Ball in vendors' court as offers considered for Australian Tennis Academy home Falls Retreat
Offers are still being considered on Falls Retreat, home to the Australian Tennis Academy, in the Oxford Falls Valley on Sydney’s north shore.
It was on the market last month after being held by the same family for almost three decades.
Colliers International’s Henry Burke and Brian McInally marketed the Oxford Falls Road property, which consists of 12 motel-style overnight rooms, 12 synthetic grassed courts, a function centre with liquor licence, and pool and barbecue facilities for members and guests.
Burke says there is potential for expansion of one of the very few multiple use recreational, commercial and social destinations in Sydney.
The agents fielded interest from sport and recreation business owners and hospitality function centre owners. Since the expressions of interest closed last Thursday there are three parties still actively looking at the property.
But it will now be showcased in Hong Kong and Beijing later this month expressly to the Chinese tennis fraternity.
The property offered for the first time in 27 years. Kevin and Glenys Collins formed the Australian Tennis Academy in 1985 to offer a high-quality tennis venue and top-quality tennis coaching under the stewardship of Ross Jones.
In 1991 the Collins couple added the accommodation rooms and a function centre.
