212 college rd Karana Downs QLD 4306
- Development / Land
- 38.85 ha
- For Sale, Offers from $6,000,000
Brisbane's only privately owned golf course
Arguably the Only & the Most Affordable Riverfront 18-hole Golf Course in any of Australia's Capital Cities.
CASH OFFERS WILL BE CONSIDERED MORE FAVOURABLY.
The business is leased for $120k nett with the retirement development right remaining 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.
Most importantly, it is one of the very few golf courses in Australia which is profitable, with potential to develop up to 147 retirement villages surrounding the golf course & the club house, complimenting the golf course membership. Council has indicated they wish this area to be for retirement.
The development land value component alone is potentially worth around $6,000,000, so effectively you could get this profitable Golf Course & its Club House for Free.
In comparison, media reports & information from the industry service have stated that Indooroopilly Golf Course 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 the suburb with bar & bistro, function rooms, plenty of dining space, plant & equipment (golf buggies & ground keeping machinery etc) & a playground.
Address: 212 College Rd, Karana Downs QLD 4306
Price: Asking $6,000,000
Inspect: By Appointment
Contact: Harvey Huang 0401 026 693/3373 9872