Outgoing Cranbourne Golf Course for sale
Two years after Huntingdale and Cranbourne golf clubs agreed to merge into a redeveloped course owned by the former, the Jewish owned Cranbourne Country Club (CCC) has listed the latter’s Cranbourne Golf Course for sale.
More than $150 million is expected for the 70.4 hectare site between Glasscocks and Huon Park roads, Cranbourne.
The parcel is a couple of kilometres from the ex-Amstel Golf Club, in Cranbourne West, which Carlton footballer turned developer Fraser Brown bought for c$40m in 2015 and is now making way for a housing estate.
Residential is the expected outcome for the outgoing Cranbourne Golf Course too; some 1500 dwellings could be configured.
CCC bought the land seven decades ago for £20,000 following the antisemitic baring of Jewish players from private clubs; it however welcomed everyone.
The club will contribute $10m to a $120 makeover of the Huntingdale course, 16 kilometres south east of Melbourne’s CBD.
LAWD’s Peter Sagar, Paul Callanan and Darcy Tobin are marketing Cranbourne Golf Course.
Charter Keck Cramer’s Patrick McNulty and Tom Byrnes are transaction advisers (story continues below).
Melbourne loses another golf course
The Cranbourne Golf Course listing comes five months since AustralianSuper via ISPT made the surprise decision to list Dingley Village’s ex-Kingswood Golf Club – a 53ha asset bought for $125m in 2014 with plans for a c823-lot housing estate.
Prior to its grounds dilapidating since closure in 2018, Kingswood was considered one of Melbourne’s best public golf courses.
In Keysborough meanwhile, Intrapac has been in discussions to buy the 76ha Keysborough Golf Club since 2015; that deal is said to be attached to, amongst other things, a residential rezoning.
In Doncaster, east of Melbourne, Mirvac is completing its residential based redevelopment of the ex-Eastern Golf Club which it bought for $100m in 2011.
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