Contract signed to sell troubled Port Hinchinbrook resort

The liquidators of the Port Hinchinbrook resort in north Queensland say they have found a buyer.

The resort was battered by Cyclone Yasi in 2011 and its owner, Williams Corporation, was placed into liquidation in 2013 after it failed to financially recover.

Residents voted to wind up its acting body corporate last year.

Liquidator Joanne Dunn said documents for the sale were yet to be finalised.

"Agents and us have been in negotiations with interested parties that expressed interest during that campaign and we're fortunate now that is has been a long process but we have now got to the stage where we have agreed on terms and signed a contract," she said.

Source : ABC News   Isobel Rice   16th February 2015