A chance to buy a dream

Daydream Island offered for sale, unique opportunity to own a piece of paradise

​Brisbane, 8 October 2014 – One of Australia’s most awarded resorts, Daydream Island, is for sale through an International Expressions of Interest campaign. It’s a unique opportunity to create a dream destination in the World Heritage listed Great Barrier Reef – and as it’s offered with vacant possession and exclusive island ownership, the possibilities are endless.

Wayne Bunz, Senior Director of CBRE Hotels, and Dan White of Ray White and White and Partners have been appointed to sell the Island, with the campaign expected to attract significant buyer interest.

“This iconic island, perfectly positioned in the prestigious Whitsundays, has a true value far above the current market rate,” Bunz notes. “The owner is reluctantly parting with it due to ill health – he is now motivated to sell, and is realistic on current pricing levels. And unlike many other islands in this prime tourist region, Daydream Island has been continually maintained and remains profitable. The current infrastructure is of premium quality, so there is no immediate major capital expenditure required to keep it operational.”

The 4.5 star Daydream Island Resort and Spa includes 296 rooms, extensive conferencing and recreational facilities, including five conference rooms, nine food and beverage outlets and three lagoon style pools. It also boasts a private marina, two helipads, a wedding chapel, the luxurious waterfront private owner’s residence, 74 staff lodging rooms and the world’s largest living reef lagoon.

Daydream Island is popular with both domestic and international tourists, including the growing Chinese market.

“This is a big opportunity – and it comes with a big advantage, being just four kilometres off the Queensland coast with mains water and power connections,” says Bunz. This allows for considerably lower operating costs compared to other island resorts, and also makes it one of the most accessible islands in the region – just 35 minutes by boat from Hamilton Island airport and 25 minutes from Port of Airlie, close to Proserpine Airport.

The Resort has an average yearly turnover of circa $27 million, and in 2010 the replacement value of the Island was estimated at over $157 million.

“This is an outstanding opportunity for a buyer to acquire the island substantially below replacement cost,” White comments. “The island has significant development potential – you could refurbish, rebrand, reposition or redevelop other parts of the island in line with other nearby ultra-premium offers such as qualia on Hamilton Island, and One&Only, Hayman Island.”

With its close proximity to these highly successful Whitsundays resorts, Daydream Island is a part of a reputable network and is a destination of choice.

Bunz indicated the campaign is expected to attract strong enquiries from Asian buyers –particularly from South East Asia and China. “We’ve seen a number of Australian hotel transactions involving offshore investors from Asia recently - they are looking to enter the highly viable Australian hotel market and capitalise on its potential for further growth” says Bunz.

The owner, Vaughan Bullivant, describes the island as “the most beautiful in the Whitsundays,” and says he has always found it irresistible. “I believe someone with vision can take the island to its next stage and realise its true potential.”

Given its unrivalled location and attractive financial position, this unique opportunity is not expected to last long.

The International Expressions of Interest campaign closes November 6th at 12.00pm AEST.

About CBRE Group, Inc.

CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2013 revenue).  The Company has approximately 44,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through approximately 350 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.