I have actually been looking at this for the last few days. Its right up my street but not without reservations.
This video is awesome and will get everyone's taste buds going!https://www.youtube.com/watch?v=qcdGXHlqLTQ
Tentatively I am looking at forming a UK Limited company with 400 shares at £2,500 per share, if anyone was interested and if you had 5 shares you have life membership if UK based, I am sure some locals would buy a few. Of course it might get sold very quickly to another and in my research further quirks my spring up.
There are a number of snags, membership fees and incomes are low, the course has poor identity, website, presence. I think the equipment is not great. I don't know what lease agreements are in place or secondary debt, or even the clubhouse situation.
The golf course is the money drain, the clubhouse might squeak out level par. The real key to financial success would be the expansion of the holiday accommodation with possibly new lodges. From looking at planning history over the last 10 years Moray council would appear to encourage the sort of development that would be wanted.
Primarily the golf course needs to be better to hit that £60 green fee market and fit in with being part of the circuit golfers want to play, perhaps longer and from google earth the course could easily have simple back tee extensions on at least 9 holes. the 13th is a bit rubbish but could be extended to a 400 yard par 4 taking advantage of the sea view and 15 I would realign again for the same reasons. With tee extensions at 2-3-5-6-7-9-10-11-12-14; That could take the course close to 7000 yards from the very back tees. The course length would hardly alter for normal play. That might seem unrequired to GCA opinion but it is part of the factoring for getting volumes of stay and play visitors. Would be interested to here anyone else's 'google earth' thoughts.
I don't know anything about the shingle and the problems that might be, there appears no irrigation system. Erosion of course is another unknown. A key point to always bear in mind is the distances between travelling to and from. Edinburgh airport is still over 3 hours away, Dornoch from SB might be nearly 2 hours. The area is rich for golf but linking Brora and further north to this for lodging is a bit of a stretch.
I also think this could be a project Tom Doak might want to get involved in for a %. That would give the whole thing some traction.
As already said some of the best sites are staring us in the face, Spey Bay has already got over the huge hurdles of planning law. This is a good head start.
Early Days...I have interest in 160 shares already.