• Mayfair 101

Dunk Island Spit Set to Become Drawcard for Mission Beach

Updated: Apr 8, 2020

The new owner of Dunk Island Resort, Mayfair 101, has today confirmed it has been awarded the tender for the Dunk Island Spit. This marks the first major milestone since Mayfair 101 confirmed its purchase of the iconic Queensland island in September 2019.

Awarded by the Cassowary Coast Regional Council, Mayfair 101’s successful bid for the Dunk Island Spit 30-year lease is part of a $1.6 billion planned investment in the region to reclaim its position as the premier tourism destination in Far North Queensland.

Speaking on the winning bid, Stuart Duplock, CEO of Mayfair Iconic Properties who is overseeing the re-development of the region, said, “The Dunk Island Spit is a major drawcard for the Mission Beach region and a key gateway for tourists and Cassowary Coast residents to arrive on the island. We see this as a high priority focal point for the broader development. Mayfair 101’s successful bid will enable us to integrate this important section of Dunk Island in our broader plans and provide consistent access to infrastructure and utilities so that the public can enjoy this truly iconic part of the island.”

Improving accessibility and infrastructure to Dunk Island is a key priority for Mayfair 101, of which the Spit will play a central role. “We are considering introducing a permanent ferry service, supported by integrated walkways to open up points of interest, including cultural and heritage walks.

“The Spit is key to activating Dunk Island and the broader Mission Beach region. We will ensure its rejuvenation is aligned with our vision to make Dunk Island the most sought-after island destination in Asia Pacific. This means we need to incorporate world-class architecture and public facilities to host a wide range of must-see visitor activities that leverage the natural beauty of Dunk Island, Mission Beach and the Great Barrier Reef.

Increased tourism and employment opportunities will also create a strong case for both public and private sector investment into the region’s wider infrastructure, including airport and road upgrades, but also expanding into the likes of improved health care or education facilities.

“Supporting the local community is at the forefront of our thinking. The residents and business owners of Mission Beach will benefit hugely from the regeneration of the Dunk Island and the Dunk Island Spit. There will be considerable employment opportunities across construction, hospitality and operational activities, to name just a few.”

Whilst Mayfair 101 is likely to make a series of further announcements regarding its detailed plans for the Spit; in the short-term Mayfair Iconic Properties are encouraging residents, local business owners and interested parties beyond to show their support for the initiative through submitting possible commercial enterprise proposals for the Spit directly.

Please visit www.mayfairiconic.com for more information.

For media enquiries, please contact:

Icon Agency

Email: mayfair101@iconagency.com.au

Phone: +61 3 9642 4107

Ask for Sophia Pellatt or Alex Tanner.

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This website is published by Online Investments Pty Ltd (t/a ‘Mayfair 101’) (ABN 981 34 785 890, AFSL Auth. Rep. No. 001 274 568 of Quattro Capital Group Pty Ltd (ABN 88 128 914 965, AFSL 334653)). It is provided by way of general information only, is subject to change, and may not be relied upon by any person. Mayfair 101 is an Australia-based provider of investment and corporate advisory services, including funds management, asset management, capital raising, corporate advisory, mergers and acquisitions advisory, and direct investment, either directly or through members of its corporate group. Mayfair 101’s authority under its appointment by Quattro Capital Group Pty Ltd under the Corporations Act 2001 (Cth) is limited to the provision of financial services to wholesale clients in Australia only, including general (not personal) financial product advice relating to deposit products, foreign exchange contracts, derivatives, interests in managed investment schemes and securities. Mayfair 101 and the members of its corporate group may have a beneficial interest in the financial services and products of that group. Mayfair 101 provides advice in relation to financial products of its corporate group only, and terms, conditions and risks apply in respect of such financial products. Such financial products are not a comprehensive range of all possible investment products, are not bank deposits and (like most investments) may be subject to greater risk of capital loss and negative returns than traditional investment products. Prospective investors are strongly encouraged to seek independent professional legal, financial, accounting, taxation and valuation advice before deciding whether they consider any financial products to be suitable for them, and to request any relevant disclosure documents (such as Product Disclosure Statements and/or Information Memoranda) to ensure that they are fully informed before making any investment decision. Past performance should not be relied on as an indicator of future performance. The financial products offered by Mayfair 101 and its corporate group are available to wholesale clients resident in Australia only. Mayfair 101 does not accept investment from retail clients, non-wholesale clients or residents of countries other than Australia. Mayfair 101 and the members of its corporate group are not deposit-taking institutions in Australia or elsewhere and are not authorised to conduct banking activities under the Banking Act 1959 (Cth).

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