92-94 Centennial Circuit, Byron Bay, NSW, 2481, AU

HIVE, Byron Bay

Asset Description

JLL is pleased to offer For Sale, HIVE – a truly unique opportunity to acquire Byron Bay’s first and only, mixed-use marketplace precinct. Situated in the heart of Byron Bay’s Centennial Circuit – adjacent to the bustling Stone & Wood Brewery and Kool Beanz Academy Childcare Centre.

A striking, architecturally designed building over two levels, HIVE provides an ideal location for tenants to thrive within the highly-sought after western corridor. The asset provides an incoming owner an opportunity to maximise returns via a strategic leasing campaign with the defensive benefit of a two year rental guarantee across the current vacancies.

With Byron Bay experiencing unprecedented tourism and residential growth, coupled with never seen before interstate migration, HIVE offers a generational offering to own and operate a world-class mixed-use marketplace precinct.

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Attributes

Building area Gross

15,567 sf

Occupancy

100.00%

Year built

2020

Media

Investment Highlights

First retail marketplace investment opportunity of scale to be offered to the market since Byron Bay’s transformation from small coastal town, into Australia’s most premier coastal catchment.
Situated within Byron Bay’s western growth corridor, the precinct surrounding HIVE is set for unprecedented retail expenditure growth – with the surrounding catchment set for rapid urbanisation.
Residing in one of Australia’s premier retail precincts, complemented by high quality surrounding retailers, such as Stone & Wood Brewery, St Agni, Stich and Hide, Nagnata, McTavish & Epokhe.
Home to one of Australia’s most expensive median housing prices and a captured, affluent demographic fuelled by strong domestic travel and interstate migration.
Rare opportunity to capitalise on the booming Byron Bay economy, experiencing record residential growth and high retail demand, with an impressive tourist visitation rate of 2.31m* per annum.
Current Net Passing income of $550,000 net per annum with an attractive 3.8 -year WALE and favourable lease structures

*Approximately

For Sale by way of Expressions of Interest closing Thursday the 15^th of September 2022 at 4pm (AEST)