Tamworth golfing complex The Longyard Golf Course on the market

Tamworth's golfing complex The Longyard Golf Course on Greg Norman Drive, Hillvue is on the market with a price guide of around $11 million.

The facility, on the market by Dromahair through Savills Australia features a total land area of 66.31 hectares and includes an 18 hole Greg Norman/Bob Harrison-designed Golf Course considered on of the top 10 public access courses NSW), a Pro Shop & Golf driving range, Thorny’s Putt-Putt (with two x 18 hole courses and children’s fully fenced play area) Golf club house, conference room;,manager’s residence and the Windmill Tavern (with approval for 20 gaming machines).

There property features two substantial development sites of circa 8 hectares each with one site already contracted to a developer to build a 115 Villa retirement village.

The golf course owner will retain 16 percent profit share of the retirement village and the other site is suited to additional accommodation uses - suited for approximately 60 villa/townhouse sites (STCA) depending on design.

Three townhouses on surrounding land are included in the sale and comprise 2 x 4 bedroom, 3 bathroom townhouses and a 1 x 2 bedroom, 1 bathroom townhouse. Two of the townhouses are currently rented for a combined rental of $1100 per week. There is scope to rent the last townhouse for approximately $300 per week.  

Nic Simarro, Savills Hotels Senior Sales Executive, this mixed use site presents an exciting opportunity to purchase a development opportunity with a holding income generated from a strong trading golf course and tavern.

“An investor/developer has an opportunity to capitalise on additional profit streams from subdivision and development of two x 8 hectare (minimum) parcels of land, with additional potential for on-course guest accommodation” he said.

The Longyard Golf Couse is for sale through Savills via an Expressions of Interest campaign closing 4pm Friday 29 September 2017.