One of Byron Bay’s largest industrial landholdings for sale by Colliers team of Michael Crombie, Gavin Bishop, Sean Thomson and Daniel Coburn on behalf of Tower Holdings. 294 Ewingsdale Road Byron Bay for sale offers 59,590sqm of land that provides a flexible base for several potential purchasers.
One of Byron Bay’s largest industrial landholdings will allow the opportunity to shape the region’s future after coming up for sale.
Located in one of Australia’s most well-known tourist destinations and a tightly held industrial growth markets, the strategic site at 294 Ewingsdale Road offers 59,590sqm of land that provides a flexible base for several potential purchasers.
The sheer scale and prominence of the site as well as the flexibility that comes with the IN2 – Light Industrial zoning makes it an incredible prospect, while the blank canvas nature of the regular shaped block creates the possibility of multiple development outcomes.
A global brand, Byron Bay has major pent up demand from industrial occupiers who are seeking to be located in the heart of the town, which will continue to drive both rents and prices.
The Colliers team of Michael Crombie, Gavin Bishop, Sean Thomson and Daniel Coburn have the exclusive listing on behalf of Tower Holdings.
“With an absolute lack of industrial stock in this booming Byron bay industrial precinct, we expect the site to be a highly sought-after blank canvas that will allow the buyer to create something very special. Many of the local occupiers are having to make do with older warehouses across many buildings, so interest will be strong to amalgamate into a more modern opportunity,” Mr Crombie said.
“The site offers ultimate development flexibility given its expansive 250-metre street frontage and significant exposure to Ewingsdale Road, a busy main thoroughfare located only 1.5 kilometres from Byron Bay town centre. Byron Bay is one of Australia’s fastest-growing regions, with significant migration to the precinct since the onset of COVID-19, encouraging strong economic activity in the region,” Mr Thomson added.
“The land supply of the Northern Rivers and nearby Gold Coast industrial markets are at an all-time low. This outstanding opportunity in the region’s most sought-after suburb will at last provide much needed supply for the pent up demand from occupiers looking to enter and expand within the area,” Mr Coburn said.
A regional destination attracting many national occupiers, Byron Bay benefits from a strong local workforce and rapidly growing population, which will ensure that the development will become an ideal destination for re-locating business.
In response to record demand and a lack of supply, vacancy levels have fallen sharply across Byron Bay. Our analysis shows that less than 400 sqm of industrial space is available for lease, representing a vacancy rate of approximately 0.1 per cent. By comparison, the national industrial vacancy rate measures 0.5 per cent as of Q1 2023. At the larger end of the market, the availability of stock above 1,000 sqm is more acute, with no current leasing options. Given the high occupancy levels, this is underpinning record levels of rental growth.
Pricing at the latest industrial development, The Depot, indicates that sales rates are approximately $9,000 per sqm and rents are achieving up to $400 per sqm.
Surrounding infrastructure is crucial to the site’s appeal, with the region attracting substantial public and private funding that is contributing to the emergence of the local economy.
A 100 per cent interest in 294 Ewingsdale Road, Byron Bay is being offered for sale via Expressions of Interest closing on Tuesday, June 6th 2023 at 3pm (AEST).
To request a copy of the Information Memorandum please contact one of the marketing agents, the Colliers team of Michael Crombie, Gavin Bishop, Sean Thomson and Daniel Coburn via the contact details below.
59,590sqm Light Industrial land for sale Bryon Bay by Colliers