- In 2020, the Beach Hotel sold for $104 million
- Site has generous zoning
- Site is intended for services to support the neighbouring Byron Central Hospital
A major land holding that adjoins a public hospital in Byron Bay, one of Australia’s most in-demand regions, has come to market.
Over the past few years, property in Byron Bay has been amongst the hottest in the nation, with major sales such as the local backpacker hostel selling for $18.55 million last year and the nearby Beach Hotel selling for $104 million in 2020.
Although there has been an increase this year, the vacancy rate in the area remains relatively low, according to SQM Research.
The 15 hectare property at 76 Ewingsdale Road adjoins the Byron Central Hospital and features two land parcels – western one is 8.09 hectares, with the other 6.99 hectares. Both parcels are joined by an access easement.
The property has generous zoning – RU2, SP2 and R5 – providing flexibility for potential purchasers.
Tom Barnier, James Crawford and Philip O’Dwyer of Colliers have been appointed with selling the asset and are expecting offers over $30 million.
The land parcel is currently owned by Belbeck Investments, who have owned it for over 30 years.
“This is a strategic and unique opportunity to acquire a significant landholding adjoining the Byron Central Hospital.” Mr Barnier said.
“The property is within Byron Shire’s Business and Industrial Land Strategy and could offer a range of much needed services such as childcare, aged care and healthcare related accommodation.” Mr Crawford said.
“76 Ewingsdale is unique due to its size and location. It could really deliver a wonderful outcome for the locals of Byron Bay” Mr O’Dwyer added.
The property is near the Pacific Motorway and is directly opposite The Farm at Byron. The neighbouring hospital, opened in 2016 by the state government, sees about 20,000 emergency visits every year.
The expressions of interest campaign for the property closes 14 July, 2022.