Chinese investors have purchased South Molle Island in the heart of the Whitsundays.

China Capital Investment Group (CCIG) have snapped up the island for a reported $25 million, a little more than a year after buying the nearby Daydream Island Resort and Spa.

South Molle has been snapped by China Capital Investment Group.

South Molle features more than 12 hectares of developable absolute beachfront land and boasts lush rainforest, secluded bays and fringing reefs.

Long-time owner Craig Ross put the perpetual leasehold for the island, which has been operating as a backpacker haven, on the market in April.