Experienced developer Core Asset Development Pty. Ltd (CAD) has acquired a prized parcel of 10,300 square meters of beachfront property located in North Batemans Bay (Australia) for residential and eco-tourism development.
According to a report, CAD plans to create a glamping operation, restaurants, and bars, among others.
The property, located at 2A Myamba Parade at Surfside, fronts between two beaches and has been granted development approval for CAD to develop a five-star eco-tourism resort, with construction estimated to be AU$30 million.
Mark Toma, a director of CAD, said that they are very excited about the unique opportunity to put Batemans Map on the five-star tourism map with a top-quality hotel, function center, and luxury accommodation.
“We are especially keen to create a glamping operation as the position is perfect for couples and families to enjoy a pristine, private setting on two beaches with boardwalks and nature trails in the area,” Toma added.
CAD plans to name the resort The Sapphire Batemans and will begin construction around the middle of the year.
“Both our projects will give the South Coast a much needed, private sector shot in the arm, generating jobs and economic growth to the area through tourism,” Toma ended.
