Cape Wickham golf course has been snapped up to the tune of $16 million.
The Australian Financial Review has reported that Cape Wickham Golf Links has been purchased by a mystery Vietnam based investor for almost $16million.
Course developer and founder Duncan Andrews put the course up for sale earlier this year after establishing the world class golf course and declining to be involved in any further resort and hospitality development for the site.
It was put up for sale by Australian Ratings (now Standard & Poor’s Australia) founder and property developer Duncan Andrews in February.
The buyer is a company called Cape Wickham Golf Links Pty Ltd, wholly owned by Ekaterina Kolmakova from Hanoi in Vietnam. The sole director of the company is Sydney-based Richard Nebauer.
Cape Wickham was designed by American Mike DeVries with input for Australian golf writer Darius Oliver and opened in October 2015 to rave reviews. Golf Digest ranked it as the 24th best golf course in the world in 2016 and it jumped into the top-5 for both Golf Australia and Australian Golf Digest magazine’s Best Golf Courses in Australia.