Leisure

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The Chase, the historic trophy property at Sutton Forest, has been bought for $5.8 million by the Malaysian horse racing tycoon Teo Ah Khing.
The five-bedroom 1880s house with a reception hall, formal sitting room and dining room, billiard room and living room is on 40 hectares in the NSW Southern Highlands.
Surrounded by sweeping lawns, hedged and walled gardens and exotic trees, <a href="https://www.realestate.com.au/property-other-nsw-sutton+forest-7594107" target="_blank">The Chase</a> homestead comes with a cottage, stables, barn and cattle yards as well as a pool and tennis court.
The restored and extended house comes with 3.35-metre-high Wunderlich ceilings.
It has 600 square metres of internal living space after extensions in the early 1980s. 
Teo Ah Khing, who linked up with Coolmore to spend $2 million-plus on yearlings by Fastnet Rock for the China Horse Club, was the big new comer at the 2013 Easter Inglis yearling sales..
It was sold by John Starr, a real estate franchise tsar of Sydney's western suburbs, through Bill Carpenter from W. Mcl. Carpenter and Associates earlier this year with the buyer details recently revealed on settlement. John Starr had bought it for $5.25 million from the retired Compaq executive Ian Penman, turned listed property website chief executive, and his wife, Ayesha.
The Penman's had bought it from insurance industry operative Rob Porter in 1996 for $2.6 million.
It had sold at $2.55 million in 1991.
John Starr, who has downsized to a smaller property in the area, sold it to a company associated with the Teo family, who have plans to use the estate’s stables, yards and barn to raise broodmares on the farm.
Teo heads <a href="https://www.desertstarholdings.com" target="_blank">Desert Star</a>, the parent company of the China Horse Club whose horse, Zululand became the first group winner for The China Horse Club in Australia in its second year of racing in the region with the win in the G2 VRC Sires Produce Stakes (1400 metres) at Flemington Racecourse in Melbourne in March.
Teo Ah Khing has a design consultancy TAK Design Consultants which fulfilled the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Ruler of Dubai, by designing and completing the iconic Meydan Racecourse for the 2010 Dubai World Cup. 
It has made its presence felt in the global equine affairs with another landmark project – Tianjin Equine Culture City (TECC) – in China. The CHC Clubhouse won the 5-star award in the International Property Awards for Asia Pacific Region in May last year.
Teo has also brought together the global leaders of horse racing in France and Ireland, as partners to re-introduce the sport of horseracing in China. 
Another significant Southern Highlands equine property Belle Cheval, previously known as Longview at Wildes Meadow, remains listed for sale. 
Dellarose Swanson-Baevski has a $4.5 million asking price on <a href="https://www.andrewhearn.com.au/listings/residential-129854-lifestyle/" target="_blank">the 30-hectare Wildes Meadow holding</a>. It's one of the best-equipped equestrian properties in the Highlands, with an eight-bay stable, heated feed room and a floodlit outdoor dressage arena. It was initially listed with $5 million hopes. It was bought in 2007 for $4.45 million by Dellarose Swanson-Baevski who has since secured the property fully from Michael Baevski, with its now-demolished 800 square metre house built by Ayesha Penman.
It was then known as Longview, the flagship development for the Penman's development company Vistatop, designed as the sister property for The Chase in Sutton Forest, by Ayesha Penman and husband Ian, who had established Compaq in Australia and New Zealand.
The five-bedroom house with a separate billiard pavilion is on a 30-hectare property had been bought from green thumb Don Burke in 2003.
Its being marketed by Andrew Hearn as "arguably the most panoramic uninterrupted views in the Southern Highlands extend from this incredible horse property in Wildes Meadow."
"The horse facilities are fabulous with irrigated and floodlit 70 metres x 30 metres dressage arena with soil-tex fabric and sand surface.
"There are 23 Day yards all post and rail with auto waterers, and divided by laneway system. 
"There is a eight bay stable complex with adjustable walls to suit the size and needs of the horse, a magnificent tack and wash house with ruba-roc surface throughout heated rug and tack rooms as well as another kitchen and laundry area for those colder highlands mornings," Andrew Hearn's marketing says.
There is also a fully equipped level jump area.
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jchancellor-FAypfDUnLy

