Becton site sold
Graham Dunn, the principal of Byron Bay Property Sales, confirmed on Tuesday he had sold the prime beachfront property to Australian buyers.
Mr Dunn said he was unable to reveal their identity or how much they paid for the site.
However, he said the buyers would be meeting with Byron Council and other relevant authorities before making a decision on the site’s future.
“They have no idea what they want to do with it,” he said.
“They will take their time.”
The site, which Becton bought from Club Med in 2001 for $12.8 million, has been on the market for almost a year.
That sale represented a massive loss for Club Med which paid $16 million for the 88ha site in 1991.
As a result of world market conditions and after a very long and fierce community battle, Becton announced in December 2008 that it was putting on hold its $51 million first stage of a planned 354 holiday home redevelopment of the site.
Only several months before that, the Melbourne-based company had closed the doors of the existing and long-standing resort to guests.
It later sold the on-site cabins.
Approval for the Becton development was given in 2007 by the then NSW Planning Minister, Frank Sartor.
Under the approval, the development can only be used for tourist or occasional accommodation and not for permanent residential purposes.