Apartments Inn, Byron Bay (Byron Bay Hotel and Apartments)

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Property Id : 30734
Price: 25,700,000 AUD
Rooms: 47
Sold for 25,700,000 AUD Rooms: 47
Price Per Room: 546,809 AUD

The Apartments Inn, Byron Bay assets are being offered for sale individually or in one line, and include:

1. 28 Apartments (comprising a mix of 1, 2 and 3 bedroom units) totalling 43 keys

2. 4 Commercial Lots; utilised and leased as 7 retail tenancies

3. Management Rights and attached Manager’s Residence

The combined investment currently generates a net rental of approximately $2,000,000 per annum, with management in place. The property has a prominent location within Byron Bay, one of the highest profile destinations in Australia. The Byron Shire attracts over one million visitors annually, and is a tourism focal point from both domestic as well as international visitors seeking an alternative lifestyle holiday.

Renowned for its beaches and restaurants, as well as art, yoga and meditation the region is accessible to all travellers, as it is conveniently located close to the major cities, approximately 170km south of Brisbane and approximately 790km north of Sydney.

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