Malaysian tycoon Teo Ah Khing - from China Horse Club - snaps up historic The Chase at Sutton Forest

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Greg Norman is designing a private golf course for the central Victorian property of the former Essendon AFL club president David Evans
The 18-hole private course is envisaged for the property north-east of Melbourne, on the Goulburn River near Alexandra in the Murrindindi Shire.
Norman and his design team walked the property with Evans on the weekend, according to Fairfax Media, with the prospect of creating something similar to the late Kerry Packer's Ellerston Hunter Valley private course which was completed in 2001.
The Perth-born Evans, who moved from Kew to Hawthorn with wife, Sonya after paying around $6.5 million in 2010 for the 1885 mansion, Woodfield, will turn 50 later this year.
Norman said the Evans property had perfect terrain and climate for a golf course.
Evans apparently met Norman for the first time at the Essendon-Collingwood Anzac Day match in 2013 with the former world number one golfer, and global golfing entrepreneur, now on the advisory board of Evan's Melbourne-based stockbroking and investment firm, Evans and Partners.
Local Alexandra golfers play at the Alexandra Golf Club on Gordon Street or at the course of the Stonelea Country Estate on Connellys Creek Road.
Ellertson (pictured below) in the upper Hunter Valley in NSW has been <a href="https://www.gngcd.com/course-detail-photo.php?course_id=39" target="_blank">highly ranked on the bucket list of golfers</a>. <a href="https://www.golf.com/photos/top-15-greg-norman-courses/ellerston-golf-course#354349" target="_blank">It ranks atop the all-time 15 private courses on the golf.com list</a>.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2014/04/08/image-7.jpg" alt="">
Last week Greg Norman launched of a marketing campaign seeking investors to build and operate a tourism project on Great Keppel Island.
<div>Norman is the ambassador for the $2 billion Tower Holdings development on the island, which includes an 18-hole championship golf course designed by him.</div>
Along with his Great White Shark Enterprises, global estate agents JLL have been engaged to source international investors.
The investment bank, Moelis &amp; Company, has been engaged as lead financial advisor to the project by the owner, Tower Holdings chief, Terry Agnew.
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Greg Norman's latest project - a private golf course for Melbourne investment banker David Evans

