If you’ve been waiting for the perfect Byron Bay business opportunity to come along, this property could be the one for you.
Situated in an ideal location, just a two-minute walk from Jonson Street, the property is set on a huge 2.250 m2 plot. What makes it special is that it’s one of the last DA sites in Byron Bay, and it offers massive potential for development.
Currently, three beach cottages sit on individually titled lots bringing in $200,000 each year. Which is good news, because if you decide to go ahead and develop the land, you’ll have regular income coming in while you finalise your plans.
The current DA approval includes a 2-storey, 16-room, boutique hotel, a day spa with swimming pool, and a restaurant and bar that will be open to the public. An application to modify the plans to allow for 27-rooms and 32 parking spaces is currently with Council.
This is a fantastic opportunity to take full advantage of Byron Bay’s reputation as the wellness capital of Australia. Demand for holiday accommodation will always be high in Byron. That’s because it has so much to offer people who want to kick back and relax in an area of outstanding natural beauty.
This isn’t your everyday property transaction. It’s the perfect investment for someone who wants to create something exceptional in the heart of Byron Bay.
If you’d like to take a look at the existing DA approval or you want to find out more about this unique opportunity.
3 shirley street byron bay
Ed Silk Real Estate