Ocean Breeze soothes pain of Cane
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.