8 Marvell Lane, Byron Bay, NSW 2481

Colliers are pleased to present for sale 8 Marvell Lane, Byron Bay a trophy investment with potential development upside.

This offering presents an opportunity to secure a low-risk income generating asset with development potential, nestled in the iconic Byron Bay & only 3 minutes from the towns center.

Offering a diverse range of income streams, the property includes a 3-bedroom, 3-bathroom house with modern design, spread over 2 levels which is currently being utilised as an Air BNB investment, presenting fantastic occupancy rates.

Additionally, located at the rear of the property are 2 tenanted, semidetached units offering strong rental returns with the potential for future income growth. These two dwellings have frontage to the prestigious Carlyle Street with the larger home accessible from Marvell Lane.

Situated on approximately 1,012m2* land zoned Low Density Residential, this offering is rarely seen in such proximity to the Byron Town Centre. With appeal for developers, investors & occupiers the property is expected to garner high levels of interest.

Property details include:
- Situated on 1,012m²* Zoned Low Density Residential
- 3 separate income producing streams
- Airbnb: 3 Bedrooms, 3 Bathrooms & 2 Car Garage with 2 exterior allocated carparks
- Tenancy 1: 2 Bedrooms, 1 Bathroom 1 Car Space
- Tenancy 2: 2 Bedroom, 1 Bathroom & 1 Car Space
- Development Potential (STCA)
- Dual Street Frontage to Marvell Lane & Carlyle Street
- Modern Amenities featuring an expansive outdoor entertainment area including a heated pool & pool cabana
- One block from the centre of town

Locality details include:
- 500m to the CBD
- 600m to Main Beach
- 2.3km to The Pass
- 3.2km to Wategos Beach
- 6.8km to Tallow Beach
- 4km to the Golf Course
- 32 minutes to Ballina Airport
- 50 minutes to the Gold Coast Airport

Colliers predict an offering of this quality to capture a large amount of interest both locally and interstate. For further information or to organise an inspection please contact the exclusive agents.

For Sale via Expressions of Interest closing Wednesday 18th June at 4pm.

*Approx