Land owned by the club and R and R Coffey is being developed in conjunction with Ample Investments Group.

The new development will be called the Mervue Estate.

Ludeman Real Estate agent Mark Dwyer said there would be a total of 47 allotments for sale.

“The lot sizes will range from 762 square metres to 1830 square metres,” he said.

“Most of the block sizes will be around 1000 square metres, which are larger lifestyle allotments.”

Mr Dwyer said stage one would include 21 lots.

The first stage will be for sale early in the new year.

“We think the blocks will be well sought after,” Mr Dwyer said.

“I don’t think there is a development that close to town near the golf course on the market at the moment.”

The golf club originally put the land up for sale via expressions of interest, however it did not sell. 

The club was approached by the Ample Investments Group about eight months ago with a proposal to undertake the development of the land on the club’s behalf in return for a fee/share of the development proceeds.

Ludeman Real Estate is selling the land in conjunction with Warrnambool’s Falk and Co. Real Estate. 

Warrnambool Golf Club president Paul Blain said it planned to reinvest money from the sale of the club’s allotments.

The money will go towards capital works and the clubhouse.

“It is good economically for the club and the community,” Mr Blain said. “It will be a huge benefit for all members.”

Mr Blain said the cash injection would help the club become more sustainable and to grow its membership numbers.

He said there were healthy numbers among the junior ranks, and having professional golfer Marc Leishman home for the summer was creating a buzz around the club.