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Muree Golf Club looks to diversify property

POSTED ON June 4, 2020 @ 5:27 pm

Not surprisingly, there was a tendency for the smaller clubs to be the hardest hit, a fact which has not been lost on the forwarding thinking board at the Raymond Terrace-based Muree Golf Club.

Board president Ross Picot said that the need to diversify was identified some years ago by the board members, who continue to look at ways to drive income outside of the traditional golf course fees and the licensed club bar and gaming takings.

“Some 15 years ago the club purchased nine hectares of land adjacent to the course with the intention of using this land to construct a series of new holes as substitutes for the ‘hill holes’ which would be transformed into an Over 55s development,” Mr Picot said.

However, the concept hit a stumbling block and it was decided to sell off the 9-hectare site as commercial property to suit “a development similar to the twin servos outlet on the M1”.

Mr Picot said that the Over 55s proposal would stand, but be confined to vacant sites adjacent to the licensed club.

The piece of land at Muree Golf Club, 6C Elizabeth Avenue, Raymond Terrace up for sale. Picture: realcommercial.com.au

 The piece of land at Muree Golf Club, 6C Elizabeth Avenue, Raymond Terrace up for sale. Picture: realcommercial.com.au

Mr Picot said the board was hoping to fetch around $1.5 million for the land, which boasts 450 metres of frontage to the Pacific Highway at Raymond Terrace and is exposed to more than 48,000 vehicles daily.

“Our original plans were to develop around 100 homes and four stories, but that may have to be reduced to three levels. The two and three-bedroom house prices would range from $400,000 to $550,000.

“We want to sell a lifestyle where residents have easy access to both the golf course and clubhouse, while enjoying fabulous views from the top of the hill.”

Mr Picot said that the board had the support of club members and that it was no longer viable for just the bar and gaming to support a golf club, “we need to be smarter in how we position ourselves in the market”.

SOURCE: Pt Stephens Examiner

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