157-159 Swanston Street, Melbourne
AU - Melbourne, APAC
500 m²
Asset Description
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.
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Attributes
Building area gross
1,610 m²
Occupancy
20.00%
Year built
2002
Media
Investment Highlights
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).
Contact brokers
90-96 Jonson Street (0 Properties)
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Last updated
25 Oct 2023
