A ROW OF beachfront blocks in Byron Bay left empty for almost a decade could sell for more than $40 million.
It’s the last section of private beachfront land to be developed in Byron, where much of the coastline is National Park and Nature Reserve or Coastal Land zones.
The 11 vacant properties last sold for $4 million in 2002, as part of a larger site that was later subdivided into 20 blocks.
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Nine non-beachfront blocks have already been offloaded by the owner – which records show is Kendall Street Developments of which Tony Alford, former chief executive of Gold Coast’s Retail Food Group, is the director and secretary.
The remaining 11, which span a 9708-square-metre site on Belongil Beach, are expected to fetch more than $40 million.
Since the properties hit the market several weeks ago, selling agent Graham Dunn, of Graham Dunn Real Estate Byron Bay, has fielded more than 450 enquiries.
“I’ve been getting smashed,” he said. “It’s my first time I’ve ever seen one vacant house block on this beach, let alone 11 and the interest is huge.”
“[Most interested buyers are] families trying to buy a spot for their ultimate dream home,” he said. “And we’ve had enquires from all parts of the world, New York, London, Dubai and more.”
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Story by The Sydney Morning Herald.