212 college rd Karana Downs QLD 4306
- Development / Land
- 38.85 ha
- For Sale, Offers from $5,000,000
Golf Course for Free?
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.
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 $5,000,000, 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 Lease hold land of 2.5ha to the developer Aura Holdings for around $22,127,000 upfront + future lease payment to develop 220 retirement units there over 4-5 levels.
Currently employ 4 fulltime employees, 5 casual employees & caretaker with 2 caretaker rooms in total.
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: Offers From $5,000,000
Inspect: By Appointment
Contact: Harvey Huang 0401 026 693/3373 9872
|Floor Area||388,606 m²|
|Land Area||38.85 ha|
|Annual Return||Ask Agent|
|Last updated||22 Nov 2019|