Is the Great White Shark’s designer golf course a ‘hole in one’ for investors?

The course has about 500 playing members and was home to the 2002 NSW Masters.

The Shark, as he is now more commonly known, has won many major tournaments and was part of the formation of the controversial Saudi-backed LIV Golf Invitational Series of golf tournaments.

Reputed to have a close bond with golf tragic President Donald Trump, the Shark’s Greg Norman Golf Course Design business has created more than 100 courses across 34 countries and six continents.

The sale of the freehold Longyard Golf Course and The Windmill Tavern in Tamworth includes nearly 60 hectares of land. The 18-hole championship course is recognised as one of NSW’s premier regional venues.

The property is being sold by owners who have held it for the past decade.

It’s zoned for on-site development of motel accommodation and has three hectares earmarked for subdivision within Tamworth’s tourism, entertainment, equine and sports precinct. A proposal is underway for rezoning it to medium-density housing for up to 130 dwellings.

Colliers’ Tim Woolf and Commercial Collective’s Adam Leacy and Matt Kearney have the listing.

Tradelink’s trajectory

Big-ticket property sales may still be few and far between as investors struggle with uncertainty and financing issues, but demand for lower-priced property is on an upward trajectory.

In a busy week, Sydney Metro has offloaded a quality office space on Level 3 of The Connect at 34 Hume Street, Crows Nest.

The premium A-grade office space was acquired by a local owner-occupier for $3.98 million underscoring the desire for commercial spaces in the area, said agents at Stanton Hillier Parker, who negotiated the sale in collaboration with agents from Lowry Property Group.

Further north, two properties, with solid long-term tenancies to the hardware group Tradelink, have sold.

Number 316 Peats Ferry Road in Hornsby went for $3.9 million, and another property at 7 Anderson Place in Windsor was marked down at $2.011 million, after a flurry of bids to purchase both properties.

The Hornsby property, sold by James Cowan, Tom Appleby and James Mullin, is rented to Tradelink on a 5+5 year triple net lease. It attracted eight registered bidders and sold 25 per cent above reserve, drawing in close to 100 enquiries. The price reflects a tight yield of 3.85 per cent.

Electric Ultimo

A major mixed-used project is being planned for Sydney’s city fringe after private developer apt.Residential (yes, that’s its name) snapped up a site from Ausgrid.

The 2840 square metres of land has approval to build 260 rental apartments – 160 flats at 1-3 Smail Street and a further 100 apartments at 41-49 Mountain Street. Affordable housing and new retail spaces on both Smail and Mountain Streets are included in, what will be a $240 million project.

The site is in the heart of Ultimo’s Heritage Conservation Area and the development will revitalise the former Grace Brothers warehouse and an adjoining heritage-listed electrical substation on Smail and Mountain Street.

Construction is expected to start later this year and be completed in late 2026.

Kellyville project

One of north-west Sydney’s largest development sites will be transformed into a $260 million mixed use development after selling for $58 million to private developer Level 33.

The 21,694 sq m site at 301-301B Samantha Riley Drive in Kellyville, the largest development site in the suburb, has plans for six buildings from 10 to 25 storeys housing high housing 826 units and a mix of retail spaces.

The area near Kellyville Metro Station and the Knightsbridge Shopping Centre is considered a priority growth precinct and is zoned to promote residential development around key transport infrastructure.