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A London-based investment firm to convert a cyclone-raved island into Australia’s next tourism mecca

Idyllic Australian island sells for $32million as investor snaps up forgotten resort after it was ravaged by cyclones

  • Mayfair 101 has announced plans to turn a cyclone-ravaged resort island into Australia’s next tourism mecca
  • It will invest $1.6billion in Queensland’s Dunk Island, which was virtually wiped out by Cyclone Yasi in 2011 
  • Mayfair 101 firm has plans to purchase part of adjacent mainland Mission Beach in Cassowary Coast Region

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A London-based investment group  has announced plans to turn a cyclone-ravaged resort island into Australia’s next tourism mecca after buying it for $32million. 

Investment company Mayfair 101 said it will invest $1.6billion in Queensland’s Dunk Island, which was virtually wiped out by Cyclone Yasi in 2011.

The tropical getaway has since been lying dormant. 

Investment company Mayfair 101 said it will invest $1.6billion in Queensland’s Dunk Island (stock), which was virtually wiped out by Cyclone Yasi in 2011 

The tropical getaway has since been lying dormant (stock)

The tropical getaway has since been lying dormant (stock)

Mayfair 101, says it has plans to purchase part of adjacent mainland Mission Beach in the Cassowary Coast Region at a combined price of $180 million.

‘Our vision is to restore Dunk Island as the jewel in the crown of far north Queensland and make the Mission Beach region the Tourist Mecca of Australia,’ an announcement read. 

Mayfair 101 founder and director James Mawhinney said they have plans to build three resorts on Dunk Island and one on the mainland.

There will be a golf course and a nearby air-strip will renovated to become an international airport with direct flights to the tropical island, Courier Mail reported.  

‘We plan to offer a broad range of tourism offerings, ranging from camping and caravan sites, through mid-tier family accommodation, all the way up to the ultra-luxury,’ Mr Mawhinney said.

‘Located between two World Heritage areas, our vision is to create a tourism mecca with Dunk Island becoming one of the most sought-after island destinations in the Asia-Pacific region.

Myfair 101 said it will be investing $1.6billion over the next 15 years, creating more than 3,000 jobs. 

Mayfair 101 founder and director James Mawhinney said they have plans to build three resorts on Dunk Island and one on the mainland (stock)

There will be a golf course and a nearby air-strip will renovated to become an international airport with direct flights to the tropical island (stock)

There will be a golf course and a nearby air-strip will renovated to become an international airport with direct flights to the tropical island (stock)

Read more at DailyMail.co.uk


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