Arguably the Only & the Most Affordable Riverfront 18-hole Golf Course in Australia's Capital Cities. The business is leased for $127,333 net, with the lessor's retirement development rights remaining separately. Sitting on 96 Acres or 38.86 Ha with 433m of direct frontage to the wide-open Brisbane River, this beautiful riverfront golf course is a scarce opportunity for you to own the only privately owned freehold golf course in the Brisbane City Council Region + development upside It boasts one of the best greens and river views in Brisbane & was fondly called "Mini Kooralbyn" for its challenging design, operated by a very passionate and professional tenant. Most importantly, it is one of Australia's few profitable golf courses, potentially developing up to 147 retirement units or up to 68 retirement villas surrounding the golf course and the clubhouse, complementing the growing golf course membership. The development land value component alone could be worth between $6m and $7 m, so you could effectively get this profitable Golf Course and its clubhouse for free or at a small price. In comparison, Indooroopilly Golf Course, nearby, has sold a tiny 2.5 ha leasehold land to the developer Aura Holdings for around $22,127,000 upfront + future lease payment to develop 168 retirement units over 4-5 levels. Also, the Brisbane River Golf Course has one of the only restaurants in this large suburb with a bar & bistro, a function room and plenty of dining space for dining, functions and weddings, both indoors and outdoors. Address: 212 College Road, Karana Downs, QLD 4306 Price: $7m+ Inspect: By Appointment Contact: Peter Huang 0418 888 889, peter.huang@yong.com.au (Agent Welcome)