DENILIQUIN PASTORAL TIMES
31 May 2023
The popular Capri Waters resort located on prime land on Melbourne Street, Mulwala is up for sale.
Established back in 1975 as a timeshare resort the ‘Capri Waters Country Club’ three storey residential waterfront property boasts 22 self contained units (10 one bedroom and 12 two bedroom) on a single title.
The resort also offers an array of amenities, including a swimming pool, half court tennis, mini-golf course, boat harbour with 10 boat moorings, under cover parking and much more.
The prime waterfront complex sits on 3162 m2 of land with every unit boasting one car space. The property has a tenure leasehold until to October 31, 2088 (65 years) and is being sold due to the winding up of the timeshare club.
For decades the resort’s prime location has offered guests breathtaking lagoon and lake views and has easy access to many attractions and activities in the area.
Prospective buyers have endless opportunities to explore, as the resort is being sold with the potential for multiple options.
Capri Waters boasts 22 waterfront units on a single title offering an array of amenities including a boat harbour.
Avanti Commercial has been appointed as the exclusive agent to sell the renowned Capri Waters Country Club.
Avanti Commercial Managing Director Lachlan Harris said the property has already attracted strong interest since it was listed almost two weeks ago.
There has been strong interest in the resort since it was listed for sale recently.
“There has been a broad range of enquiries, from wealthy families to large hotel groups,” Mr Harris said.
“We have received strong interest from Melbourne and also regionally from local based groups who have existing accommodation businesses.”
Mr Harris said interested developers are also exploring the ability to revamp the apartments with the view of possibly allocating strata titles to each unit, and then selling them separately subject to council approval .
Avanti Commercial’s Expression of Interest campaign for the resort’s sale closes 4pm on June 22, 2023.