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The receivership sale of Heritage Golf and Country Club in the Yarra Valley’s Chirnside Park, north-east of Melbourne, has secured $17.8 million, just over half its over-inflated $30 million book value.
The two golf course, 230 hectare property has been bought by HGC Properties, a company directed by Melbourne accountant Sam Cimino, with its only shareholder being, Fly Group Limited, an entity without any directorial paperwork which is understood to have origins in China.
Scott Callow and Mark Wizel of CBRE Hotels negotiated the sale on behalf of the receivers PKF Lawler in conjunction with Michael Hede of Knight Frank. 
"We are certainly in a different cycle of commercial property when golf courses are quickly selling," Mark Wizel told Property Observer.
"Banks have an increased preparedness to lend on non-core assets.
"There is Chinese buying appetite for leisure property, not just the residential projects that have been the dominant desire to date," Mark Wizel said.
The Jack Nicklaus-designed St John golf course ranks among the best golf courses in Australia. The property is located on the Yarra River near Chirnside Park and has two 18 hole golf courses (the St John Course, south side designed by Jack Nicklaus in 1996) along with the Henley Course, on its north side designed by Tony Cashmore in 2002.
The property included townhouse development land and residential lots (STCA). 
Heritage Golf &amp; Country Club has a strong established membership base with 1,394 members. It hosted the Victorian PGA Tournament in February this year. 
There were about 47,500 golf rounds by played annually.
<a href="https://cbre.realcommercial.com.au/property-land+development-vic-chirnside+park-501095227" target="_blank">Heritage Golf and Country Club</a> was under the control of the Melbourne businessman and property developer Guo Zhao “Sunny” Sun.
Mr Sun acquired the golf estate around 2011 at just short of $15 million. But he subsequently became embroiled in a Victorian Supreme Court dispute with business partner Wang Hua, China’s 790th richest person, over control of the country club, as reported by Fairfax Media.
A court ordered followed that Heritage Golf and Country Club Pty Ltd be wound-up with the creditors owed $13.8 million, according to a News Ltd report which suggested one creditor, the Alter family, through its Austpac Funds Management, unsuccessfully proposed a deed of company arrangement.
Sun had purchased the property from receivers to the Letten Schemes, a series of property investment funds established by Mark Letten that fell apart during the global financial crisis.
Wang Hua and Mr Sun founded residential development company Kingsland Group, which has built small-scale townhouse and apartment developments in Melbourne since around 2003.
Wang Hua, from the Jeshing Group, was <a href="/news/26331-16-st-georges-road-toorak-sold-by-peter-devitt" target="_blank">the mystery buyer who spent $18.58 million last year</a> on the Toorak estate of the director of construction company L.U. Simon Peter Devitt through Kay &amp; Burton agent Ross Savas (pictured below), in the name of his wife, Xiao "Kylie" Yan Bao, who received an Australian visa in 2001. She had bought a mansion on Irving Road, Toorak for $3,399,000 in 2003.
<img src="/images/stories/flexicontent/l_toorak-sept-23-breakout.jpg" alt="Offshore buyer secures 16 St Georges Road, Toorak from Peter Devitt in circa $20 million sale">
Private homes overlooking the course have been sold over the years, with Fletchers currently having a three bedroom townhouse offering on Turnberry Lane (pictured below). <a href="https://www.1turnberrylanechirnsidepark.com" target="_blank">It had $1.3 million hopes</a>, after being passed in at $1.05 million at auction last month. Its vendor is not connected to the golf course ownership.
<img src="/images/2014/04/23/chirnside%20april%2023%20one.jpg" alt="">
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Jack Nicklaus-designed St John course at Heritage Golf and Country Club, Chirnside Park sold

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Coal baron Nathan Tinkler has finally agreed to sell his beloved horse racing stud Patinack Farm.
Tinkler announced a deal yesterday to sell the thoroughbred racing and breeding operation to a consortium of local and overseas parties from the Middle East.
Tinkler has been clinging onto control of Patinack Farm since 2012 when it was <a href="https://www.smartcompany.com.au/finance/wealth-management/29211-nathan-tinkler-s-horse-racing-empire-goes-into-liquidation">placed in liquidation</a>.
The sale shows how far Tinkler has fallen after once topping BRW’s Young Rich List with an estimated net wealth of $1.1 billion by the age of 35.
Throughout all his troubles he has fought to retain his horse racing empire.
The consortium which has bought Patinack Farm is unnamed but the deal was negotiated by UAE-based investment firm Cibola Capital.
The sale will be on a “walk in, walk out” basis for an undisclosed sum.
It is unclear how much Tinkler will get back of the estimated $200 million to $300 million he has ploughed into buying the training facilities, stud farms and hundreds of high-quality racehorses which make up Patinack Farm. 
Sale contracts have been exchanged and the transaction will be completed in the coming weeks.
Tinkler said he was “extremely pleased” with the sale and described the consortium as “an ambitious group” who will “continue to build” on Patinack Farm’s foundations.
“I am also satisfied that the investment I have made into the Patinack Farm facilities and bloodlines will continue and that Patinack staff will be offered employment,” Tinkler said in a statement.
Tinkler said he sold up as he now resides overseas and his focus is on the Tinkler Group’s “core operations” in resources and mining.
“The sale will allow further capital to be used in the development of our existing operations” Tinkler said.
He needs the cash after <a href="https://www.smartcompany.com.au/growth/41939-tinkler-back-in-the-game-after-queensland-coal-mine-purchase?utm_source=SmartCompany&amp;utm_campaign=ada43c65e9-Wednesday_14_May_201414_05_2014&amp;utm_medium=email&amp;utm_term=0_234118efee-ada43c65e9-93974049">re-entering the coal market last week</a> with a $150 million purchase of Peabody Energy’s Wilkie Creek mine in Queensland.
Daniel Kenny, chief executive officer of Cibola Capital, said in a statement the consortium was excited about growing the business by investing in breeding and racing across Australia and internationally.
“We are planning to expand the current operation offering a mixture of proven and new stallions for every breeder in Australia,” Kenny said.
“In a short space of time, Nathan has created and built Patinack Farm into one of the leading equine operations, with exceptional facilities and the ability to produce Group 1 winners.”
Patinack Farm is made up of three major properties including a 3300 acre breeding facility at Sandy Hollow in the NSW Hunter Valley, a 1000 acre training facility and stud at Canungra on the Gold Coast and 950 acres of undeveloped horse country at Monegeetta, Victoria close to the racecourses of Melbourne.
It currently has bloodstock of close to 600 horses.
This article first appeared on <a href="https://www.smartcompany.com.au/" target="_blank">SmartCompany</a>.
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cwaters-YrtBR88nBe

