JLL Hotels & Hospitality Group offers to market the best hotel development opportunity for 2024, The EPIQ Tavern Site in Lennox Head NSW. The opportunity is offered for sale on behalf of Clarence Property who are set to divest one of the most strategically placed pub sites on the NSW North Coast.

This offering marks a pivotal moment for Clarence Property, which has been instrumental in transforming Lennox Head through its masterplanned EPIQ community nearing completion on the NSW Far North Coast.

Clarence Property CEO Simon Kennedy said, “The Epiq Tavern Site is a cornerstone of our EPIQ development and represents a rare opportunity for operators to establish a flagship hospitality venue in one of the most dynamic regions on the NSW coast”.

“This offering aligns with our broader strategy to provide exceptional value and growth opportunities and caters to pub operators looking to expand their portfolio in this high growth area which has more than 450 homes”.

Strategically located within the EPIQ Lennox Head estate, the Tavern site spans 5,595sqm and an adjoining parcel of land which is zoned for residential development.

The tavern site comes with Development Approval and is on the verge of securing a hotel licence, making it an attractive, ready-to-go investment for those looking to capitalise on the booming coastal property market.

Newly constructed neighbourhood retail precinct EPIQ Marketplace, positioned just 200m from the Tavern site, is anchored by institutional retailers Woolworths and BWS, along with Chempro Chemist and a mix of specialty and service retailers.

Managing the sales campaign are JLL Hotels & Hospitality Group specialists Greg Jeloudev, Edward Browne, and Ben McDonald.

“Opportunities like the EPIQ Tavern Site are incredibly rare, particularly with DA approval in place and a liquor licence on the horizon. It’s a standout development site within a stand-out masterplanned community,” said Mr Jeloudev.

With Lennox Head’s population expected to grow by 52% by 2046, according to ABS data, the EPIQ Tavern Site is poised to become a landmark hospitality destination in a region renowned for its coastal charm and modern amenities.

The approved Tavern site (5,592sqm) is located at 6 Salt Air Circuit which enjoys dual street frontage at Daybreak Drive and Salt Air Circuit. Architecturally designed floor plans and renders depict a single-level build consisting of a bistro, sports bar and impressive back-of-house facilities. Adjoining the hotel site is 26 Salt Air Circuit, which is a strategic land parcel (2,971sqm) that can be developed into residential housing or complimentary uses (STCA).

With the region home to some of NSW’s most iconic venues including The Lennox Hotel, The Beach Hotel and the Great Northern Hotel in Byron Bay, the sale process of the EPIQ Tavern Site enables prospective suitors the opportunity to establish a flagship venue in a premier coastal location.

The EPIQ Tavern Site is offered for sale via Expression of Interest, closing Thursday, 26th September 2024, at 12 pm midday.

Interested parties are encouraged to contact the exclusively appointed agents at JLL Hotels & Hospitality for further details.

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