded by 1.75 ha of swimmable saltwater lagoons, the Mirage is the pre-eminent resort in Tropical North Queensland, commanding a beachfront position on Four Mile Beach, and occupying approximately 109ha of tropical landscaped gardens and an 18-hole golf course.
The resort component comprises 294 guest rooms, management rights over 90 privately owned luxury villas, three restaurants, the Daintree Lounge, a Kids Club and the Mirage Country Club (part of the 18 hole golf course).
“One of the key attributes of the property is the surplus development land on offer which includes a 15.77ha parcel of land which has been earmarked for the future development of 76 residential allotments, some of which will front Four Mile Beach,†said Wayne Bunz, senior vice president, Jones Lang LaSalle Hotels,
“The back nine holes of the golf course also offer excellent development potential including a 25.6ha parcel of land which has the potential for approximately 80 residential allotments, most of which will benefit from views up the golf course fairways.â€
Craig Collins, managing director Australasia, Jones Lang LaSalle Hotels said, “With the property long being recognised as one of Tropical North Queensland’s premier resorts, an opportunity now exists to acquire this asset at a fraction of its replacement cost.
“Strong capital growth opportunities can be achieved by undertaking a refurbishment and then repositioning the existing resort facilities, as well as developing the extensive adjoining vacant land.â€
The resort is currently managed by Starwood Hotels and Resorts Worldwide.
Sheraton Mirage Resort, Port Douglas and its adjoining development land is being offered for sale via an Expressions of Interest campaign closing midday Thursday September 25, 2008 (if not sold prior).
For further information, please contact the exclusive agents Wayne Bunz on +61 7 3231 1416 or Craig Collins on +61 2 9220 8794.
Ian Jarrett
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