Bale up for grabs

Port Douglas & Mossman Gazette - - BUSINESS -

THE final stage of the lux­ury re­sort Ni­ra­maya, for­merly known as Bale, is up for auc­tion.

The 2.8ha sub­di­vi­sion is the final stage of the Bale Re­sorts Pty Ltd hold­ings in Port Dou­glas and has been ap­proved for con­struc­tion of 23 vil­las with “mil­lions of dol­lars” of ser­vices al­ready in­stalled.

The in­fra­struc­ture in­cludes satel­lite tele­vi­sion and com­mu­ni­ca­tions, water, sewer, gas and tele­phones.

The de­vel­op­ment stalled be­fore the vil­las were built when project man­ager Brian Ray died in a light- air­plane crash in 2005.

Tony Mcgrath of Tony Mcgrath Real Es­tate has been ap­pointed to sell the prop­erty in a final clear­ance auc­tion but is keep­ing mum on the re­serve price.

“The re­serve price will be very at­trac­tive to a buyer,” he said.

“There have been four par­ties that have expressed in­ter­est and now it’s crunch time and they ei­ther want to buy it or they don’t.

“It’s an out­stand­ing piece of prop­erty and there’s a very good op­por­tu­nity for a buyer.

“Bale Re­sorts are the ven­dor, it’s prob­a­bly their last cou­ple of as­sets and they want to wind up that ac­tiv­ity.”

In­ter­ested par­ties can or­gan­ise an in­spec­tion of the land by ap­point­ment and see the lots ready for con­struc­tion, with an ex­ca­vated lake in the cen­tre.

The auc­tion will be held at the Hil­ton Ho­tel in Cairns on Satur­day, April 14, at 11am. For more in­for­ma­tion or in­quiries con­tact Tony Mcgrath on 0418 772 277 or tony@ theagent­port­dou­

Up for auc­tion: Bale stage 3

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