This article is from the Australian Property Journal archive
THE Flannery family’s KTQ Group has put the former golf course Belongil Beach site offering 1.1 kilometres of beach frontage on the market.
KTQ Group, which also owns the prominent Elements of Byron Resort, has appointed Pacifico Property’s Christian Sergiacomi and CBRE Hotels’ Wayne Bunz to market the 39.75 hectare North Beach Byron site, which is tipped to fetch around $160 million.
KTQ Group development director Jeremy Holmes said the land is a remarkable piece of the Australian coastline.
“We have been the fortunate caretakers of this site for 12 years. In addition to the cleared portion of the site which was formerly a nine-hole golf course, there is a diverse swathe of protected and restored habitat including dunal, wetland and sclerophyll ecologies.”
“Following the rezoning we’ve been approached by several interested parties looking to buy all or part of the site, prompting us to formally take it to market.” Holmes added.
The property is expected to attract international attention, given Byron Bay has come a playground for billionaires and Hollywood A-listers such as Chris Hemsworth.
CBRE Hotels’ national director Wayne Bunz said the campaign provides the opportunity to purchase an exclusive, secure and private landholding of scale on the stunning Byron Bay coastline.
“It’s surrounded by nature, with no neighbours, and is just a three kilometre walk down the beach to the city centre of Byron Bay,” he said.
Sergiacomi said this is once in a generation opportunity.
“It provides flexibility for an incoming purchaser to keep the entire parcel as one for complete privacy and solitude, or alternatively to create Byron’s most exclusive community by subdividing the land from four into nine freehold beachfront home sites to accommodate multiple private family residences, subject to council approvals.”
The expressions of interest campaign closes 28th September 2022.
