Australia's most
informative golf website

2021 GOLF Course Guide APP

Menu

Kooralbyn Valley hits the market

Mar 11, 2020

Kooralbyn Valley is Australia's first integrated golf resort to hit the market after the Coronavirus drama The strong sale of the Beach Hotel Resort Byron Bay for $104m and the Vibe Darling Harbour for $108m has prompted Peter Huang the owner of the iconic Ramada Resort Kooralbyn Valley to put his master-planned community on the market for sale or JV. This fully renovated and amalgamated iconic resort sits on a massive1,500 Ha or 3,700 acre site with 37 existing lots and 30 existing buildings plus a number of existing businesses all with upside potential. It is potentially a $500m - $2b project depending on the master plan for 50+ retirement and all other possibilities. The state government was considering using the resort's separate Packer Lodge building as a Coronavirus Isolation Centre but withdrew their plan soon after before anyone was placed in it, due to the concern from some locals. The Packer Lodge is around 300 metres from the main resort which was built by the Japanese owner Towa Group in 1980, about 30 years ago for a total cost of around $45m as a hideaway for the rich and famous. The then richest Australian Kerry Packer used to fly regularly to Kooralbyn airport to play polo and golf at the resort. It's in a perfect country holiday getaway location surrounded by serene and famous mountains like Mt Barney, Mt Lindsay, and Wyaralong Dam and Maroon Dam. It's an easy scenic drive for the 3 million local residents from south-east Queensland and the large golf community, whilst also a popular international tourist destination. On top of the original resort on 800 acres bought in 2013 during the lowest point of the GFC, another 2,890 acres of extra land and buildings were acquired separately in the last few years with tens of millions of dollars spent on the resort's renovations and operations. After all the hard work has been done, now all properties will be offered for sale in one line or individually. It has the largest rammed earth eco-construction in the southern hemisphere with 102 rooms plus the 30 room Packer Lodge and more rooms that can be converted. It also has the 230 seat 'Lilies Buffet, Bar & Grill' and a 240 seat international convention centre for conferences and weddings plus 3 other amazing outdoor wedding venues within the resort. The very popular Pavilion Tavern caters for guests, golfers and locals with Putt-Putt, Lawn Bowls, kids playground and more. The Championship Kooralbyn Valley Golf Course is ranked #22 & #24 respectively in Australia by Golf Australia and Golf Course Guide 2020. Greg Norman was its previous tour pro and it was also the previous home course of the former world No.1 golfers Adam Scott and Jason Day. The owner is applying for a new school licence for the Kooralbyn International School Building. The original Kooralbyn International School is the only school in Australia to have 2 Young Australians of the Year, Cathy Freeman & Scott Hocknell. The resort also has a private airport with a 1.4km re-surfaced runway, ideal for skydiving, scenic flights, flying school and the very popular drag racing etc, plus the original terminal building. It also has 2 previous Championship Polo/equestrian fields with extra rodeo and horse racing runways. The very popular championship Kooralbyn Mountain Biking Park could potentially host the Mountain Biking competition at the 2032 Olympic Games if Brisbane successfully hosts the event. The Riverfront caravan park/RV park is in the planning stage. The Camping Grounds are now open to the public during major events. Mr Huang said the Stage 1 subdivision surrounding the golf course and resort was approved but he allowed it to be lapsed due to the new plan for the large scale over 50s retirement development. A Pokies application is also in progress, on top of the existing TAB, Keno and Foxtel etc at the Pavilion Tavern. There is also a half-finished outdoor Snow Ski Lodge which can potentially be converted to a perfect eco-resort. The Aussie Muster grounds used for an outback farm experience including horse riding, sheep shearing, whip cracking & billy tea is in the process of being relocated to within walking distance of the main resort. The vineyard, Garden of Eden, birds, goldfish and turtle feeding facilities have recently been established within the resort. There is also the proposed nearest hunting ground to Brisbane and the Gold Coast plus massive land banking land for cattle, horses and organic fruit farms. "It's truly the one and only corporate asset in Australia ideal for potential public listing or as an addition to a successful investor or fund manager's existing portfolio. The selling price of the whole portfolio could be much less than the recent sales of the much smaller 25 room Beach Hotel Resort at Byron Bay on 4,585m2 of land or the 145 room Vibe Darling Harbour. The Kooralbyn project has so much more potential with everything you need and dream for with far better income upside from the multiple businesses of the resort, golf course, tavern, international school and other assets. It has far more development profit and potential ongoing income from the massive over 50s retirement and far more capital gain potential once all the above businesses are built up over the next few years and the workforce from the nearby largest inland port of Australia - the Bromelton Estate is fully established with its potential 35,000 jobs created, as planned by state government", Mr Huang adds. The property will be personally marketed by the owner of the resort Peter Huang and his son Harvey Huang, who is also the founder of Yong Real Estate. It is for sale by international tender closing Wednesday the 22nd of April 2020, 12pm at Yong Corporate Office.