Co­ral Gar­dens to be carved up at auc­tion

Port Douglas & Mossman Gazette - - NEWS - RICHARD KOSER

THE Co­ral Gar­dens devel­op­ment site at Craiglie will go un­der the ham­mer next month.

The New Zealand-based de­vel­op­ers are un­der­stood to have grown frus­trated with their in­abil­ity to squeeze a devel­op­ment ap­pli­ca­tion out of coun­cil, and have de­cided to sell.

The 34ha block will be of­fered as “one or three”, giv­ing buy­ers the choice of tak­ing on ei­ther the en­tire site, or split­ting it into three 10-12ha lots.

The en­tire 34ha site has been on the mar­ket for a year, but this is the first time it has been of­fered split into three blocks. All three blocks are zoned Res­i­den­tial 1.

Plans for the site have in­cluded a high-den­sity fam­ily re­sort and, later, a $250 mil­lion lux­ury re­sort.

The Dou­glas Shire Coun­cil ap­proved the devel­op­ment of Co­ral Gar­dens on sev­eral oc­ca­sions. The first devel­op­ment ap­proval was over­turned by the Cairns Plan­ning and Envi- ron­ment Court.

The sec­ond ap­proval, for the lux­ury Volante re­sort, lapsed last year.

Jay Beat­tie, the agent han­dling the auc­tion, said the block was not sub­ject to the same flood­ing con­cerns which af­fected the nearby Port Pa­cific Es­tate.

“There’s been ex­ten­sive work car­ried out,” he said.

“There have been some very ex­ten­sive flood sur­veys, flood mod­el­ling done.

“One of the three lots is mi­norly af­fected.”

The de­vel­op­ers, Co­ral Gar­dens Ven­tures, have lodged a devel­op­ment ap­pli­ca­tion to sub-di­vide one of the lots into 600sq m house-blocks.

Sev­eral houses at the neigh­bour­ing Port Pa­cific es­tate were flooded in March 2008, bring­ing work on the es­tate to a halt while coun­cil and the de­vel­op­ers worked on a flood mit­i­ga­tion plan.

The auc­tion will take place at the Sebel Ho­tel Cairns at 11am on Thurs­day, Septem­ber 9.

For more in­for­ma­tion, con­tact Jay Beat­tie on 4031 3443.

Up for grabs: the three parcels of land up for auc­tion

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