Macquarie Water Park, a beloved summer destination in Canberra, has been put up for sale with a target reopening date of 2026. The park, which has been closed since 2020 due to the COVID-19 pandemic and subsequent maintenance issues, is being marketed by commercial real estate agency Burgess Rawson. The sale includes the 4.5-hectare site located on Athllon Drive in Greenway, featuring multiple water slides, a wave pool, and a lazy river.
Sale Details and Asking Price
The water park is being sold via an expression of interest campaign, with the price guide set at $5 million to $7 million. The property is zoned for tourism and recreation, allowing for a range of potential uses. According to the listing, the site has development approval for a hotel and additional accommodation, making it attractive for investors looking to expand the facility.
Background and Closure
Originally opened in 2010, Macquarie Water Park operated successfully for a decade before closing in 2020. The closure was initially temporary due to pandemic restrictions, but the park never reopened as maintenance costs and deferred repairs accumulated. The ACT government, which owns the land, has been seeking a private operator to take over the lease. The current leaseholder, a consortium of local businesses, decided to sell after failing to secure funding for necessary upgrades.
Plans for Reopening
The new owner will be required to invest in significant renovations to bring the park up to modern standards. The estimated cost of repairs and upgrades is around $10 million, according to industry sources. The reopening is targeted for the 2026 summer season, pending approval of development plans and construction timelines. The sale campaign is expected to attract interest from both local and national leisure operators.
Community Impact
The water park has been a popular family destination, drawing visitors from across the Canberra region. Its closure has been a disappointment for residents, who have expressed hopes for a swift reopening. Local tourism officials have noted the park's potential to boost the area's appeal as a family-friendly destination. The sale presents an opportunity to revitalize the site and create a modern aquatic facility.
Next Steps
Expressions of interest close on 30 June 2025. The successful bidder will be expected to finalize the purchase by the end of 2025, allowing for construction to begin in early 2026. The ACT government has indicated it will support the project through streamlined approval processes, provided the plans align with sustainable tourism goals.
