Jade Properties BUYS THE ICONIC KOORALBYN RESORT

JHC Subsidiary has bought the Kooralbyn Resort from the receiver and the contract has gone unconditional from 31 October 2013.

November 1, 2013 by Jade Properties

Jade Properties Subsidiary has bought the Kooralbyn Resort from the receiver and the contract has gone unconditional from 31 October 2013.

The previous 5-star resort sits on 333 hectares of future urban land in the Gold Coast Hinterland boasting a 100 room hotel built by the Japanese in 1991 and 36 lodges built by the original owner Sydney Knights: Sir Peter Abeles and Sir Arthur George in 1973. It also has one of the best golf courses in Australia, a private airport, a polo field, an equestrian field, and an international school.

The polo field was the richest Australian Kerry Packer’s favorite playground. World no. 1 Cathy Freeman and world no. 2 Adam Scott as well as Jason Day etc all graduated from the school and it’s the only school in Australia that produced 2 Young Australian of the year: Olympian Cathy Freeman and scientist Scott Hocknull.

The property also has great future development potential including a 423 lot golf frontage subdivision. The resort is one of the only few resorts in Australia enjoying the integrated resort status (ITR) where any foreign person can buy the established home there, instead of having to buy only brand new properties.