INVESTMENT companies flogging off property assets is quite common since the credit crunch and a proposed eco-park near Port Douglas is the latest asset to hit the market.
The eight-hectare site belongs to Mariner Coastal Investment Fund, which has decided it is better off concentrating on assets which will earn income in the short term.
The site is approved for an tourist park with 50 villas, 130 caravan park sites and 5100sq m of camping space.
Director of appointed management company, EcoPoint Management Pty Ltd, Nigel Corne, said the site had excellent potential.
"Modern integrated tourist parks have increased in popularity for holiday akers and business travellers due to affordable tariffs and the 'value for money' for the facilities provided," he said.
"There has also been a marked increase in drive tourism amongst Australia's grey nomads who enjoy travelling domestically for extended periods of time with caravans, motor homes or campervans."
The property is on the Captain Cook Highway, about 1.5km north of the Port Douglas turnoff.
The Fund is selling the Port Douglas asset as part of an overall strategy to focus on income producing properties to maximize returns to unit holders.
Real estate agent John Wimberley from PrimeAspect has been tasked with selling the site.
Mr Wimberley said he was pleased with the level of interest since they began marketing.
"It's ideal for the grey nomads, people on family holidays and Europeans travelling Australia,'' he said.
"It's the sort of property that represents a significant foothold into the North Queensland tourism market.''
The tender closes on 20 November 2008.
More information, call 0408 792 959.
