The Greens Resort, - Paradise Palms DriveKewarra Beach, QLD 4879
0.86ha (2.13 acres)
28 Aug 2015
The Greens Resort.
- Located on an 8,612m²* site
- 48 dual-key apartment resort complex
- 8 strata titled, dual-key, 2 bdrm apts
Paradise Palms is Cairns region’s only master planned residential community developed around a world class golf course. Set over 115 hectares*, this “Master Planned Community”, incorporates a purpose-built clubhouse which remains central to the development.
The following assets are offered for sale on an “as is, where is” basis either individually, in one line, or in any combination.
PARADISE PALMS COUNTRY CLUB & GOLF COURSE
Paradise Palms Golf Course:
• Golf Course business
• 18 hole championship golf course
• Measuring 6,592 metres* off championship tees
• AGU rating of 75*
Food & Beverage:
• Fifty Nine Restaurant & Bar
• Garden Terrace Bar
• Poolside Kiosk
Other Amenities and Facilities
Paradise Palms Country Club, Conference, Wedding and Event facilities including:
• Mangano & Austin Rooms with balconies (approximate theatre capacity of 200 and 60 persons respectively)
• On-site property sales office
• Tour desk
• Pro shop & buggy hire
• Outdoor wedding arbour
• Adventure playground
• 18 hole mini putt-putt golf course
• 25 metre* swimming pool
REMAINING DEVELOPED STOCK
The Greens Resort:
Management and caretaking rights business to strata titled, 48 room resort, together with eight two bedroom, strata titled, fully furnished freehold, dual-key apartments, reception lot and tour desk.
The Lookout Residential Estate:
Two remaining freehold residential allotments within an elevated residential housing development.
Development Precinct Areas 1, 2 & 3 (providing for approximately 1,400 residential and resort style accommodations)**:
- Savannah; 3.68Ha* Tourist and Residential zoned high density development site - Apartment and or House and Land Package development area**.
- The Dunes; 3.86Ha* Tourist and Residential zoned high density development site - Apartment and or House and Land package development area**.
- Kingscliff Peak; 1.76Ha* Tourist and Residential zoned high density development site - Apartment development area**.
Development Precinct Area 4:
Forest Mountain**; 5.23Ha* Development site with approval** for 20 residential lots*.
Development Precinct Area 5:
Canyon Lake**; 7.97Ha* Development site with approval** for 153 residential apartments*
Development Precinct Area 6:
Timber Creek**; 2.67Ha* proposed future acreage subdivision**
Moore Road Link**:
Operational works approval** for the construction of an extension to Moore Road, so that it links with Paradise Palms Drive. In accordance with the approval**, the costs of the road may be reimbursed by Council.
Discovery & Paradise Palms Drive:
Three balance areas and buffer lots.
THE GREENS RESORT
The Greens Resort is located on an 8,612m²* site adjacent to the Paradise Palms Country Club. It has been developed into a strata titled, 48 dual-key apartment resort complex with units situated across three levels. The resort backs onto the golf course and has direct access to the Paradise Palms Country Club by various footpaths and via Paradise Palms Drive.
The Greens Resort also contains a common area pool, professional landscaping, built-in barbeques and gazebos. The resort adds an extra dimension to the Paradise Palms Country Club by providing on-site accommodation for general North Queensland holiday makers, golfers and guests from weddings and functions held at the Country Club.
There are eight strata titled, dual-key, two bedroom apartments which are included in the offering. The units are fully furnished and have either a golf course or mountain-view aspect. The units range in size from 134m²* to 137m²* and are used as part of the Management & Letting Rights (“MLR”) Business. A reception lot comprising a tour desk, which compliments the Vendor’s MLR Business, is also included in the offering.
The MLR Business consists of agreements known as the Caretaking and Letting Agreements entered into between the Vendor and the Body Corporate. The Agreements permit the Vendor to:
• carry on certain caretaking activities, services and duties as set out in the Caretaking and Letting Agreements, for which it receives remuneration; and
• operate an exclusive, on-site letting business from the reception lot in The Greens Resort, in accordance with the terms set out in the Caretaking and Letting Agreements.
The Greens Resort is approved** for multi-development housing and holiday accommodation. Council approval allows for the units to be used as either permanent or short term holiday accommodation. Currently, The Greens Resort is used as short-term holiday accommodation.
EOIs Closed: 4pm on Tuesday, 8 April 2014 (AEST).
Please contact the marketing agents for more detailed information.
Colliers International does not guarantee, warrant or represent that the information contained in this advertising and marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for loss or damage arising there from.
*All numbers, sizes, distances and traveling times are approximate only.
**The precincts in the Paradise Palms Masterplan are at differing levels of approval. Further information regarding the nature and status of the approvals may be provided during the marketing campaign and due diligence.
Property ID: 501060383Last Updated: 30 Aug 2015