Asking Price Contact for pricing
Area Size
NOI Net Operating Income N/A
NIY N/A

Attributes

Year Built 2020
Building Area Gross
Occupancy 100.0 %

Asset Description

JLL is pleased to offer For Sale, HIVE – a truly unique opportunity to acquire Byron Bay’s first and only, mixed-use marketplace precinct. Situated in the heart of Byron Bay’s Centennial Circuit – adjacent to the bustling Stone & Wood Brewery and Kool Beanz Academy Childcare Centre.


A striking, architecturally designed building over two levels, HIVE provides an ideal location for tenants to thrive within the highly-sought after western corridor. The asset provides an incoming owner an opportunity to maximise returns via a strategic leasing campaign with the defensive benefit of a two year rental guarantee across the current vacancies.


With Byron Bay experiencing unprecedented tourism and residential growth, coupled with never seen before interstate migration, HIVE offers a generational offering to own and operate a world-class mixed-use marketplace precinct. 

Investment Highlights

  • First retail marketplace investment opportunity of scale to be offered to the market since Byron Bay’s transformation from small coastal town, into Australia’s most premier coastal catchment.
  • Situated within Byron Bay’s western growth corridor, the precinct surrounding HIVE is set for unprecedented retail expenditure growth – with the surrounding catchment set for rapid urbanisation.
  • Residing in one of Australia’s premier retail precincts, complemented by high quality surrounding retailers, such as Stone & Wood Brewery, St Agni, Stich and Hide, Nagnata, McTavish & Epokhe.
  • Home to one of Australia’s most expensive median housing prices and a captured, affluent demographic fuelled by strong domestic travel and interstate migration.
  • Rare opportunity to capitalise on the booming Byron Bay economy, experiencing record residential growth and high retail demand, with an impressive tourist visitation rate of 2.31m* per annum.
  • Current Net Passing income of $550,000 net per annum with an attractive 3.8 -year WALE and favourable lease structures 

*Approximately


For Sale by way of Expressions of Interest closing Thursday the 15th of September 2022 at 4pm (AEST) 

Last Updated Date: 23 Aug 2022

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Last Updated Date: 23 Aug 2022

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