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Sold on 31 Jul 2020

THE BOWER BYRON BAY/28-30 Bangalow Road Byron Bay NSW 2481

  • Hotel, Motel, Pub & Leisure
  • 4,495 m²
  • Sold

THE BOWER BYRON BAY

  • Near new luxury boutique hotel
  • Highly profitable business operation
  • Byron Bay to lead tourism recovery

CBRE Hotels have been retained exclusively to market one of Australia's hottest new hotels - The Bower Byron Bay.

Byron Bay will lead Australia's tourism recovery.

Key investment highlights:
- New 5.0-star luxury boutique hotel
- 4,495sqm freehold site
- No CAPEX required + substantial depreciation benefits
- A highly successful business operation with operational simplicity, essentially a rooms department only, given the limited amenities/facilities the hotel is able to deliver exceptional profit margins.
- Byron Bay is known as a wellness & health destination, and was one of the last markets in Australia to see hotel occupancies fall, and will be one of the first to recover, being a highly sought after
domestic destination.

EXPRESSION OF INTEREST

Closing date and time25/06/2020 13:00
Recipient nameAsk Agent
Delivery addressFOR SALE BY EOI

Property Highlights

Property ID2016069925
Date Sold31 Jul 2020
Floor Area4,495 m²
Land Area4,495 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  7 Aug 2020
Map for THE BOWER BYRON BAY/28-30 Bangalow Road Byron Bay NSW 2481
Map for THE BOWER BYRON BAY/28-30 Bangalow Road Byron Bay NSW 2481THE BOWER BYRON BAY/28-30 Bangalow Road Byron Bay NSW 2481
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Property Highlights

Property ID2016069925
Date Sold31 Jul 2020
Floor Area4,495 m²
Land Area4,495 m²
ParkingOn site parking available
Building TypeWhole building
Category
Last updated  7 Aug 2020
CBRE Hotels
Level 21 363 George Street Sydney NSW 2000

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