Notorious tower building for sale
A PORTION of Byron Bay’s notorious ‘Rapunzel’s Tower’ is up for sale.
The building behind the Great Northern Hotel, which was completed earlier this year, earned the nickname due to the rounded ‘towers’ at each end and stirred up some heated debate among locals over its aesthetic appeal.
Original designer of the building, architect Christine Vadasz, even weighed into the debate, lashing out at the developers for creating something that she said was the ‘antithesis’ of her design.
Since its completion however, the din has died down, and part of the property is now being marketed nationally as a prime opportunity for the ‘savvy investor’.
Sophie Christou, of Raine and Horne Byron Bay, said the controversial end of the building was not included in the current sale, which consisted of seven retail shops and two restaurants over six titles.
The titles will be available as a whole or separately.
Ms Christou said the shops were in a prime location and all had secure tenants. Each retail space had its own undercover car parking, which was a rarity in Byron Bay.
She said that as a whole the sale could appeal to a large superannuation fund or industry investor, or in separate lots to mum and dad investors.
Ms Christou would not put a price on the sale, but said expressions of interest were being taken.
She said she saw a turnaround had begun in the commercial property market and she was confident of a sale.
Nomads Backpacker Hostel, which occupies the Rapunzel’s Tower end of the development, recently took out Best Backpacker Property NSW at the Golden Backpacker Awards.
The awards are based on the votes of more than 40,000 backpackers.