Island & Resort Commercial Property

An idylic tropical island — and it could be yours.

The embattled Mayfair 101’s plans to sell or rent out a swag of the properties it bought in Queensland’s Mission Beach have been put in doubt as the senior lender on the portfolio has begun putting them on the market itself.

Fund manager Mayfair 101 has told a court that a liquidation of the business unit that is backing the redevelopment of Dunk Island and Mission Beach into a $1.5bn tourism mecca could result in a fire sale of the assets.

Former Liberal MP and barrister Clem Newton-Brown is hoping to raise up to $1.5m from a crowd-funding campaign to buy more Tasmanian islands, as the COVID-19 experience boosts the popularity of regional accommodation.

Embattled fund manager Mayfair 101 is pitching a plan to turn around the fortunes of its redevelopment of the once iconic Dunk Island and Mission Beach into a $1.5.bn tourism hub.

Some commercial properties stand out from the rest for all the right reasons.

The founder of the collapsed investment house Mayfair 101, James Mawhinney, vows his ambitious plans to redevelop Dunk Island, along with much of the North Queensland’s Mission Beach, will proceed thanks to a new group of investors.

The Bond family, which has seized control of Dunk Island from troubled investment house Mayfair 101, could put it back up for sale as ambitious plans to convert it into a $1.5bn tourism mecca have all but collapsed.

Property and investment house Mayfair 101’s hopes of transforming Dunk Island into a $1.5bn tourism mecca appear to be in tatters, after the Federal Court appointed Grant Thornton as provisional liquidators of key parts of its empire.