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Press Release

100m Waterfront Qld Island Asset Sale Confirmed by HTL Property

HTL Property is pleased to report the sale of McLarens Landing, a purpose built eco tourism facility
prominently situated upon an island location at the doorstep of both the Gold Coast and Brisbane.

The sale of the unique tourism opportunity, exclusively managed by Directors Glenn Price and Brent McCarthy of HTL Property’s Brisbane office, drew international interest from a range of investors following an EOI process.

“The total land area of the asset sold accommodates 11,782sqm* including 2 seabed leases on South
Stradbroke Island, which is an 1800 hectare* conservation park and features 22km’s * of pristine white surf beach” advised HTL Property Director, Glenn Price.

“Assets such as this one, located only 20km* by water North of Southport Marina and with a 108.5m* frontage to the high water mark, are quite obviously so uncommon they are in many respects irreplaceable” added HTL Property Director, Brent McCarthy.

The successful acquirer is an operating group which brings considerable expertise, experience and the capability to improve the offering and its broadscale awareness in this much loved part of Queensland’s natural coastal infrastructure.

HTL Property’s Glenn Price and Brent McCarthy successfully sold the asset on behalf of Receivers & Managers Appointed (Bentleys).

“As a company we’re actively working with clients to unlock value and opportunity in all market conditions, and look forward to reporting further successfully concluded transactions in the weeks ahead as market leaders manoeuvre themselves to ensure participation” concluded HTL Property Asia Pacific Director, Andrew Jolliffe.

End.
*Approx.

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