SUN City Country Club members have voted against the sale of their club to a Yanchep developer.
Yanchep News Online understands that at the same meeting Sun City Country Club (SCCC) members also voted against selling the club to the City of Wanneroo.
On Wednesday, December 11 Yanchep Beach Joint Venture (YBJV) chief executive officer Gin Wah Ang told Yanchep News Online that YBJV had finished doing due diligence with SCCC and that on Thursday, December 5 the majority of club members had voted against selling the club to YBJV.
Mr Ang said YBJV was unable to provide any detail about the offer YBJV made to SCCC.
“Unfortunately due to the confidentiality agreement we are unable to provide information on the proposal,’’ he said.
“However, YBJV obtained an independent valuation and the offer far exceeded that valuation.’’
He said YBJV was disappointed that SCCC members voted against the proposal.
“We were approached by the club to look into a proposal for the purchase.
“YBJV is certainly disappointed as YBJV saw this as an opportunity to add value to a social amenity for the community in Yanchep-Two Rocks.’’
The story Wanneroo looks at buying Sun City golf course reported how on Tuesday, July 23 the City of Wanneroo went behind closed doors to discuss an item titled Acquisition of land in northern suburbs and then before the councillors were due to meet again on Tuesday, July 30 the report was made public online.
The report said the city was considering a City of Wanneroo controlled course option and a second option where the operations were completely outsourced to the SCCC.
Then on July 31 in Sun City already in talks with another buyer Yanchep News Online reported that the city was not the only potential buyer interested in the golf course.
SCCC has been asked to comment on questions including whether members considered some form of partnership arrangement with the City of Wanneroo, whether the decisions were likely to affect the club’s future financial position and if so whether members potentially faced increased fees to protect the club’s financial position.
- This story was originally due for publication on Wednesday, December 11 but was put on hold due to Yanchep News Online’s coverage of the Yanchep bushfire, which started on the same day.