South Stradbroke resort party island linked to Jason Nicholls hits the market after receiver action
The leasehold to the McLaren’s Landing resort on South Stradbroke Island has come to the market after receivers were appointed to a company linked to controversial businessman Jason Nicholls.
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The leasehold to the McLaren’s Landing resort on South Stradbroke Island has come to the market after receivers were appointed to a company linked to controversial businessman Jason Nicholls.
HTL Property’s Glenn Price and Brent McCarthy are marketing the 1.17ha property on behalf of receivers and managers Tracy Knight and Damien Lau of Bentleys in Brisbane,
The latter pair were appointed in March this year at the behest of mortgagee Commonwealth Bank to Tall Ship Sailing Cruises Australia Pty Ltd, which held the leasehold to McLaren’s Landing.
The sole director of the company is Jason Nicholls, who is currently facing fraud charges in the Southport Magistrates Court for allegedly using thousands of dollars of deposits from Christmas parties to fund a gambling habit. Mr Nicholls operated a boat and tour operation to McLaren’s Landing.
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According to documents filed with ASIC by the receivers to Tall Ship Sailing Cruises, Commonwealth Bank has the mortgage on two leasehold lots of 4877sq m and 6880sq m on the island and two seabed leases of 19sq m and 6sq m.
The property is Crown Land offered for tourism purposes on a rolling term basis expiring in 2040. The lots can be sold separately or in one line.
The day resort’s features include a jetty, bar, seating area and entertainment facilities for functions.
A liquor licence is being offered with the sale, although that has been suspended.
Licenced hours are from 10am to 12am Monday to Sunday.
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Mr Nicholls faces charges relating to Christmas parties late last year and early this year where Mr Nicholls allegedly promised and failed to deliver transport, food, alcohol and entertainment to companies.
Companies allegedly affected include Lloyds Auctioneers, Oracle Building Corporation, Kintetsu International Express and ID Event Australia.
Last month a wind up order was issued for another business linked to Mr Nicholls, McLarens Island Pty Ltd. Mr Nicholls is also the sole director of that company.
The order was brought forward after an application by WorkCover Queensland, which is owed $105,000.
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Mr Nicholls’ parents Bruce and Margaret Nicholls previously ran a boat and tour operation to McLaren’s Landing for a number of years their Tall Ship Island Adventures Pty Ltd.
They put the operation, including the leasehold to the resort and their 32-metre catamaran, on the market in 2013, but failed to find a buyer.
Mrs Nicholls appeared in court earlier this for questioning following an enforcement action brought forward by United Networks Services, which was owed $6579.96.
In response to questioning, sole director Mrs Nicholls repeatedly said she had no knowledge of the operations of the company.
An expressions-of-interest campaign for the McLaren’s Landing property ends on December 11.
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