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Kangaroo Island estate to sell for $10 million

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Kangaroo Island’s De Mole Estate, featured in South Australian tourism campaigns, is for sale.

The Australian Financial Review reports that De Mole Estate is going for approximately $10 million and is being sold for the first time in 29 years.

 

The estate is 2398 hectares and located in the north-west corner of the island. It includes private beaches, cliffs, and a number of local wildlife. It is being sold by the family of Lloyd Wilkinson, a famous SA pastoralist and investor who passed away a decade ago.

 

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“We believe De Mole Estate is now the largest privately owned coastal landholding on the market anywhere in Australia,” Wilkinson family spokesman Hamish Brown told The Australian Financial Review.

Phil Schell of CBRE, who is selling the estate along with two colleagues, said that Kangaroo Island is becoming increasingly accessible thanks to an upgraded airport and the SeaLink ferry.

“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,” he added.

It may be even cheaper and easier to get to Kangaroo Island soon. An SA family company called Kangaroo Island Connect plans to start operating from December.

News Corp reports that Kangaroo Island Connect will use a $1.6 million catamaran to carry up to 95 passengers between Penneshaw and Cape Jervis, slashing ticket prices and travel times. Ferrying up to 800 people a day, the company will pose a serious challenge to SeaLink, which is currently the sole operator.

“I have been trying to get this done for 17½ years … Kangaroo Island just has so much going for it but it has got totally strangled,” Port Adelaide-based managing director, David Harris, said.