Tinkler finally forced to sell his horse racing empire

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Caravan parks appear to be attracting a lot of attention in New South Wales’ far north coast area of Tweed Head.
Ray White Commercial notes that Tweet Heritage Caravan Park at Chinderah (pictured above) sold for $6.08 million.
Sam Johnson of Ray White Commercial said that it was a once in a lifetime option to acquire the fully operational business set up on a substantial parcel of land.
“We had 76 enquiries during the marketing campaign and 15 offers to purchase were received. Caravan parks and manufactured housing estates are playing an increasingly important role in meeting the housing requirements of the ageing population in Australia,” he said.
Institutional investors and “cashed up private investors” are looking at this sector of the market, he said.
This most recent sale followed two other similar sales totaling more than $12 million. One of these sales was the adjoining Chinderah Lakes Caravan Park at 182-184 Chinderah Bay Drive, Chinderah. This site cost just under $4 million and sold to the same Sydney-based private fund.
The Royal Pacific Tourist Retreat and Caravan Park in Chinderah was also recently bought for $2.5 million.
THE PROPERTY
<ul>
<li>Vendor: Tweed Heritage Park Pty Ltd</li>
<li>Type: Caravan park</li>
<li>Details: 147 caravan sites, two large four-bedroom residences, manager’s office.</li>
<li>Income potential (gross): $1 million</li>
<li>Offers: 76 enquiries, 15 offers to purchase</li>
<li>Size: 40,100 square metres</li>
<li>Address: 186-202 Chinderah Bay Drive, Chinderah</li>
<li>Bought by: Sydney-based private fund</li>
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jduke-EHk3XBmHkn

