A holey theory Well, because we can see the hole, and the hole has properties such as depth, width, and location -- and those properties differ from the properties of the ground, since the ground spreads out, and is certainly not shaped like a hole anywhere else. Would we call Africa a hole just because this one hole exists? — Moliere
Is Africa yellow just because the sand in the Sahara is? I really have trouble finding what your argument is so far. The immediate matter surrounding a hole is clearly not a hole.
I think the question is, do properties exist? If so, then holes exist. I'm not committed one way or another because it depends on language use and definitions. Holes are a specific topographic feature such that an area without solid matter is surrounded by solid matter. If defined that way, the question arises do circles and squares exist? It's not particular to holes unless you insist holes ought to be defined by the absence of something. I don't like such a definition though, because I can't take a hole out of the context of the matter defining it because if I remove that matter I'm left with nothing. And this is the same with a square, if you take away the matter, I'm not left with a square but if I remove the square, I still have (amorphous) matter.