Multi-million dollar price tag for NSW island listed for sale

Posted

February 04, 2016 12:13:40

Privately owned Urunga island offered for sale.
Photo:

Urunga Island offered for sale for $4 million (Brendan Ray)

A privately owned island near the Pacific Ocean entrance to the Bellinger and Kalang rivers is listed for sale for the first time in more than 40 years.

If you look at where it is and what it is and compared to having to fly in your own private jet to the Caribbean to an island, it’s really quite and extraordinary product

The 134-hectare Urunga Island has a $4 million price tag.

The agent marketing the property, Peter Stone, said one family has owned it since the 1970s.

He said it was rare to have an island for sale, but the property was fraught with challenges.

“It has no access, so the owners would have to consider flying in in their own chopper, or maybe buying a hovercraft, or something along those lines,” Mr Stone said.

“It’s got a couple of lean-tos that have been used, and there’s a water tank.

“The council has given it a DA (development approval) for the construction of one residence.”

Mr Stone said the island was undeveloped land, surrounded by the Bellinger and Kalang rivers, which made it prone to flooding.

“It’s a very difficult exercise as far as convincing someone to spend $4 million dollars on an island in the middle of two rivers with no access,” Mr Stone said.

“However, if you look at where it is and what it is — and compared to having to fly in your own private jet to the Caribbean to an island — it’s really quite and extraordinary product.”

Island at the entrance to the Kalang and Bellinger rivers for sale for $4 million
Photo:

Urunga Island at the entrance to the Bellinger and Kalang rivers is up for sale. (Brendan Ray)

Topics:

urban-development-and-planning,

regional,

urunga-2455,

coffs-harbour-2450,

port-macquarie-2444



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