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Justin Hemmes splurges $70m on a block of land in Byron Bay - as 'mega venue' plans are revealed


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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 ....

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