212 College RoadKarana Downs QLD 4306
Property Details for 212 College Rd, Karana Downs
Last Listing description (May 2025)
Arguably the Only & the Most Affordable Riverfront 18-hole Golf Course in Australia's Capital Cities.
The business is leased for $127,333 net, with the lessor's retirement development rights remaining separately.
Sitting on 96 Acres or 38.86 Ha with 433m of direct frontage to the wide-open Brisbane River, this beautiful riverfront golf course is a scarce opportunity for you to own the only privately owned freehold golf course in the Brisbane City Council Region + development upside
It boasts one of the best greens and river views in Brisbane & was fondly called "Mini Kooralbyn" for its challenging design, operated by a very passionate and professional tenant.
Most importantly, it is one of Australia's few profitable golf courses, potentially developing up to 147 retirement units or up to 68 retirement villas surrounding the golf course and the clubhouse, complementing the growing golf course membership if to keep the current club house
If to relocate the clubhouse to Tanderra Way for easy access and a better view with a pokie license and underground car parking, the developable land will increase significantly, making the asset even more valuable.
The development land value component alone could be worth around $7m if adapting to the 147 unit design, so you could effectively get this profitable Golf Course and its clubhouse for almost free
In comparison, Indooroopilly Golf Course, nearby, has sold a tiny 2 ha leasehold land to the developer Aura Holdings for around $22,127,000 upfront + future lease payment to develop 168 retirement units over 4-5 levels.
Also, the Brisbane River Golf Course has one of the only restaurants in this large suburb with a bar & bistro, a function room and plenty of dining space for dining, functions and weddings, both indoors and outdoors.
Address: 212 College Road, Karana Downs, QLD 4306
Price: Offers from $7m
Inspect: By Appointment
Contact: Peter Huang 0418 888 889, peter.huang@yong.com.au (Agent Welcome)
Property History for 212 College Rd, Karana Downs, QLD 4306
- 27 Feb 2025Sold for $6,200,000
- 09 Dec 2022Listed for Sale SOLD
- 26 Oct 2019Listed for Sale Offers from $6,000,000
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About Karana Downs 4306
The size of Karana Downs is approximately 7.5 square kilometres. It has 12 parks covering nearly 17.6% of total area. The population of Karana Downs in 2016 was 3862 people. By 2021 the population was 3800 showing a population decline of 1.6% in the area during that time. The predominant age group in Karana Downs is 40-49 years. Households in Karana Downs are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Karana Downs work in a professional occupation.In 2021, 87.10% of the homes in Karana Downs were owner-occupied compared with 84.30% in 2016.
Karana Downs has 1,488 properties. Over the last 5 years, Houses in Karana Downs have seen a 109.76% increase in median value, while Units have seen a 112.44% increase. As at 30 November 2025:
- The median value for Houses in Karana Downs is $1,091,470 while the median value for Units is $691,248.
- Houses have a median rent of $665 while Units have a median rent of $430.
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