Ocean Dunes, the golf course on King Island in Bass Strait, has been listed for sale.
Colliers International's Guy Wells and Comac Property Group's Paul Mason have been appointed to broker the Bass Strait property. Offers close December 6.
The golf course, ranked fourth best in Australia by Golf Australia magazine, was developed by a group of Victorian-based investors and golfing enthusiasts.
The 18-hole course includes the King Island hotel. The 190-hectare property includes a site next to the course set aside for further development.
It comes with a permit to develop 21 motel suites.
The Cape Wickham Golf Course on King Island was bought by a Vietnam-based investor for $16 million earlier this year.
The Cape Wickham course was ranked the 24th best golf course in the world by Golf Digest in 2016.
It was put up for sale by Australian Ratings (now Standard & Poor's Australia) founder, the property developer Duncan Andrews.
The buyer is a company called Cape Wickham Golf Links Pty Ltd, is wholly owned by Ekaterina Kolmakova from Hanoi in Vietnam.
The sole director of the company is Sydney-based Richard Nebauer, the Australian Financial Review noted recently.
Cape Wickham, which opened in October 2015, was a collaboration between US architect Mike DeVries and Australian golf writer Darius Oliver.
King Island, is a forty minute flight from Melbourne, set between Victoria and Tasmania.
It is renowned for its fresh produce and increasingly its world standard golf courses.