Coconut goes under contract
COCONUT Resort at Cape Tribulation has gone under contract and will hopefully settle in early May. The resort was developed into a world class destination when Oceans bought the complex off Voyages in 2006. Like many tourist destinations the resort suffered badly through the global financial crisis, and was closed down in late 2010. The new owner, believed to be from Melbourne, will have to undertake renovations and maintenance on the resort, as it is in poor condition after being left untouched for the past two years.