ANOTHER island in the Great Barrier Reef is for sale.
The Australian Financial Review reports Keswick Island, 34km north-east of Mackay is for sale.
The review reports the island is owned by Edward Dawson-Damer, a former equerry to Queen Elizabeth and a family friend to the royal family.
In 2008 the Daily Mercury reported Keswick Developments, which bought 530 hectares of paradise from Keswick Island Pty Ltd, finalised the off-market deal after six months of negotiations.
Scott Munro, of Keswick Developments, said at the time all developments on the island, nestled 34km north-east of Mackay and a long time in limbo in terms of its potential, would directly or indirectly have a tourism value.
He said developments would include villas, condominiums, cafes and shops as well as a deep-water jetty and improved barge ramps.
Mr Munro refused to disclose the amount the consortium paid for the property, but last year the Daily Mercury ran an article stating the island had been put on the market for $30 million.
"It (the development of the island) will enhance Mackay's tourism potential and we're going to engage local politicians to see how we can best do that," Mr Munro said.
Meanwhile Whitsundays' South Molle Island is on the market and international and Australian buyers are expected to be interested.
The 4.66 square km island is home to a 200-room resort and national park.
JLL Hotels & Hospitality Group's Peter Harper and Tate Stubbs, based in Sydney, are managing the island's sale.
"The ability to acquire the perpetual leasehold interest in South Molle Island presents an incredible opportunity to secure one of the last large-scale island development opportunities in the Great Barrier Reef," Mr Harper said.
"It's certainly the premium sale offering in this part of the world at present and we expect global investors and developers to act accordingly."
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