Sell a Golf Course

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Golf Course Preview

Property Description: We are offering a state of the art 18-hole championship golf course designed by a renowned name in the industry and development site on over 250 acres. The course is 6,865 yards from the championship tees, with 3 additional sets of tees available so it appeals to golfers of all levels. We estimate that 23,000 non-member rounds will be played in 2007, with an additional 12,000 member rounds. There are 6 competing courses within 25 miles of the subject property. The median average of rounds played on the 6 courses were 37,250 in 2005. The offering includes a permitted 20,000 sf, 300-seat clubhouse/banquet facility with dramatic views of the course and the Pioneer Valley. There is only one banquet facility that can accommodate 300 people within 15 miles. We estimate 135 events will be held in the first full year of operation. The offering also includes permits for 150 condominiums located on the highest point of land in the area for spectacular views. Recent comparable sales show an absorption rate of 3 to 5 years at a price range of $400,000 to $500,000 per condo. Estimated revenues for the first full year of operation for the golf and banquet business are in excess of $2,000,000. The total build-out value of the residential project is between $60,000,000 and $75,000,000.