JLL & CBRE are pleased to present for sale, 90-96 Jonson Street, Byron Bay – one of Byron Bay’s few remaining development sites of scale.
Investment Highlights
We outline the key investment highlights below:
PROMINENTLY POSITIONED
Situated in the heart of Byron Bay’s retail precinct on a 5,390* square metre allotment, with over 76* metres of exposure to Jonson Street.
DEVELOPMENT POTENTIAL
The site is classified under the ‘E1 Local’ Centre’ zone, providing the potential for a range of development outcomes.
APPROVED DEVELOPMENT SCHEME
Comprising a three (3) storey mixed use retail/residential development, including 50* apartments over ground floor retail and basement parking.
DOMINANT TOURISM GROWTH
Byron Bay reported over 2 million^ domestic and international tourists in 2022 with over $883^ million in annual visitor expenditure, growing at a consistent 9.49%^ p.a since 2008 - a key driver in the sustained local economic growth.
HOLDING INCOME
The property benefits from passing income, providing owners with initial holding income.
*Approximately
^ Source: Byron Shire Council & ABS
The opportunity is being offered for sale by way of an Expressions of Interest campaign closing Thursday the 19th October at 4pm (AEST).
Remember to mention you found this property on DevelopmentReady
