SOLD
Sold on 21 Aug 2024 for $12,525,000

61 Bayshore Drive
Byron Bay NSW 2481

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 7803m2
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Property Details for 61 Bayshore Dr, Byron Bay

Building Type
Commercial
Land Size
7803m2
Local Government
Byron
Lot/Plan
4/DP243218

Last Listing description (March 2021)

CBRE Hotels are pleased to offer for sale The Sun Hotel in Australias most sought after location and is underpinned by the following investment highlights;

- The Sun has a full hotel licence which is in the Byron Bay Local Government Area (LGA) which is highly sought after and increasingly rare. Other facilities include a full TAB, drive-thru bottle shop and bistro.

- One of Australias most renowned locations with more than 2.2m tourists annually, Byron Bay is known as the ultimate in luxury and lifestyle.
- The Sun occupies a significant 7,653sqm freehold landholding in a tightly held market.
- Located on Byron Bays North Beach the asset is afforded no immediate competition and has a captured market in a significant growth corridor.
- The site offers a broad range of land uses permissible with consent within the B4 Mixed Use Zone (childcare, residential, retail and industrial).
- The hotel has an established history in the local community, an incoming operator will acquire an immediate strong cash flow business with operational upside.

Property History for 61 Bayshore Dr, Byron Bay, NSW 2481

A timeline of how this property has performed in the market
Last Sold
$12,525,000
21 Aug 2024
  • 21 Aug 2024
    Sold for $12,525,000
  • 24 Mar 2021
    Sold for $5,550,000
  • 01 Mar 2021
    Listed for Sale FOR SALE VIA EXPRESSION OF INTEREST
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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.
There are currently 32 properties listed for sale, and 23 properties listed for rent in Byron bay on OnTheHouse. According to CoreLogic's data, 210 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.