Three caravan parks sold in Tweed Heads region

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Thoroughbred horse enthusiasts, who missed out on buying their preferred pony at this week’s Inglis Easter Yearling Sale, could invest in a stud farm instead. 
This week our property contrarians, Jonathan Chancellor and Margie Blok, discuss recent sales and new property listings in the equine world.  
<ul>
<li>Tyreel Stud, a magnificent thoroughbred complex at Agnes Banks, traded for $5.85 million in February through Jamie Inglis of Inglis Rural Property. </li>
</ul>
In a premium position on the banks of the Hawkesbury/Nepean River and near Richmond at the foot of the Blue Mountains, the 41-hectare property has extensive equine facilities including 12 large paddocks, 20 day yards, 3 barns, 25 stables, wash bays, feed rooms, a veterinarian room, lunging area and horse walker workshop. 
Also on the estate are a stately circa 1880 main homestead with beautiful views to the Blue Mountains, a manager’s residence, staff cottages and workman’s residence. With an abundance of water including a 163 Mega litre water licence, the entire stud farm is fully irrigated and virtually drought proof.
<ul>
<li>Last month Cadman Lodge, at Mount Hunter near Narrellan on the outskirts of Sydney, sold for $3.05 million through McGrath Camden agents Luke Manion and Anna Younan. Situated one hour’s drive west of Sydney, the 41-hectare Spring Creek Road estate is close to Camden and Menangle. </li>
</ul>
Cadman Lodge’s  tree-lined driveway leading to an impressive main stable complex (with 19 stables), a horse arena, six day yards, a 600-metre horse training track and two substantial modern residences including a grand five-bedroom homestead set in established gardens with a 12-metre swimming pool.
Considering a yearling colt (by Street Cry out of Star on High) sold for $1.5 million at the Inglis sale on Wednesday, the price of Cadman Lodge seems small biscuits. 
<ul>
<li>Also close to Sydney is Boscobel Stud, the historic Southern Highlands thoroughbred farm listed for sale through Bowral agent, Ian Rayner. </li>
</ul>
Occupying 48.5 hectares on Exeter Road at Sutton Forest, Boscobel has significant horse infrastructure including nine horse boxes, a tack room, stallion shed, hayshed, silo and shelter sheds. 
A feature of the property is its grand two-storey circa 1870s homestead with six bedrooms, beautiful formal living rooms and magnificent original period features including 3.6 metre high ceilings, cedar joinery and a cedar staircase. 
Boscobel last traded for $5.5 million in 2007 when Steven Hallis bought it from Richard Turnley. During the 1960s, when Boscobel was owned by Keith Probert, the property stood a number of prominent sires including triple Derby winner Royal Sovereign. Among superior thoroughbreds raised at Boscobel was Tierce, winner of the 1991 Golden Slipper. 
<ul>
<li>
In Victoria, Yallambee Stud is listed for sale through Mark Webster and Jamie Inglis of Inglis Rural Property. One of Victoria’s oldest and most successful thoroughbred stud farms, it occupies 137.5 hectares on Mt Eliza Road at Kerrie.
</li>
</ul>
A first class breeding and spelling operation, Yallambee Stud is a highly competitive player in the Victorian breeding industry. It produces exceptional yearlings, and consistently rates in the top five vendors at the Melbourne Sales. Among the notable racehorses raised at Yallambee Stud are Testafiable, Vintedge, Vormista, Rostova and Rock Kingdom.
Featuring expansive grounds with beautiful deciduous trees, the property has 10 super-size stables, steel barns (with 28 boxes), six foaling boxes, a horse parade, sand yard, an eight-horse walker, numerous large paddocks, sheds, barns, feed rooms, a veterinary complex, a recently built homestead and two staff cottages.
Occupying ideal country for equine operations, Yallambee Stud has been designed to suit thoroughbred breeding, rearing youngsters and racehorse spelling. Apart from its extensive infrastructure, magnificent views, lush paddocks and beautiful deciduous trees planted by the Woodward family, this well established thoroughbred property appeals to me due to the convenience of its location, just 50 kilometres from Melbourne city centre and 30 minutes drive from Tullamarine Airport.
<ul>
<li>
