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Share 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 ....
Stu Laundy and Justin Hemmes are said to be in a fierce battle to buy the iconic Pacific Hotel in Yamba, close to the New South Wales coastal town of Byron Bay. According to The Herald Sun, the picturesque cliffside hotel - which hasn t changed hands in over four decades - is reportedly looking for an asking price of close to $50million, and has peaked the interest of both parties. It wouldn t be the first bidding war for the duo, as it s understood the pair recently battled over Chris Hemsworth s local watering hole The Lennox Hotel in nearby Lennox Head. ....