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The restaurant and bar, which also houses backpacker accommodation, is located on Byron s popular Johnson Street.
The Byron Bay property market has become a hot-spot for rich investors, particularly since the Covid pandemic hit, with many hoping to buy a slice of Australia s hottest holiday destination.
New venue: According to a new report, the Merivale boss has registered interest in acquiring Byron Bay s Cheeky Monkey s (pictured)
Closed: Cheeky Monkey s closed its doors on March 23 last year amid the global pandemic and has not been open since
Popular: The Byron Bay property market has become a hot-spot for rich investors, particularly since the Covid pandemic hit, with many hoping to buy a slice of Australia s hottest holiday destination
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The Byron Bay property market has recently become a hot spot for deep-pocketed investors hoping to buy up a slice of coastal paradise.
However, there have been several recent instances where investors have been knocked back by local landowners refusing to sell. Mega venue : The site, located on Byron s Johnson St spans 4,128sqm and supports a flexible B2 Local Centre zoning, which allows for a wide range of mixed-use development this includes retail, residential and hotels
Byron battle: It comes months after a handful of rejected offers to buy some of Byron Bay s landmark pubs. Stu Laundy (pictured) and Justin were said to be in a fierce battle to buy the iconic Pacific Hotel in Yamba, close to Byron Bay
125 shares Despite the dizzying dollars on the table, it’s understood negotiations went cold when the Mooneys made it clear by Thursday that despite some too-ing and fro-ing it was decided the pub would remain in the family for the foreseeable future, the publication reported.
The Mooney family boast an impressive property portfolio, which includes The Rails Hotel in Byron Bay and The Pacific Hotel in Yamba.
At war: The rival pub barons were reportedly locked in a bidding war for the 60-year-old pub (pictured) which is currently owned by NRL star Tom Mooney and wife Cathryn, with bids reaching up to $50 million