There is also Northwood Farm, a stud surely for the making given it's in Victoria’s thoroughbred horse breeding heartland with the key appeal of a direct frontage to the Goulburn River at Northwood. The 55 hectare Northwood Farm at 60 Johnsons Lane has been listed for May 24 auction through agent Bart O'Sullivan at Pat Rice &amp; Hawkins with expectations around $2 million.
</li>
</ul>
Northwood Farm, which has been a cattle grazing property, has its immediate neighbour, Eliza Park Northwood one of the breeding properties of the Eliza Park group owned by Hong Kong based Sun International while just a short distance away is Darley Stud that has recently undergone a major development by the Al Maktoum family, the ruling family of Dubai.
A little further north on the same side of Northwood Road are to be found the further acclaimed thoroughbred studs and breeding farms including Yarran and the major Swettenham Stud.
Its impressive stone and timber homestead was designed by French architect Claudine Dublier with granite stone sourced locally from Oak Valley in the nearby Strathbogie Ranges for the vendors Tony and Cathy Blazey who selected the land when it was just vacant farm land in 2000. 
<ul>
<li>
Bhima Stud, at Scone in the Upper Hunter Valley, is for sale at $5.8 million <a href="https://www.maccalluminglis.com.au/properties.php?id=5800662" target="_blank">through Michael Burke of MacCallum Inglis</a>.  A prominent thoroughbred breeding farm, Bhima was developed into a renowned horse property after World War II by Vivian Bath. 
</li>
</ul>
On the town’s outskirts, and conveniently situated near Scone Race Club, Scone Vet surgery and Scone Air Strip, Bhima occupies 160.5 hectares of prime Upper Hunter horse country, ranging from extensive alluvial flats to moderate easterly facing basalt slopes - the perfect land mix for breeding and rearing thoroughbred horses. 
Bhima has a full complement of stud improvements including an 18-box stable barn (with central quadrangle and parading pathway), a 10-horse electric horse walker (undercover), a covered round yard (with adjacent yards), a six-box vet hospital (with underground heating and elevated night watch office), two vet areas, and two separate three-box stable barns formerly used as stallion boxes.
The property has excellent water with a 400 megalitre irrigation licence from two reliable wells, and frontage to the Kingdon Ponds and Middle Brook.
Its showpiece is an historic circa 1910 homestead with 4.8 metre high pressed metal ceilings, a grand entrance hallway, four bedrooms, gracious living and dining rooms and a separate guest quarters. Other improvements include weatherboard manager’s house, a three-bedroom Hardiplank home and transportable quarters for seasonal workers.
HE SAID:<img src="/images/2014/03/28/jc-silhouette-7.jpg" alt="" style="float: right;">
If I were a horse enthusiast, I’d snap up <a href="https://www.prh.com.au/property-details?listing_id=1333" target="_blank">Northwood Farm</a> (pictured below). Surely the neighbours will be good for more than a cup of sugar once you secure the offering and pop in on the neighbours.
<img src="/images/2014/04/11/PRH%20NORTHEWOOD%20FARM.jpg" alt="">
<img src="/images/2014/03/28/mb-silhouette-6.jpg" alt="" style="float: left;">SHE SAID: 
With a proven track record for breeding top quality bloodstock, it’s Bhima (pictured below) for me.
When it comes to thoroughbreds, I’m a traditionalist with a soft spot for the Upper Hunter which has developed into a mature and internationally acclaimed thoroughbred breeding region, since I first visited Bhima during the early 1970s when Vivian Bath stood the stallion, Biscay – sire of Bletchingly whose progeny include Kingston Town (named Australia’s champion racehorse in 1980), Emancipation and Canny Lad who sired the celebrated broodmare, Shantha’s Choice, dam of leading sires Redoute's Choice and Manhattan Rain.
Apart from its suitability for thoroughbreds, Bhima’s history appeals to me. It had been a dairy, tobacco farm and cattle property before the World War II, and during the war years it was used as an internment camp before Vivian Bath developed it as a horse property which has also been in wise hands of late, the White family.
<img src="/images/2014/04/11/scone_0002_3.jpg.jpg" alt="">
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Giddyup: Thoroughbred stud farm sales and listings in the equine world

