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Heritage Golf Club - receiver appointed!


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#181 Bogiegolf

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Posted 15 November 2011 - 05:54 AM

The club is selling private memberships at A$20,000. If you know of anyone who has an interest in becoming a private member and would like to make a reasonable offer then please have them reply to this thread.

#182 Kiwi

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Posted 15 November 2011 - 06:48 AM

The club is selling private memberships at A$20,000. If you know of anyone who has an interest in becoming a private member and would like to make a reasonable offer then please have them reply to this thread.

no wonder it went broke

#183 ellimb

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Posted 09 December 2011 - 03:51 AM

Bigiegolf. Can you send an email to a potential buyer stating your best price ? There will be lots for sale in 2 years' time. eegnek@hotmail.com

#184 ellimb

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Posted 14 January 2012 - 12:28 AM

Wanting to buy membership at market price. email to eegnek@hotmail.com

#185 ellimb

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Posted 20 April 2012 - 07:37 AM

Can’t build more residential out there as I believe most of the course is built on flood plain.

You’re goin’ home in the back of a divvy van

Hey, the rest of HGCC which includes the conference, dining, etc. has finally been sold. The hotel business is back on top being the second best performer in Mirvac's stable. St. Johns course is back to 85%. Look out for room special for May.

#186 Midlander

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Posted 20 April 2012 - 07:44 AM

How much are the memberships selling for now?

#187 Palmeister

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Posted 22 April 2012 - 04:01 AM

Will be an emu farm in 20 years.

#188 Kiwi

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Posted 22 April 2012 - 05:48 AM

Can’t build more residential out there as I believe most of the course is built on flood plain.

You’re goin’ home in the back of a divvy van

Hey, the rest of HGCC which includes the conference, dining, etc. has finally been sold.

The hotel business is back on top being the second best performer in Mirvac’s stable.

St. Johns course is back to 85%.
Look out for room special for May.

ellimb

room special? cant play golf in a room

#189 Top_Cat

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Posted 22 April 2012 - 08:12 PM

The club is selling private memberships at A$20,000. If you know of anyone who has an interest in becoming a private member and would like to make a reasonable offer then please have them reply to this thread.

no wonder it went broke

“I’m Vince Martin & this is a blunt axe”
Add to that another $20,000 in lost balls

#190 ellimb

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Posted 24 April 2012 - 02:48 AM

Hey Top Cat What happen to ya ? Still travelling o'sea for work ? Have not seen you for months ! Yeah lose av. 2 balls per round ! esp. on par 3, 11th quarry hole, St Johns. Got to use the comp. vouchers mate. Keeps the club afloat and prevent it from becoming an emu farm.

#191 the_Plumber

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Posted 22 November 2012 - 07:09 PM

Hey Elli or anybody in the know. I'm staying out there next week for a conference. mate and I might try and swing a hit one evening. Anybody know if we will be able to get on, maybe through the Sebel is the best bet?

#192 ellimb

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Posted 24 March 2013 - 07:39 AM

They like many other clubs they are in serious financial trouble now.
There operating costs are in excess of there operating income and have always required developer support.

RM has no debt, and no reliance on land sales.
RM also has more than 100 years to learn how to operate its business. To compare Heritage and RM is a bit difficult as they are Two different beasts.

The issue will be with Heritage is how much subsidy the developer is putting in to float the operation and its dependence on land sales.
Given the current circumstances if the the developer was putting in then that will stop, the Administrators will asses the viability of the business and with no support things will change.

You assume Mirvac etc can also raise the money in the current market place, so many developers are struggling to finance new construction let alone buy possible assets that are more mature and not performing.

I wish you luck.

Bump this Golfer239 ! Where are you ? Mirvac have now formalized to purchase Eastern GC land. And have to pay $100 Mill. The Heritage is still around and operating well. So tell us more of what you know.

#193 Tigerblood

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Posted 31 January 2014 - 05:29 PM

Trouble in the air again

Hole In One Eastwood 17th 153 mtrs,  27/12/12


#194 RobNewy

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Posted 01 February 2014 - 07:51 AM

Again or still?!

#195 CaNadiAn MiCk

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Posted 01 February 2014 - 10:39 AM

Again or still?!

http://www.golfindus...receivers-11625


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