Preliminary agreement signed by Newcastle Golf Club

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The club, which boasts one of the best golf courses in Australia, has signed a preliminary agreement with Principle Living, a joint venture between the McCloy Group and Stevens Group.

Stevens property group director Brett Harrod said the plan included 64 units in two four-storey towers and 80 houses and villas overlooking the course along Nelson Bay Road.

The development, which Mr Harrod labelled “upmarket”, will be the fourth seniors village in Fern Bay.

The golf club’s members voted three years ago to investigate opportunities to redevelop part of the course to shore up its financial future.

The club talked to Woolworths about building a supermarket, but these plans have been abandoned.

The seniors housing will be on land now occupied by the course’s closing holes. The club has drawn up plans for four new holes on vacant land to the north.

Newcastle is regularly rated among the top 20 courses in Australia and is listed with the National Trust.

The housing development is subject to member approval and to rezoning and development approval from Port Stephens Council.

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