PROPERTY OF THE WEEK
- ADDRESS: De Mole Estate
- PRICE: From $10 million
- SIZE: 2,398ha
- AGENT: CBRE
- PHONE: Hamish Brown on 0417 846 687 or Phil Schell on 0418 809 849
A spectacular 2,398 hectare estate that has long been used in SA tourism campaigns to promote the natural beauty of Kangaroo Island to the rest of the world is to be sold.
Featuring 3.7km of untouched private coastline, including sandy beaches and rugged cliffs overlooking the ocean, De Mole Estate in the secluded north-west corner of Kangaroo Island has been put on the market for the first time in 49 years.
Comprising 61 Certificates of Title, the coveted estate represents a prime development opportunity for international corporate investors or high net worth individuals seeking to capitalise on the global tourism appeal of Kangaroo Island, which earlier this year was ranked in the world’s top three travel destinations by Lonely Planet.
The picturesque estate was purchased by renowned SA pastoralist Lloyd Wilkinson, from the state’s prominent Bonython family in 1968, and has remained in the Wilkinson family ever since, including following Mr Wilkinson’s death 10 years ago.
Wilkinson family spokesperson Hamish Brown said the estate is a truly unique offering.
“We believe De Mole Estate is now the largest privately-owned coastal landholding on the market anywhere in Australia,” said Mr Brown.
“And while the entire property spans almost 6,000 acres, it is still perfectly tucked away in a beautiful corner of Kangaroo Island, which really does make it a hideaway within a hideaway that our family has been privileged to enjoy for the past five decades.”
Selling agent Phil Schell from CBRE said the estate is a rare opportunity that will attract widespread interest from across Australia and internationally.
“For such a vast landholding, De Mole Estate remains nestled away in a stunning pocket of Kangaroo Island, which is now widely recognised as one of the most idyllic tourism destinations on the planet,” he said.
“In addition to the size and seclusion of the estate, buyers will be amazed by its private beaches, magnificent cliffs and natural landscapes, as well as the abundant wildlife including kangaroos, wallabies, koalas and wombats through to the whales and dolphins that regularly pass by the coast. It’s also an outstanding spot for fishing, diving and snorkelling.
“When you consider that access to Kangaroo Island is becoming increasingly easier with an upgraded airport, the commencement of direct flights from Adelaide and Melbourne, as well as access via the SeaLink ferry from Cape Jervis, the estate really does represent an exceptional opportunity for an individual or a hotel, resort or eco-tourism operator to secure a genuinely breathtaking slice of Australia.”
De Mole Estate is being sold via expressions of interest, which will close on November 30. The property is expected to attract offers in excess of $10 million.