The owners of the one-time home of Club Med are taking advantage of the current demand for Queensland’s tropical islands by offering up Lindeman Island, which comes with 637 hectares of national park area and seven private beaches.

Having owned the island located in the Whitsundays for a decade, China-based White Horse group has decided to sell it with price expectation of more than $20 million.

Lindeman, like some of its neighbouring islands in the archipelago, has been closed since January 2012 after being flattened by Cyclone Yasi. It sits 15 kilometres from the popular Hamilton and Hayman Islands and is a 40-minute boat ride from Airlie Beach on the Queensland mainland.

Queensland’s islands have recently captured the attention of significant investors with Annie Cannon-Brookes, the wife of Atlassian founder and climate crusader Mike Cannon-Brookes, last week paying $24 million for Dunk Island in Far North Queensland.

But amid the sales, there remain many islands that have been closed for years after being battered by bad weather. The Queensland government is hoping the new rush of cash will breathe new life into the resorts as it get ready to showcase the state and its jewel, the Great Barrier Reef, when it hosts the 2032 Summer Olympic Games in Brisbane.

Loading

White Horse paid $12 million for the lease and created a masterplan for a variety of four to six-star accommodation offerings, with 325 villas, suites and apartments, an ecotourism education centre, a conference centre and an array of bars, restaurants and shops.

The local representative of White Horse, Michael Dawn said, it was regrettable to have to sell the island after ten years of ownership.

“White Horse has decided to divest Lindeman Island, despite having successfully completed the Environmental Impact Statement (EIS) component of the redevelopment,” Dawn said.