Struggling Geelong golf course to reopen as residential development
Victoria’s second oldest golf course will reopen as a 320-home residential community adjoining a scaled down nine-hole course.
Developers Links Living issued title deeds to 200 people who bought into the Geelong Golf Course project which has been closed for the past 10 years.
Transforming the course into a part residential development is an alternative to struggling courses selling their land and being forced into mergers, managing director Stephen Head told The Australian Financial Review.
“This provides an opportunity to create a business model and structure with a new income stream where residents contribute to the cost of maintaining the golf course and become part of the club either playing golf or socialising at club facilities,” he said.
Blocks in the development are price from $200,000 to $400,000 and have annual body corporate fees of $1000.
Links Living have done similar transformations of the Sanctuary Lakes and Sandhurst Club courses in Melbourne.
