LATEST NEWS

 

Petersham RSL Club announce an exciting partnership for a new state of the art club facility

On behalf of the Board of Directors of Petersham RSL Club it gives me great pleasure to share with you the upcoming changes which will take place at your Club.

After seeking an expression of interest, the Board have announced that Deicorp will lead the development of a new Club and surrounding facilities, bringing a refreshing vibrancy to our members and to the community. Deicorp is a well-known and highly respected builder and developer with a 17 year track record of success in the industry. The new plans include a state of the art Club, member’s car park and an integrated residential precinct, promising to deliver outstanding value for members

Petersham RSL Club is dedicated to providing the most up to date facilities for its members and believes this development will not only benefit members, but also the community as a whole by showcasing all the Petersham area has to offer. This is an exciting time for the Club with pre development application architectural plans already lodged with Marrickville Council. The Board are committed to keeping the membership informed as project milestones are achieved.

Danny Fitzgerald, Chief Executive

 

Q&A

Why is the Club undertaking this development?

The Board’s vision is for part of the Club’s lands to be developed into high quality residential dwellings without interrupting the trading and other activities of the Club.

By undertaking this development the Club is intending to diversify its resources of revenue into residential units and not just rely on gaming, liquor and hospitality income. 

How was the decision to build a new Club made?

At the Annual General Meeting held on the 2May 2015 the membership were informed that the Board of the Club were exploring the possibility of developing the Club’s lands in a way that generates greater income for the Club and to build Club premises that are state of the art and responsive to the changing needs of Club members and our community.

The Board conducted a two staged competitive Expression of Interest process, the outcome of which is the selection of Deicorp as the Clubs development partner.

 

What does the Club achieve out of the development? 

The Club’s requirements from Deicorp, our development partner, includes the following:

  An upfront payment of $500,000.00 on execution of a development agreement, this occurred on 22 April 2016;

 Construction and delivery of new Club premises on Trafalgar Street

 Construction and delivery of a car park with a minimum of 150 car parking spaces; and

 The construction and delivery of completed home units with the Club having first right of refusal on all dwellings.

Of course there are other terms and conditions contained in the management development agreement but the above summary gives the key outcomes.

What facilities will the new Club contain?

As a minimum the new Club premises will have 150 car parking spaces for members,  bars and dining areas, TAB, indoor and outdoor gaming areas, an auditorium/function room, children’s area and administrative areas.

What happens next?

            In consultation with the Club Deicorp will prepare a Development Application to be lodged with Marrickville Council. The negotiating, planning and approval process may take six months or more. Members will be updated with progress as key milestones are achieved.

 

 

 
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