Arguably the Only & the Most Affordable Riverfront 18-hole Golf Course in any of Australia's Capital Cities.
The business is leased for $121,200 net with the retirement development rights remaining separately with the lessor.
Sitting on 96 Acres or 38.86 HA with 433m of direct frontage to the Brisbane River, this beautiful riverfront golf course is a very rare opportunity for you to own the only privately owned freehold golf course in the Brisbane City Council Region.
It used to boast the best green in Brisbane & was fondly called "Mini Kooralbyn" for its challenging design, so the potential to return to its former glory is obvious under the current very passionate and professional tenants.
Most importantly, it is one of the very few golf courses in Australia which is profitable, with potential to develop up to 147 units or up to 68 retirement villas surrounding the golf course & the club house, complimenting the growing golf course membership.
The development land value component alone is potentially worth over $6,000,000, so effectively you could get this profitable Golf Course & its Club House almost for Free.
In comparison, Indooroopilly Golf Course nearby has sold a small Leasehold land of 2.5ha to the developer Aura Holdings for around $22,127,000 upfront + future lease payment to develop 168 retirement units there over 4-5 levels.
Also, it has one of the only restaurants in this large suburb with bar & bistro, function rooms, plenty of dining space, plant & equipment for dining, function and weddings.
Address: 212 College Road, Karana Downs QLD 4306
Price: EOI Closing Wednesday the 14th of September 12pm.
Inspect: By Appointment
Contact: Harvey Huang 0401 026 693
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