Byron Bay Beach Hotel listed

Byron Bay Beach Hotel listed
Byron Bay Beach Hotel listed

Melbourne businessman Max Twigg has listed one of Australia's most iconic pubs, the Byron Bay Beach hotel.

It comes with market expectations of between $75 million and $80 million.

Mr Twigg, who made his money in waste management, bought the hotel in mid-2007 from its developer, John Cornell.

Mr Twigg paid $44 million for the pub's land component in 2007 with the total business purchase price taking the outlay closer to $65 million.

Daniel Dragicevich of CBRE Hotels and Tony Bargwanna and Jared Hodge of Ray White Hotels have the 4585 sqm listing.

The hotel is leased to Melbourne pub industry identity John van Haandel until mid-2017 with a further two, 10-year lease options and currently brings in annual income of around $4.2 million. 

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of our authors. Jonathan has been writing about property since the early 1980s and is editor-at-large of Property Observer.

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Byron Bay Hotel Listing

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