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Now, own a private island for $ 500,000

News18

First published: August 3, 2010, 12:22 PM IST | Updated: August 3, 2010
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Now, own a private island for $ 500,000
The picturesque Picnic Island off the coast of Tasmania, southeastern state of Australia, is on sale and is expected to fetch between $ 500,000 and $ 1 million.

Sydney: The picturesque Picnic Island off the coast of Tasmania, southeastern state of Australia, is on sale and is expected to fetch between $ 500,000 and $ 1 million.

It's true! Now you can own an island complete with penguins and other sea birds as your neighbours.

Bidding is open through expression of interest sought by a Queensland property developer who bought the island for $ 65,000 in 2005, The Sydney Morning Herald reported Tuesday.

The island's rugged sandstone rocks accommodate a large colony of little penguins and a nesting ground for short-tailed shearwaters. There are abalone, oysters and mussels, too.

The idyllic island - nestled in the shadow of Freycinet National Park's Hazard Range in the middle of the crystal blue waters of Coles Bay - has permits for a 10-person eco-lodge.

"You can't really value it as a normal block of land because it's so unique," said Paul Whytcross, from Roberts Real Estate in Coles Bay.

"If someone came along with a plan for a long-term lease to develop the eco-tourism side of things, that would be an option," Whytcross said.

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