Located in the highly desirable South Jonson Street commercial precinct in the heart of Byron Bay's CBD, this property has a 15.24-metre direct frontage on Jonson Street.
The property is located within a split zone with a business zone in the west and a residential zone in the east. Most of the property 803.3 square metres is within the B2 Local Centre Zone under Byron Local Environmental Plan 2014, and the remainder 388 square metres is within the R2 Low-Density Residential Zone.
A proposed Torrens title subdivision to create two lots is due out of Council May 2023
The total land size of this block totals 1,191 sqm.
15.24m frontage to Jonson Street
Total land size 1191 sqm
Rear laneway access from Ruskin Lane
B2 Local Centre Zoning 803.3sqm
R2 Low-Density Residential Zone 388spm
This offering represents a rare development opportunity in one of Australia's most popular lifestyle destinations, Byron Bay.
The south end of Jonson Street has emerged as an upmarket retail, hospitality and entertainment hub. This precinct is also conveniently located near the newly opened Byron Bay bypass and transport hub and is adjacent to the new Jonson Lane residential and commercial development and the proposed Harris Farm site.
The site is a few minutes walk to the popular Woolworths 'Mercato' Complex, the Palace Cinema complex and a range of destination restaurants, cafes and retail outlets. It is also an easy 10-minute walk to the iconic Beach Hotel and the world-famous beaches of Byron Bay.
The astute investor/developer has the opportunity to leverage off more than 2 million tourists annually, in addition to Byron Bay being home to arguably one of Australia's most affluent demographics.
This offering is one of the few remaining sites on Byron Bay's Jonson Street.
The size of Byron Bay is approximately 19.8 square kilometres. It has 13 parks covering nearly 25.3% of total area. The population of Byron Bay in 2011 was 4,958 people. By 2016 the population was 5,517 showing a population growth of 11.3% in the area during that time. The predominant age group in Byron Bay is 20-29 years. Households in Byron Bay are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Byron Bay work in a professional occupation. In 2011, 53.8% of the homes in Byron Bay were owner-occupied compared with 57.3% in 2016.
Byron Bay has 5,940 properties. Over the last 5 years, Houses in Byron Bay have seen a 85.71% increase in median value, while Units have seen a 37.75% increase. As at 31 October 2024:
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