Marine Parade, Wategos Beach trophy home with $200,000 annual rental income

Marine Parade, Wategos Beach trophy home with $200,000 annual rental income
Jonathan ChancellorFebruary 6, 2021

The London-based chartered surveyor Charles Lee visited Byron Bay when visiting during the 2003 Rugby World Cup and decided to purchase at Wategos Beach.

The Lees are selling their home at 5 Marine Parade.

Comprising a main residence and an adjoining villa – which, combined, generated nearly $200,000 in gross holiday letting fees last financial year – the property is a two minute stroll to family-friendly Wategos Beach and the Cape Byron Nature Walk.

The main residence boasts three bedrooms, including an expansive 8.2m x 5.1m master with double walk-in robes. Two bedrooms in the main residence both have ensuites while the third bedroom jointly accesses the main bathroom.

The Marine Parade property has a price guide of $6 million to $6.5 million through Tony Farrell and Liam Annesley at LJ Hooker Byron Bay.

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

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