One of the oldest golf clubs in North Beach is selling its clubhouse and parking lot, and there are already a series of buyers hovering.
Toby Silk of CB Richard Ellis said that the Warringah Golf Club site in North Manly is the largest development site to be listed on the North Beach this year.
“We have a very strong interest,” Mr. Silk said.
“The inventory on the market is limited, the demand is high, and the interest rate is very low. For example, the housing prices around Allambie exceed $3 million.
This Condamine St, North Manly The plot borders Allambie and consists of more than 4000 square meters of flat land with dual access.
Potential buyers are considering transforming it into land subdivision, senior citizen development, childcare center or senior care development.
Mr. Silk stated that the market feedback for the development land was about US$8 million and the letter of intent was closed on Wednesday, July 28.
The funds raised from the sale will be used to fund a new community clubhouse, which will be built next to the Warringah Golf Course on the corner of Kentwell and Pittwater Rds, close to the green, rather than separated by busy roads.
Last year, the 85-year-old club announced plans to build a two-story clubhouse. The drawings show a restaurant suitable for family dining and a terrace with great views.
Club chairman Scott Campbell said that the higher the price of the Condamine St venue, the more they can commit to providing a market-leading community club.
“Through a 20-year course lease to ensure the club’s future, we hope to’ice cake’ through the relocation of the club to provide better facilities for members, social players, and communities and other sports organizations,” he said.
At the same time, after the COVID-19, the number of club members has surged, and people see golf as a safe and socially unsocial sport.
It is expected that the new community clubhouse will be open to everyone, not just golfers, and family-centric.