Originally purchased by Ruth and Harold Timperley in 1935, the property was run as a motor mechanics workshop before passing through to the family’s next generation, who were heavily involved in the township’s surfing fraternity and developed the site as a thriving retail surf shop known as Bay Action.
The business was sold in in 2010 to Billabong (now Boardriders Group), becoming one of the group’s flagship stores. Now, the Timperley family is also selling the real estate, providing the opportunity to acquire a 424 sqm site with an NLA of 559sqm.
Boardriders, the international parent company of well-known brands Surf Dive n Ski, Quiksilver, Billabong and Roxy, provides 85% of the site’s $614,537 in net annual income.
Mr Witheriff said, “The property is situated on one of the busiest intersections in Byron Bay. It fronts the CBD’s main vehicle thoroughfare and has exposure to over 14,000 pedestrians weekly.”
Residing in a world-class tourist hub, the site’s B2 local Centre zoning also allows for the future development of the site into a tourist hub, comprising retail and entertainment options.
CBRE’s Mr Douglas said, “There is an opportunity to expand the footprint to include a first-floor premium bar and restaurant facility, subject to planning approvals, that could include the conversion of the awning into an open outdoor balcony.”
Timperley’s Corner is being offered for sale by public tender with the campaign closing on Wednesday, 17 November.
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