4/5-7 Byron StreetByron Bay NSW 2481
Property Details for 4/5-7 Byron St, Byron Bay
Last Listing description (October 2024)
David Gordon from Ray White Byron Bay Commercial is pleased to present this well located and affordable entry level retail investment in Byron Bay.
Currently lease in place to APM until 30th June 2025.
Shop 4 is a part of the popular Byron Central complex on Byron Street and home to Byron Central Apartments, as well as benefacting from loads of central parking, great business neighbors and just one hundred metres from Byron's fashion street.
This opportunity would suit an entry level investor or owner occupier who wants to avoid paying thousands in rent.
- Premises size is 48 sqm
- Underground car parking space.
- Net income approx. $23,000 per annum.
For more information or inspections, please contact the exclusive agent David Gordon on 0418 856 222 or david.gordon@raywhite.com.
Property History for 4/5-7 Byron St, Byron Bay, NSW 2481
- 08 Oct 2024Listed for Sale $485,000-$500,000
- 04 Oct 2024Sold
- 01 May 2024Listed for Sale $485,000-$500,000
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About Byron Bay 2481
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 5,944 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:
- The median value for Houses in Byron Bay is $2,423,039 while the median value for Units is $1,273,981.
- Houses have a median rent of $995 while Units have a median rent of $900.
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