Site for liquor store up for sale
The owners of the southern half of the Byron Bay Plaza, which includes the site of the planned Dan Murphy’s liquor superstore, are having another go at selling it.
The Azzura Group put the site up for auction in March 2009, but it failed to sell.
The company announced last week it was selling the Byron Bay property and a shopping centre it owns at Southport ‘to capitalise on strong private investor demand for quality retail investments’.
Expressions of interest close on March 17 through CB Richard Ellis Group and Ray White Commercial Gold Coast.
The property comprises 13 tenancies, including Dendy Byron Bay Cinemas.
The Woolworths building and the northern section of the plaza have different owners.
David Djurovich from Ray White said the property’s ‘strong retail profile’ and the opportunities to invest in% the Byron Bay market would underpin significant interest in the property.
“There is also an opportunity to reposition the centre to capitalise on its prime location,” he said.
Property records show Azzura bought the property in March 2006 for $11.12 million.
The company lodged a new application for %the Woolworths-owned Dan Murphy’s with Byron Council last month, after withdrawing the original application last year.
The council is yet to determine the application.