One of Byron Bay’s best-known retail destinations, the Timperley’s Corner building, has been sold by one of the area’s founding families after close to 90 years of ownership.
It is understood the building, home to a popular Surf Dive ’n Ski store, sold for more than $14 million, on a relatively sharp yield just above 4 per cent.
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Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts. Connect with Nick on Twitter. Email Nick at nlenaghan@afr.com
