A Huge Long Term Development

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We aren’t buying the land surely?

 

[2012....Sharks Year]

My understanding is we're buying the licensed club which currently operates at a profit of 1 mill a year. Golf course is council land and council operated as far as I'm aware.

 

[txta2]

Toyota land is being put up for sale

 

[Ads]

Toyota land is being put up for sale

Probably more residential which can only be good for the potential customers at the new club

 

[snout]

My understanding is we're buying the licensed club which currently operates at a profit of 1 mill a year. Golf course is council land and council operated as far as I'm aware.

But we must have some agreement ti be part of any future council plans.

We wouldnt be buying a ferking golf club for the golf. Surely.

We are dumb at the best of times but that is dumb V2.

If its redeveloped by council in the future do we still own the building/clubhouse which can be converted to commercial investments?

 

[2012....Sharks Year]

Probably more residential which can only be good for the potential customers at the new club

I read somewhere that the Toyota land will only ever be considered industrial... will never be zoned residential.... apparently.

 

[2012....Sharks Year]

But we must have some agreement ti be part of any future council plans.

We wouldnt be buying a ferking golf club for the golf. Surely.

We are dumb at the best of times but that is dumb V2.

If its redeveloped by council in the future do we still own the building/clubhouse which can be converted to commercial investments?

Think you're missing the point mate... we just as easily could have bought say Kirrawee bowlo or Miranda Rsl... it's about the licenced premises not the surrounding land (which in this case happens to be a council owned and operated golf course).

 

[Mr Angry]

I like the idea of Sharks Sports club with mulitple venues around the shire for members to enjoy.

Rugby League and Soccer played at the boutique home gound, Golf, maybe buy a netball club and a Surf lifesaving club.

 

[shaggs]

Mate do you think that much land in Sydney would sell that cheaply if it could be developed?

God no, but sometimes it’s not all chips and putts. Sometimes you have to play the long game.

 

[snout]

Think you're missing the point mate... we just as easily could have bought say Kirrawee bowlo or Miranda Rsl... it's about the licenced premises not the surrounding land (which in this case happens to be a council owned and operated golf course).

Yep...happy to put my hand up here and say lm all questions and no answers - but my point is:
This club may be turning a profit now but current social commentary would indicate golf clubs are a dying art. So have we bought into a lemon..or...have we some foresight that something is brewing down the track?

Such as have we been in discussions with the council for the if and when this land may be used for something other than a golf club. Have we secured the 'clubhouse/building' long term so we can develop it into something financial that sits comfortably with councils said plans.

Because...once again - surely we havent bought into a golf club to run a friggin golf club.
We struggle to run the business we have most days of the week.

There has to be a bigger picture otherwise we are dumber than first thought.

 

[Quicksilver]

My understanding is that if the golf club is council owned and operated (as stated above), all we'd be doing is serving beer to the golfers and providing them with a place to hang out. Maybe a few administration offices or something. + a schnitzels, beers and bands for social members. Much like any old club.

 

[bad boy bubby]

My understanding is that if the golf club is council owned and operated (as stated above), all we'd be doing is serving beer to the golfers and providing them with a place to hang out. Maybe a few administration offices or something. + a schnitzels, beers and bands for social members. Much like any old club.

And pokies?
All clubs love the pokies

 

[Quicksilver]

And pokies?
All clubs love the pokies

Yes, that too.

Probably the most important thing (if they have them). And if they don't have them they should get them.

 

[snout]

..... all we'd be doing is serving beer to the golfers and providing them with a place to hang out.

Sounds like a goldmine.

 

[Quicksilver]

Sounds like a goldmine.

+ the social members.

Basically the same plan as Penrith and Roosters have.

 

[shaggs]

Yes, that too.

Probably the most important thing (if they have them). And if they don't have them they should get them.

They have them

 

[Stake Removed]

We could inherit a billion dollars and within a year be broke, we never have been able to invest correctly

 

[ground zero]

like the dirty old bowling club an there management always trying to screw someone. always the punter, but the ceo an manager has mutiple houses rental propertys.

 

[Mr Angry]

My understanding is that if the golf club is council owned and operated (as stated above), all we'd be doing is serving beer to the golfers and providing them with a place to hang out. Maybe a few administration offices or something. + a schnitzels, beers and bands for social members. Much like any old club.

The council owns the land however they operate in this manner.

A 5 year lease agreement to the starter/golf professional to manage the people on the golf course with the primary function of collecting green fees and starting the field. In addition, the Starter, with the approval of Council, will provide a range of ancillary services critical to the functioning of the golf course, including the sale of golf equipment, sale of food/drinks, golf lessons and cart hire from within the onsite Pro Shop. The Starter will employ all staff required to provide these services and retains any profit earned.

LINK

So essentially we have bought the management rights and club.

The council retain the land and it will probably never be rezoned but the management will be left to businesses.

 

[carcharias]

When we played at a wedding there a couple of weeks ago the wedding planner chick asked us about playing Sunday arvos there.
She said something about a new food/bar music venue they are looking at putting in there.

The girl she was with who works with her is married to one of the dudes who runs one of those joints in the mall in Cronulla.
Brass monkey I’m pretty sure she said.

Not sure if this has anything to do with anything.