31 Palm Creek Road, TANAWHA QLD 4556 Greg Young January 2, 2021

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31 Palm Creek Road, TANAWHA QLD 4556

Golf course

Sold $2,440,000
Property Features
  • Lifestyle
  • 4 bed
  • 2 bath
  • Land is 7.76 hectare
  • 2 Open Parking Spaces
  • Secure Parking
  • Satellite
  • Comparables

Par 3 Golf Course - Turnover up 74%

Listing ID: 21334925

UNDER CONTRACT – For those looking for a great business opportunity on the Sunshine Coast, then check this out.
Tanawha Valley Golf and Tennis is a lifestyle and business opportunity in a central location in one of Australia’s fastest growing areas – The Sunshine Coast.

The sale includes (A) the real estate investment which is a large 4-bedroom residence on 19 acres with a pool and a fully developed golf course that in itself would cost millions to reproduce in today’s prices, (B) an established business on a walk-in, walk-out basis that is showing good returns. Turnover for the last 6 months has been outstanding with turnover up 74% compared to the same period last year. Projecting this, the turnover for the year could be as high as $340,000 with a Gross Profit margin over 84%. Memberships to the club have also doubled. (C) the opportunity to introduce further income streams. This could range from hosting wedding receptions for the wedding ceremonies currently being held adjacent in Botanic Gardens, construction of cabins for Air B&B or even a small 10 site caravan park.

The central location of the course is such that Mooloolaba Beaches are only 16 minutes’ drive away, Maroochydore Central Business District 20 minutes while Noosa is 40 minutes’ drive.
The newly expanded Sunshine Coast Airport which is now able to handle international flights is only 22 minutes away while Brisbane International Airport is only 1 hours’ drive.

The owners have been operating the course for the last 16 years and now it is time for them to retire.

Nestled beside the Maroochy Bushland Botanic Gardens, the 9-hole, par 3 golf course has been beautifully maintained and improved by the current owners. What they have created is truly spectacular. Set out over 19.4 acres, this stunning, fully licenced property also features a tennis court, tropical salt water swimming pool, spacious residence, fully equipped pro shop, and beautiful rustic function building. The relaxed atmosphere combined with the picturesque surroundings has continuously attracted a large variety of people to the course, with an increasing number of younger players and groups coming for a quick yet challenging social game.
Each hole of the course has its own characteristics and beautiful natural setting. The longest hole on the course is 215 meters. There are 3 tees on each hole to cater for the various levels of golfing ability so, anyone from the experienced to the novice can enjoy. To help one warm up before each round, there is a practice putting green, a chipping area and a practice net.
The course has been divided into five irrigation zones for the automatic pop up sprinkler system. Three dams, a billabong and a bore ensure that adequate water is available for the drier months. The owners have invested in the correct maintenance machinery to keep the fairways and greens in tip top condition with a minimum of time and effort.
The residence is a large 4-bedroom plus study home that has a spacious lounge and dining area, a well-equipped kitchen with induction hotplate, electric oven and dishwasher. There are two bathrooms, a separate toilet and a large laundry room that has loads of room and storage, especially for the hospitality items needed for the function centre. A lockable storage room is located under the house. The entire house is surrounded by a covered veranda that allows great views over the course plus helping to keep the home cool and protected in summer.
Attached to the house is the pro shop, café, bar facilities and a small office area. The pro shop has hire clubs to suit any age as well as pull buggies and 5 motorized golf carts. The shop is fully equipped with refrigerators and a coffee making machine. The shop opens out onto a covered area with seating for 36, complete with BBQ facilities – a great area to relax and enjoy a cold beverage after a round of golf. Adjacent to this is the 12-meter salt water pool, popular with golfers in the summer months. The rustic function complex complete with its own bar, is capable of seating up to 80 guests and is popular with companies and organisations to hold their annual Christmas break up or social parties, which would include a round of golf, swimming and a meal with drinks.
The liquor licence covers the entire course and runs from 9 am to 10 pm at night.

With the enormous development the area has experienced, leisure activities such as this will only become increasingly more popular.

This sale represents a great opportunity to acquire a strategic Sunshine Coast real estate parcel, business and lifestyle all in one. Phone today.

Inspect the nine-hole golf course, a hole at a time, by visiting our 360° virtual tour.

For full details and a personal inspection contact:
Greg Young 0488 238 988
Young Property Group

Real Estate Agent
real estate agent - Greg Young
Greg Young
Director / Marketing Consultant
0488 238 988