SOLD
Sold on 17 Jan 2024 for $3,520,000

6 Boronia Place
Byron Bay NSW 2481

Bedrooms: -
Bathrooms: -
Car spaces: 21
Land area: 1350m2
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Property Details for 6 Boronia Pl, Byron Bay

Building Type
Commercial
Land Size
1350m2
Local Government
Byron
Lot/Plan
62/DP261292

Last Listing description (November 2023)

Welcome to 6 Boronia Place, a rare and exciting commercial investment opportunity located within the Byron Bay Arts and Industrial Estate.

This commercial property offers a passive investment for the astute buyer who may want to either land bank property situated in one of Australia's most desired beachside towns or utilise this substantial commercial asset for future business endeavours.


1,320sqm* Prime Commercial Land
710sqm* Internal Floor Area
Zoned IN2 Light Industrial
Fully Tenanted Investment
10x Lease Spaces with 21 Onsite Carparks

IMPROVEMENTS SUMMARY FINANCIALS

Substantial well constructed double storey building
1,320m2 of prime commercial land
Approximately 710sqm of internal floor area
10 x lease spaces / currently all leased by a total of 4 tenants
Including manages residence / furnished apartment

Recent additions
Brand new 40KW Solar system on the roof supplying power to 8 office and one unit downstairs
New Colourbond fence and gate
Note - DA approval for an additional 11 storage units, providing an estimated $35,000/annum

Tenancy Schedule Available upon request:
TOTAL $253,983.84

*approximate figures only

Home to Australia's most easterly point and the iconic Cape Byron lighthouse, the region is known for its spectacular beaches, unique shopping and dining experiences, world-class festivals, and vibrant community spirit.

For sale - Contact agent

For further details please contact Antonio Mercuri, Taneil Simpson or Rudi Scutti

www.gvpropertygroup.com

DISCLAIMER; This report has been prepared by GV Property Group Pty Ltd for the information of potential purchasers to assist them in deciding whether they are sufficiently interested in the property ordered to proceed with further investigation in relation to the property. The information contained in this report does not constitute any o?er or contract of sale; it is provided as a guide only; and has been prepared in good faith and with due care.
Potential purchasers must take note that the ?gures and calculations contained in this report are based upon ?gures provided to us by outside sources and have not been veri?ed by us in any way. We have no belief one-way or the other in relation to the accuracy of such information. Any projections contained in this report represent estimates only and may be based on assumptions that may be incomplete, incorrect or erroneous. Potential purchasers must satisfy themselves in relation to all aspects of the report including development potential and cost; market take up; rent levels; outgoings; and all other matters a prudent purchaser would consider relevant. The Vendor, GV Property Group, or their employees, agents or representatives will not be
liable for any loss or damage resulting from any statement, ?gure, calculation or any other information that a potential purchaser relies upon that is contained in this report or any other marketing material. The property will be traded or sold "as is" and "with all faults", without any representation or warranty as to its condition; ?tness for any particular purpose; or compliance with any relevant law. The Vendor reserves the right, at its sole discretion, to postpone or cancel the proposed trade or sale of the property and to modify or add any terms and conditions to any proposed contract, vendor's statement or other material associated with the proposed sale, which may be made available to a potential purchaser.

Property History for 6 Boronia Pl, Byron Bay, NSW 2481

A timeline of how this property has performed in the market
Last Sold
$3,520,000
17 Jan 2024
  • 17 Jan 2024
    Sold for $3,520,000
  • 16 Aug 2023
    Listed for Sale $3,650,000
  • 02 Feb 2023
    Listed for Sale Contact Agent
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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 6,012 properties. Over the last 5 years, Houses in Byron Bay have seen a 70.78% increase in median value, while Units have seen a 30.66% increase. As at 30 November 2024:

  • The median value for Houses in Byron Bay is $2,477,387 while the median value for Units is $1,193,051.
  • Houses have a median rent of $995 while Units have a median rent of $890.
There are currently 33 properties listed for sale, and 18 properties listed for rent in Byron bay on OnTheHouse. According to CoreLogic's data, 219 properties were sold in the past 12 months in Byron bay.

Suburb Insights for Byron Bay 2481

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.