World class $350M Whitsunday resort to feature hotel and marina
A group of businessmen from Adelaide have plans for a $350 million resort development in Whitsunday’s Shute Harbour.
Their aim is to transform the area into the world class Shute Harbour Marina Resort, that will feature a new resort hotel and residential precinct with restaurants and retail outlets and a 395-berth marina.
The resort will comprise of 58 managed resort dwellings, each with their own private marina berths of 25m-35m, as well as a managed apartment block with 100 units and a hotel with over 100 rooms.
However, funding for the project is yet to be secured and will not be sought until a certain amount of off the plan dwellings were sold.
“We have completed a comprehensive development, construction and pricing schedule to undertake the first stage of the marina and the reclamation of the land,” one of the scheme’s proponents, chartered accountant Sam Wade, said.
“We are undertaking the first stage utilising the services of East Coast Civil, which is one of our consortium partners, and we have priced in rising costs based on what we need for stage one.
“East Coast Civil is ready to begin with its teams once we have met the pre-sales targets that we are confident of achieving based on recent inquiry. We envisage that it will be two to three years before the first homes are built and we expect there should be a rectification of construction costs in that time frame.”
The project, which also includes a multi-use marina on a 28ha waterfront site and a commercial hub with new retail and commercial outlets for the waterfront development.
Interested parties can purchase land and berth lots from $1.75 million, which includes the provision of the marina berth. However, the purchaser must bear the cost of dwelling construction, which is expected to begin in 12 months.
Irit Jackson, 2nd May 2022
