Optimising your club's property assets can pose significant challenges. For clubs seeking to navigate this journey, especially in the intricate landscape of property development, the importance of professional property development advice cannot be overstated.

Poker machine gambling reform in NSW developed as a major issue in the lead-up to the March 2023 NSW state election.

Many clubs these days find themselves in difficult circumstances with financial problems, declining membership and ageing premises.

Walking into their brand new club for the first time is a great experience for the club’s members.

In most cases land earmarked for sale by clubs is more valuable for its contribution to the development potential of the main club site than the value received when the land is sold separately.

Why is it that with all of the partnerships between clubs and developers that have occurred in clubland that you don’t hear of developers getting involved in club operations?

Clubs are in the entertainment business, providing members and the local community with accessible dining, sporting and social options.

Typically, our first engagement with a club is to provide advice. This advice considers factors such as the details of your property, the local market and the planning context.

Clubs are looking to diversify their income, which has only been hastened by the impacts of COVID-19. For many clubs, revenue diversification is part of a bigger picture strategy that includes some element of redeveloping their property.

Like all projects, the start of a club redevelopment is defined by excitement and optimism. The design schemes show brand new and perfectly functioning facilities and partners such as developers make promises of untold wealth.

It’s no secret that COVID-19 has put clubs under significant financial pressure, and so it follows that it’s no surprise to hear about clubs receiving unsolicited offers from developers.

We have written recently about how landowning clubs can use their property to diversify income and create a sustainable future for the club.

Of the 20 development partnerships we are currently advising on, three club redevelopment projects in particular are at important junctures with one just completed, another about to submit a DA and the last close to signing a HoA.

Want a new club? Let’s remove the barriers. A new club, cash in the bank and diversified revenue streams sounds great for any club and is achievable for many through a club redevelopment

We have heard of some recent deals where a developer gained exclusive control of club land through a payment of $200-300,000.

Given our reputation as club development partnership specialists, it may surprise you that a big portion of our time is spent on general club property advisory and strategy implementation.

Have you been approached by developers offering you what sounds like a huge amount of money to develop on your club land?