Private Victorian island sells in secretive deal

A private island which is a 25 minute helicopter ride from Essendon Airport has been quietly sold in a secretive deal.

It’s been years since Sandstone Island, which is off the Hastings foreshore, has been inhabited.

The island contains a dilapidated house and not much else.

Director of RT Edgar Manningham Boroondara, James Hatzolos, who sold the property, says it’s been snapped up by a Sydney buyer, and sold for between $5.6 million and $6 million.

“It’s about 1.9km all around,” he told Ross and Russel.

“It’s perfect for somebody who wants to own a little private getaway … but you can’t subdivide it, you can’t put multiple dwellings on it.”

Mr Hatzolos says the island used to be a potato farm and there were cattle on the island for a time.

Press PLAY below to hear more about the island and how it was sold

Image: Google Maps