The CROWN JEWEL of LENNOX HEAD to be Offered for SALE
WORDS: Madison Cooper PHOTOGRAPHY Supplied
One of the most premium englobo properties in northern NSW with sweeping views over the burgeoning coastal town of Lennox Head, is set to be released to the market.
The prime 22 acres of land located at 8 Byron Bay Road, is one of the region’s most premium properties changed hands for the first time in 57 years when Tower Holdings purchased it in 2021.
Nick Bordin of Elders Bangalow & Lennox Head and Will Phillips of McGrath Byron Bay have been appointed to market the property – a once-in-a-lifetime land offering located only metres from the Lennox beachfront.
Spanning 9.059 hectares (22 acres), the elevated cleared block offers unparalleled 360-degree views of the coastal region and is now positioned to be the most premium land opportunity for a luxury private residence in northern NSW.
The property has been placed on the market for the second time in the past six decades as it is surplus to the vendor’s needs.
Marketing agents are confident the property could set another new record following a flurry of record-breaking property transactions in the Byron region over the last year.
“This is the most stunning premium home site and land on offer anywhere in Ballina Shire,” said Nick Bordin, Licensee-In-Charge, Elders Bangalow & Lennox Head.
“There’s definitely no other land of this scale available within Lennox Head so close to the beach.
“It offers a rare opportunity to secure the largest parcel of ocean view land in Ballina Shire.”
The property falls within the boundaries of the broader Urban Growth Area for Lennox Head and has potential for future residential development. It is bordered by residential zoned land to the north, east and west.
The majority of the site is currently zoned 1D Rural (Urban Investigation) which allows for a range of uses included private dwelling houses, secondary dwellings and seniors housing, subject to council approval. Approximately 6,250m2 of the site is currently zoned R2 Low Density Residential which would allow for a residential subdivision with a minimum lot size of 600m2, subject to council approval.
“This is a blank canvas opportunity in the heart of Lennox Heads that provides a buyer the chance to be the owner of the most prestigious home site in the area,” said Mr Bordin.
“Purchasers could explore subdivision or dual occupancy, while creating a dream home on the remainder of the site in one of the region’s most idyllic coastal towns.”
The property is located just a 550-metre stroll to the beach. It currently features a two-storey five-bedroom residence perched on top of the ridge, taking advantage of the township’s best outlooks with uninterrupted views from the coast to the hinterland.
“It’s an excellent opportunity to design, refurbish, build and occupy a custom residence in one of the far north NSW coast’s most sought after locations and would inevitably be the trophy home of the Northern Rivers,” said Mr Bordin.
Tower Holdings, a company associated with Sydney businessman Terry Agnew, is placing the property on the market following a series of record-breaking sales in Byron Shire over the past year.
These include the $26 million sale of a private estate on 40 acres in Suffolk Park; $22.5 million for a home in Marine Parade at Byron’s exclusive Wategos Beach; $22 million for a 5.6ha private estate at Coopers Shoot; and the $17 million-plus sale to hotelier Justin Hemmes of a beachfront shack at Belongil Beach in Byron Bay.
Lennox Head is just a 20-minute drive to Byron Bay and 15 minutes from the Ballina Byron Gateway airport, while the Gold Coast is less than an hour’s drive away.
McGrath Byron Bay and Elders Bangalow & Lennox Heads is offering the Lennox Head property for sale by expressions of interest which closes at 5pm on Thursday 18th May.