Record Byron Bay penthouse sells for $5 million

Record Byron Bay penthouse sells for $5 million
Record Byron Bay penthouse sells for $5 million

A Brisbane buyer has spent around $5 million on an off the plan Byron Bay apartment which they will relocate into.

It is a four-bedroom, 405 square metre penthouse at the Fortyfive Lawson complex.

Flight Centre co-founder Jim Goldburg is developing the complex, which was listed last November with apartments priced from $3 million to $6 million.

The apartments are the first major development in the coastal Byron Bay for 20 years.

Goldburg bought 45-47 Lawson Street for $12.85 million in 2005 through his company Friday Investments Group, from Gold Coast-based developer Graeme Juniper.

The site then housed the old Holiday Inn motel.

The nine residences range in size from 163 square metre to 410 square metre, with four single level apartments, three two level apartments and two penthouses.

Fortyfive Lawson project director Steve Girdis initially said completion was due by early 2015, but is now expected before Christmas 2015.

The previous record apartment sale in Byron Bay was $2.65 million in 2007, just before the global financial crisis.

Five of the nine apartments have sold off-the-plan, with sales totalling $19 million through marketing agent Graham Dunn of Bryon Bay Property Sales.

The remaining penthouse has $4.5 million hopes.

The complex comes with private pools, stone fireplaces, under-floor heating and European appliances.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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