Beachfront, Resort Style Pavilion Home with Extremely High Returns
Located in this prime, north facing beachfront location is this resort style property. The property can be used as your pavilion style home or holiday let for 365 days per year. The property is currently being used as a holiday accommodation with an approximate NET RETURN OF APPROX 7%. Sitting on a 662m2 block within an easy stroll to Byron Bay's main street and a few steps out the back gate to Main Beach. This is one of the highest yield investment properties you will find anywhere in the area.The approximate vacant land value alone for this property is $6m.
Fully fenced with electric gate entry, the 3 deluxe villas and 4th larger villa are freestanding, all have ensuites, private verandas and access to a luxurious pool and outdoor relaxation areas. Located in a quiet cul-de-sac yet so central to everything the Byron lifestyle has on offer.
The property has a history of very strong established income making this blue-chip property one of the highest returns on your investment you will find in this area. This is a very special place to live or an incredible investment opportunity and a “set and forget” investment with proven high returns and strong capital growth. The running of the business requires low output hours by the owner. There is also the possibility to have the property managed by excellent professional managers should you not wish to be involved at all.