Real Estate & Home

Abandoned water park given second chance in mortgagee sale

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Big Splash water park in Canberra, closed since early 2024 and ravaged by vandalism, has been seized by mortgagee and listed for sale as a 13,028sqm repositioning opportunity. The facility presents significant capital investment challenges for developers and operators seeking to revitalize a major recreational asset, constrained by zoning restrictions limiting use to aquatic facilities. Partial reopening featuring the 50-metre pool is targeted for November 2026, with expressions of interest closing July 22.

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