Address available on request,
Chirnside Park, VIC 3116

For Sale by Expressions of Interest closing Friday 17th September, 2010.

Expressions of Interest are invited for either or both of the following assets:

1. The Golf related assets of Yarra Valley Golf Pty Ltd (Receivers & Managers appointed) including the shares in Heritage Golf & Country Club Pty Ltd as described in Item 1 below; and/or

2. The assets of Glenbelle Pty Ltd (Receivers & Managers appointed) being the Management Lot and the Retreat of the Sebel Heritage Yarra Valley, as described in Item 2 below.

Item 1
Shares in Heritage Golf & Country Club Pty Ltd ("HGCC")
• 1,442 members plus approximately 300 unsold memberships

St John Golf Course (subject to Lease to HGCC):
• Jack Nicklaus Signature parklands style Championship Golf Course

Henley Golf Course
• Memorable links layout designed by Tony Cashmore in consultation with Nicklaus Design

Club House / Pro Shop / Function Facilities
• Well appointed clubhouse with expansive panoramic views over the St John Course plus all furniture, plant and equipment

Item 2
The Sebel Heritage Conference & Function Centre
• An award winning facility with 6 multi use meeting and conference rooms, The Bella Restaurant & Lodge Bar, extensive kitchen and store area

Health Resort & Spa Facility
• Unique facility with two tennis courts, 3 lane 20m pool, gym, Mii Spa, cafÃ& amp;#131;© & bar

For further information please contact:

Michael Hede 0418 670 499
Ken Smirk 0403 064 987