Ocean Breeze soothes pain of Cane

Port Douglas & Mossman Gazette - - NEWS - SAM SMALL­BONE

TWO Vic­to­rian de­vel­op­ers landed them­selves a bar­gain af­ter pick­ing up Cooya Beach’s Ocean Breeze, for­merly known as Cane Es­tate, for a cool $2.695 mil­lion.

The 22-hectare prop­erty had fallen vic­tim to the global fi­nan­cial cri­sis twice in the past four years af­ter the demise of the Hed­ley prop­erty em­pire.

Mel­bourne-based busi­ness part­ners Pat Kelly and John Chives hope to re­vive it by en­cour­ag­ing more peo­ple to re­lo­cate to Cooya Beach to in­vest.

“Cooya Beach has a trou­bled past but we think it’s a great spot full of po­ten­tial and devel­op­ment op­por­tu­ni­ties,” Mr Chives said.

“There are not that many places where you can live so close to the beach with a ter­rific boat ramp and so close to Port Dou­glas and Moss­man.

“We see the op­por­tu­ni­ties up in North Queens­land as a lot more ex­cit­ing than Mel­bourne as the mar­ket down south is so buoy­ant.

“When you look at the af­ford­abil­ity and the amount of land avail­able it is very ex­cit­ing.

“We know Queens­land is go­ing through some trou­bled times fi­nan­cially, so with a bit of ef­fort and a bit of money it can be im­proved.”

The new own­ers’ first ob­jec­tive is im­prov­ing the land­scap­ing of Cooya Beach Rd, the ex­ist­ing en­trance to the beach­side com­mu­nity, by plant­ing some ma­ture trees.

“The park­land is a sig­nif­i­cant fea­ture and the orig­i­nal plans for land­scap­ing were not fin­ished. We plan to com­plete the land­scap­ing that has been ne­glected in this area and beau­tify the park,” Mr Chives said.

They have also re­cently signed a con­tract with lo­cal builder, NQ Homes, to de­velop a dis­play home to show­case the es­tate’s po­ten­tial.

“The rea­son we are do­ing this is to show we can build a good qual­ity house in Cooya Beach, with the cli­mate in mind, and we can come up with a pretty at­trac­tive pack­age to in­spire peo­ple to live in the re­gion,” he said.

Mr Chives said they are wait­ing for land­scap­ing and build­ing per­mits to be is­sued by Cairns Re­gional Coun­cil.

“Ap­prox­i­mately 186 lots still need to be de­vel­oped, we hope to have the land­scap­ing and the dis­play home com­pleted by June-July this year,” he said.

There are 28 de­vel­oped blocks still for sale out of the 141 lots on of­fer in Stages 1 and 2.

Tony McGrath Real Es­tate agent Grant Law said the sale of the es­tate showed con­fi­dence in the lo­cal real es­tate mar­ket by savvy south­ern de­vel­op­ers.

“John called us to see if there were any bar­gain prop­er­ties in the area and we told him there was a whole es­tate if he wanted it,” he said.

“There was a real neg­a­tive feel about the es­tate when it went into re­ceiver­ship so the new de­vel­op­ers will def­i­nitely en­rich the Cooya Beach sub­urb and at­tract more peo­ple to the re­gion.”

Ocean Breeze es­tate will be of­fi­cially launched next month.

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