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Portsea Golf Club Resort a Step Closer After Club Sells Enough Sites to Fund Redevelopment

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Written by Marc Pallisco   
Thursday, 12 August 2010 00:56

Portsea Golf ClubPLANS for a new $12 million clubhouse and hotel resort at the prestigious Portsea Golf Club have teed off, officially, after the Club successfully sold enough of its land to fund the new development.

Four of the five double blocks put to the market in February have now sold, with another two blocks now released for sale.

The Club is expected to bunker another $4 million from the remaining three blocks.

Kay & Burton Portsea’s Liz Jensen is marketing the sites, accessed via Relph Avenue, at $1.35 million each.

She said they can be inspected by appointment, or from the first hole, at the Portsea course.

Committee member and redevelopment manager Colin Watson said moneys made from the sale are necessary for the Club to proceed with its redevelopment – which he said will generate revenue, and guarantee the Club’s viability into the future.

A new club house with entertainment facilities – to cater for weddings and corporate conferences - will be developed alongside 24 apartments, which will be targeted to holiday makers.

“The decision to sell the blocks was motivated by falling memberships – research confirming that today’s time-poor generation is not investing in memberships to play time-intensive golf,” Mr Watson said.