Tamworth golfing complex The Longyard Golf Course on the market

Tamworth golfing complex The Longyard Golf Course on the market
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.

Tags: 
Golf Course Tamworth

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