New owners aim to operate Noosa Par 3 Golf Course and look at development options in the future

A Sunshine Coast golf course, that was earmarked for development, has new owners happy to keep the course operating.

An aerial of the Noosa Par 3 Golf Course.

A SUNSHINE Coast par three golf course will continue to welcome golfers after being snapped up by a local family.

They paid $4.7 million for the Noosa Par 3 Golf Course after an expressions of interest campaign by Ray White Commercial‘s Louisa Blennerhassett and Paul Butler.

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Ms Blennerhassett said the 30ha property was marketed locally, offshore and interstate to developers/land bankers and golf business operators.

“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,” she said.

“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.”

The picturesque 36-hole course comes with dams and seasonal creeks and was opened by the original owner with 18 holes in 1990. Holes 19-27 were completed and opened in 1995, with the addition of a further nine holes in 2015.

One of the hazards at the Noosa Par 3 Golf Course,

Mr Butler said the buyer was a family based in both Melbourne and Noosa.

He said they could see strong value in owing 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.”