212 College Road (Brisbane River Golf Course), Karana Downs
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Real Estate in Karana Downs
Brisbane's Only Privately Owned Golf Course + Development Upside
Arguably the Only & the Most Affordable Riverfront 18-hole Golf Course in Australia's Capital Cities.
The business is leased for $127,333 net, with the lessor's retirement development rights remaining separately.
Sitting on 96 Acres or 38.86 Ha with 433m of direct frontage to the wide-open Brisbane River, this beautiful riverfront golf course is a scarce opportunity for you to own the only privately owned freehold golf course in the Brisbane City Council Region + development upside
It boasts one of the best greens and river views in Brisbane & was fondly called "Mini Kooralbyn" for its challenging design, operated by a very passionate and professional tenant.
Most importantly, it is one of Australia's few profitable golf courses, potentially developing up to 147 retirement units or up to 68 retirement villas surrounding the golf course and the clubhouse, complementing the growing golf course membership if to keep the current club house
If to relocate the clubhouse to Tanderra Way for easy access and a better view with a pokie license and underground car parking, the developable land will increase significantly, making the asset even more valuable.
The development land value component alone could be worth around $7m if adapting to the 147 unit design, so you could effectively get this profitable Golf Course and its clubhouse for almost free
In comparison, Indooroopilly Golf Course, nearby, has sold a tiny 2 ha leasehold land to the developer Aura Holdings for around $22,127,000 upfront + future lease payment to develop 168 retirement units over 4-5 levels.
Also, the Brisbane River Golf Course has one of the only restaurants in this large suburb with a bar & bistro, a function room and plenty of dining space for dining, functions and weddings, both indoors and outdoors.
Address: 212 College Road, Karana Downs, QLD 4306
Price: Offers from $7m
Inspect: By Appointment
Contact: Peter Huang 0418 888 889, peter.huang@yong.com.au (Agent Welcome)
| Property Features | |
| Land Size | 96 Acre approx. |
| Total car spaces | 20 |
