Riptide Campaign

New land acquisition

Subsequent to the end of 2006 financial year we took the initiative of acquiring the property, formerly Riptide Motel, adjoining Cottage by the Sea and have since sold part of the land, with the remainder secured for the benefit of children of families in need attending Cottage by the Sea for generations to come. (Aerial view below)

The Cottage beachfront subdivision land was auctioned on Sunday 4 March 2007 and sold for $2,025 million. We are extremely pleased and excited that this visionary action by the Board has meant that the Cottage is able to run more camps, with more facilities and resources for more children, initially up to an additional 200 needy children each year, with the potential to take more with further long term planning and development.

We purchased the land for $3.4m and, as mentioned, sold the beachfront section for $2.025m. By utilising our previous fundraising savings - once settled this will leave us with a very manageable debt for a relatively short period of time.

We are all very excited about what we can do with the existing building (old Riptide Motel home) and are busy planning further upgrades and potential program usage initiatives as we speak.