A LOCAL family has scored a hole-in-one as the Noosa Par 3 Golf Course sold for $4,700,000 following a successful expressions of interest campaign in Sunshine Coast’s Noosaville.
The asset, that provided 30ha* in land area and was across four separate titles, also came with the profitable golf business in operation.
The site was marketed and sold by Ray White Commercial Noosa and Sunshine Coast North Property Consultant Louisa Blennerhassett and Director Paul Butler.
Ms Blennerhassett said the team took the property to market with a commercial focus, understanding the buyer for the property would most likely be an astute commercial operator, either as a developer/land banker or golf course operator.
“Marketing for the properties comprised an extensive targeted campaign, specifically designed to attract overseas and interstate buyers, as well as appeal to the local Noosa market,” she said.
“We conducted a large number of inspections of the property with a wide spectrum of buyers, from private developers and larger tourism operators through to private occupiers, golfing enthusiasts and families.
“The expressions of interest campaign was very successful, attracting seven written offers by the close date. One of these offers eventuated in the purchase of the property.”
Mr Butler said the buyer for the property was a family who are based in both Melbourne and Noosa, and could see strong value in both growing the existing golf course business and operations, as well as the long-term land value.
“We were very happy to facilitate the transaction and we’re pleased to know the business operations at the Noosa Par 3 will continue into the future under new ownership,” he said.
“One of the key successes in the sale of the property was in the understanding of the business operations as well as development constraints.
“By looking through a commercial lens, we could attract the buyers with the highest and best use for the property now and into the future, to enable the best outcome for our client.”