New South Wales, 6 October 2021 – JLL Hotels & Hospitality Group, in conjunction with Moore & Moore Real Estate and Tamworth Property Co, are excited to present to market the Longyard Golf Course & Mill Tavern in Tamworth via a formal Expressions of Interest campaign.
The 63-hectare site located in Tamworth’s fastest growing residential area includes:
- Privately owned 18-hole (Par 72) championship golf course designed by Greg Norman and Bob Harrison Freehold going concern hotel with full hotelier’s licence, public bar, bistro, kitchen, lounge and outdoor terrace
- Approved 3-hectare subdivision primed for development of premium golf course frontage residential and/or resort accommodation Three luxury townhouses with secure gated entry and golf course views 7.5% share in the adjacent 99-lot Manufactured Housing Estate development
Located 4.5 hours’ drive from Sydney, Tamworth is classified as a Regional Growth Centre by the NSW Government due to its immense population boom (expected to increase by 23% over the next few years) and continues to attract significant interest from nationally recognised property developers.
JLL’s Vice President, Kate MacDonald commenting, “This rare opportunity will be hotly contested by a diverse range of capital sources due to its broad range of offerings. To own 63 hectares in one of the most robust growth areas of NSW with multiple development opportunities, a hospitality venue, an income-producing 18-hole golf course, and passive income from a neighbouring MHE site, it is surely a venture worthy of significant consideration”.
The Longyard precinct is situated adjacent to the multi-million dollar ‘Northern Inland Centre of Sporting Excellence’ which is expected to attract 100,000 locals and 50,000 visitors to the facilities annually. The entrance to the Mill Tavern is perfectly positioned within walking distance from all major sporting fields.
“We expect the interest levels to be high, with the recent 50% sale of Tamworth’s ‘Pub Group’ to Oscars Hotels demonstrating the very real and strong interest in the region.
With regional travel possible at the 80% vaccination target, NSW residents will be looking to holiday, and in some cases relocate, to large regional towns. Interest in astute investment prospects with significant growth potential will naturally continue to build”, MacDonald concluded.
The Longyard Golf Course and Mill Tavern is being offered for sale in-on-line via Expressions of Interest closing at 4pmThursday 11 November 2021 (unless sold prior).
