Interest is set to be strong when another seven lots in the exclusive Lonsdale Shores estate go under the hammer this month.
The much-anticipated release of Lonsdale Golf course land represents the “very last” multiple allotments available in Old Lonsdale.
An initial auction of two blocks in November provided strong bidding competition with sites fetching upwards of $500,000 each.
“The first Auction offered four allotments. Two of those were sold prior as great offers were received,” said Principal selling agent Damian Cayzer of Kerley’s Coastal Real Estate. “The remaining two allotments [drew] strong competition from five bidders. Both were sold above reserve price.”
The prime parcels sit on the fringe of the course and are within 350m from the back beach.
Seven blocks will be auctioned over the Australia Day long weekend. A further six will go under the hammer on Saturday March 26 (Easter Saturday).
The first sales delivered something of an early Christmas present to the Lonsdale Golf Club. Residential development – which will eventually include around 100 lots - has been in the planning for close to a decade but came close to being de-railed due to lengthy planning approval delays.
“There has been a build-up of financial pressure and also credibility concerns within the local community that the golf club could deliver,” said club president Leigh Coutie.
“The initial idea was formulated in 2002 and due to commence around 2005. The delays were primarily due to the additional, and more extensive, approvals required. Our new financial position enables us to control our future more positively.”
Mr Coutie said as many as six stages of the development would be released over the next four years, “depending on market demand.”
Plans for a new clubhouse, included in the project, are unlikely to be formalised until late next year.
Our aim is to provide a facility for our members and the local community to be proud of and already we are coordinating discussions with the Surf Life Saving Club as they determine their new clubhouse needs. Design will then commence immediately. Construction is expected to commence in 2017 or 2018,” Mr Coutie said.
The much-anticipated release of Lonsdale Golf course land represents the “very last” multiple allotments available in Old Lonsdale.
An initial auction of two blocks in November provided strong bidding competition with sites fetching upwards of $500,000 each.
“The first Auction offered four allotments. Two of those were sold prior as great offers were received,” said Principal selling agent Damian Cayzer of Kerley’s Coastal Real Estate. “The remaining two allotments [drew] strong competition from five bidders. Both were sold above reserve price.”
The prime parcels sit on the fringe of the course and are within 350m from the back beach.
Seven blocks will be auctioned over the Australia Day long weekend. A further six will go under the hammer on Saturday March 26 (Easter Saturday).
The first sales delivered something of an early Christmas present to the Lonsdale Golf Club. Residential development – which will eventually include around 100 lots - has been in the planning for close to a decade but came close to being de-railed due to lengthy planning approval delays.
“There has been a build-up of financial pressure and also credibility concerns within the local community that the golf club could deliver,” said club president Leigh Coutie.
“The initial idea was formulated in 2002 and due to commence around 2005. The delays were primarily due to the additional, and more extensive, approvals required. Our new financial position enables us to control our future more positively.”
Mr Coutie said as many as six stages of the development would be released over the next four years, “depending on market demand.”
Plans for a new clubhouse, included in the project, are unlikely to be formalised until late next year.
Our aim is to provide a facility for our members and the local community to be proud of and already we are coordinating discussions with the Surf Life Saving Club as they determine their new clubhouse needs. Design will then commence immediately. Construction is expected to commence in 2017 or 2018,” Mr Coutie said.