Ni­ra­maya un­der way again

Fi­nal stage set to start con­stuc­tion within the next few months, agent says

Port Douglas & Mossman Gazette - - REAL ESTATE -

CON­STRUC­TION on the fi­nal stage of Ni­ra­maya Vil­las at Port Dou­glas could start within months as house and land pack­ages are tipped to hit $1 mil­lion.

The com­plex of pavil­ion-style vil­las, for­merly known as Bale, has ar­guably had a che­quered past af­ter mil­lion­aire property de­vel­oper Brian Ray was killed in a plane crash in 2005.

This was prior to the global fi­nan­cial cri­sis, which also stalled de­vel­op­ment.

Now, the re­sort is largely owned by in­ter­state in­vestors who hol­i­day in Port Dou­glas in the win­ter and rent out their vil­las in the sum­mer.

Exclusive sales agent for the third stage of de­vel­op­ment Caro­line Yarr said 23 sig­na­ture vil­las would be sold ‘‘off the plan’’ from May.

‘‘We’ll fi­nally have some new stock in Port Dou­glas,’’ she said.

‘‘There hasn’t been any­thing (built) since 2007 but we’re back in a ris­ing year now.

‘‘This will be great stock for us for the next cou­ple of years.’’

Ms Yarr said the gated de­vel­op­ment was ideal for ‘‘life­style in­vestors’’.

‘‘Port Dou­glas has al­ways at­tracted well-off people from Vic­to­ria and Syd­ney. ‘‘The rich and fa­mous come here.’’ House and land pack­ages are ex­pected to sell around the $1 mil­lion mark.

There is also ac­cess to an on­site spa, ten­nis court, fit­ness cen­tre, sauna and restau­rant which is pop­u­lar for wed­dings and func­tions.

READY TO START: fi­nal stage of Ni­ra­maya

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