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A Village Cinema building in Geelong and another in Albury have been listed for sale with expectations of $14 million each.
The 11 screen cinema offering at 194-204 Ryrie Street in Geelong is the refurbished art deco Geelong Theatre, operating as Village Cinemas. 
It is being marketed by CBRE’s Justin Clarkson and Jamus Campbell with the Albury Village Cinemas, a large scale cinema and retail complex at 450-460 Dean Street. The Albury building (pictured above) was originally constructed in 1926.
Clarkson noted the stable investment opportunity presented by both properties.
“With long term leases attached, these two assets provide an attractive opportunity to acquire secure income streams underpinned by profitable businesses in two established and growing regional cities,” said Clarkson.
“These iconic buildings also benefit from a central location in the heart of their respective retail and commercial centres.”
Clarkson expects that strong yields and rental growth will drive demand for the buildings. Currently the Albury property is returning $1,374,829 per annum in rental income, setting rental yield at 9%. The Geelong cinema brings in $1,214,981 each year, with a yield about 8.5%.
“Both leases have generous annual built-in rental growth provisions throughout their respective terms, providing an annual additional uplift in returns,” Clarkson said.
The properties are being offered for sale separately or together via an expressions of interest campaign until 8 May.
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jrichardson-uRX5hFdKfN

Double pass: Two Village Cinemas hit the market

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Mirvac, Cedar Woods and WA-based Satterley Property Group have been pinpointed as short-listed prospects to develop the Kingswood Golf Course site in Dingley Village in Melbourne’s south-east.
The 53.4-hectare site <a href="/expert-insights/investing/32726-mirvac-keen-to-buy-dingley-s-kingswood-golf-course" target="_blank">has a capacity for about 700 dwellings</a>.
The Australian Financial Review puts its likely sale price as close to $100 million.
The sale is being handled by Ernst &amp; Young.
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Kingswood Golf Course sale edges closer to the pin

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Mirvac has confirmed it is among the bidders for the Kingswood Golf Course site in Dingley Village in Melbourne’s south-east. 
The 53.4-hectare site has the capacity for about 700 dwellings.
The Australian Financial Review says it is expected to sell for about $100 million. 
The sale is being handled by EY for the Peninsula-Kingswood Country Club.
The 105 year old Dingley club merged with Peninsula Golf Club to ensure its financial viability last year, and a decision was made to sell off the Dingley course by the members of the private golf club where 63% of their members voted in favour.
Locals have produced a 20-page book, Kingswood: The Central Park in Dingley Village, covering the loss of the amenity and the possible environmental and social impacts of any housing redevelopment.
The club is currently reviewing the expressions of interest, general manager Heath Wilson said.
Picture courtesy of Facebook. 
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Mirvac keen to buy Dingley's Kingswood golf course

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The Gold Coast is set to host the 2018 Commonwealth Games, which will see a surge in infrastructure and investment spend. Such is the spend that it <a href="https://www.urban.com.au/news/qld/22291-ytc-wednesday-may-1-flicker-gold-coast&amp;sa=U&amp;ei=E2eeU5jMHIexuATP4YC4DA&amp;ved=0CA4QFjAE&amp;client=internal-uds-cse&amp;usg=AFQjCNHsH65e7Zse1BRIrsw8JS1IeoQ4cw" target="_blank">has had reports predicting a house price bounce since 2013</a>.
The spend, however, also includes a $55 million outlay on a velodrome.
This one is to be designed by Brisbane-based Cox Rayner architect, a project that Deputy Premier and Minister for State Development, Infrastructure and Planning Jeff Seeney announced would keep dollars in the local economy.
“The design and construction of these facilities will provide a lasting legacy for Queenslanders to enjoy long after the Games is over, proving that we have a strong plan for a brighter future for the State,” said Seeney.
“The Games will inject an estimated $2 billion into our economy and create up to 30,000 full time equivalent jobs.”
It is to be built at the Sleeman Sports Complex near the SuperX BMX track, with the aims of making the area a “cycling mecca”.
<img src="/images/2014/06/18/gold-coast-june-18-two.jpg" alt="">
Cox Rayner Architects submitted plans and scored highly due to capability, experience, comparative cost and knowledge of the sports complex.
“The firm’s winning design capitalises on south-east Queensland’s sub-tropical climate and conservation surrounds,” he said.
“Its streamlined roof design will overcome the weather limitations of the existing outdoor velodrome, which was built for the 1982 Brisbane Commonwealth Games.”
A timber track will also be built, where the previous velodrome’s was concrete.
<img src="/images/2014/06/18/gold-coast-june-18-three.jpg" alt="">
In total 17 new and refurbished venues are expected for the games, with the Velodrome to be one of two in Brisbane. Belmont Shooting Range will also be in Brisbane.
The velodrome will include a café and improved green spaces.
The <a href="/expert-insights/buying/29591-gold-coast-commonwealth-games-village-urban-renewal-project-underway" target="_blank">Gold Coast's Games Village urban renewal project is already underway</a>.
It remains to be seen <a href="/expert-insights/investing/29954-gold-coast-commonwealth-games-positive-for-property-market" target="_blank">whether the Gold Coast will ride the wave of the games' momentum</a>.
Images supplied.
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