Frequently asked questions

Straight answers to the questions we’re hearing most. We add to this page as new questions come in — so if yours isn’t here, please send it through.

Are you the owner of Big Splash?: No. We are a lender, not the owner or operator. Like a bank that lends against a home, we provided finance to the site's owner with the property as security. We have never owned or run the water park.
Did the government or the previous owner pay to make the site safe?: No. After we took possession, we funded the safety works ourselves — close to $400,000 covering new fencing, rubbish removal, pumping the main pool, cleaning and professional fees. The money we lend comes from the savings of ordinary Australians, so protecting the site also protects those investments.
Why did you take over the site?: The borrower defaulted on the loan. We kept working with them and took possession only after every reasonable alternative had been exhausted. By that time the park was already closed and the site had deteriorated — vandalised amenities, damaged fencing, rubbish and other safety issues.
Why is the site being sold?: The site is now under the control of the first mortgagee (the lender). As the lender — not a pool operator — our role is to sell the site as a going concern to recover the investment made to date, which is owed to the ordinary Australians whose savings we lend.
Will the site be demolished or redeveloped?: No. The site is now listed for sale as is. The slides and existing buildings will not be demolished, and there are no redevelopment plans associated with the site or its sale.
Does the existing lease still apply to a new owner?: Yes. The current lease obligations will apply to any purchaser.
Who is responsible for the site?: The site is under the control of the first mortgagee (the lender), which took possession after the borrower defaulted. All enquiries — about the site, the sale or anything else — are directed to the appointed selling agent, Colliers.
I'm interested in buying or operating the facility. How do I take part?: The site is now listed for sale, with listings live on all major property portals. The sale is handled by the appointed selling agent, Colliers — you can view the listings and agent contact details on the Sale page, or register your interest via the Contact page.
Can I get a price guide for the sale?: There is no price guide available for the sale at this stage. Sale enquiries will be handled by the appointed selling agent.