Golf Course and Country Club

Price: $725,000

Location: West Atlanta GA

Industry: Golf, Country Club, Wedding, Corporate

Listing ID: 1144

Golf Course and Country Club West Atlanta area
This is an 18–hole, semi-private golf course, and club situated on a 155-acre site.

Golf Course and Country Club West Atlanta area

Timing is Everything!
An offer of $725k will get you a 155-acre Golf and Country Club on the west side of Atlanta GA. The sellers are in a difficult situation so a quick offer and closing would have a value toward a discounted price. There is very good revenue potential with the events venue as well as the golf courseThis is a “fixer-upper” it needs some mostly cosmetic improvements. There is healthy growth in the area with 280+ new houses going up.

This is an 18–hole, semi-private golf course, and club situated on a 155-acre site located within the community of Winston, Douglas County, Georgia. The location is part of the Atlanta MSA. The street address of the clubhouse is 8799 Edinburgh Drive, Winston, Georgia 30187.
The golf course is a 6,629 yard, par 72 layout designed by Ward Northrup, originally developed in 1971. Ancillary improvements consist of the clubhouse, support buildings, swim and tennis, and practice facilities.
Our most probable buyer would be non-institutional looking at direct capitalization methodology only.
Replacement Cost New (Bldg. Improvements Only) $2,690,000 Pleasant environment, upscale clientele, limited seasonality, income.
Investment in golf is still significant, with major renovation projects replacing new construction as the largest source of U.S. golf course development activity. NGF has tracked 986 major golf course renovations completed since 2006, which represented at least $3 billion of total investment. NGF also reports that there is still new course activity and they are tracking 55 (18- HEQ) facilities currently under construction and another 37 in the planning stages.
The outlook for 2017, according to NGF, is generally in line with recent years, with a continued focus on the investment in renovation over new course development. NGF projects approximately 15 to 25 new course openings and 75 to 100 major renovation projects in 2017. In addition, golf course closings are projected to fall in the 150 to 175 range as the natural contraction continues gradually.

Listing Details

Total Sales: $552,936

(Included in Price)

Operation

Year Established: 1971

Location

Facilities Information:

This Club features an 18-hole golf course along with various ancillary improvements and amenities. The golf course is a 6,629 yard, par 72 layout designed by Ward Northrup and it was originally developed in 1971. The golf course follows a traditional/parkland layout in a single and double fairway, returning 9’s configuration. The subject’s vertical improvements

Summary

Competition:

Based on a physical inspection of the subject property and competitive clubs, the subject is an average quality semi-private club. The golf course layout is adequate, providing golfers of all abilities a fair challenge, depending on the tees selected. The subject improvements are commensurate with other middle tier private club facilities in the west metro Atlanta market. Overall, there are no known factors that could be considered to adversely impact the marketability of the improvements other than the condition of the vertical improvements which are considered in fair condition.