The picturesque The Channon Tavern near Byron is being sold as a vacant possession, with asking price of $3.6 million.
Built on a 7,120sqm block in the Byron hinterland, 19 kilometres north of Lismore and proximate to Byron Bay and the beaches of Brunswick Heads, the Channon Tavern sits amongst World Heritage-listed rainforest and national parks, and Channon village, with a resident population of 374.
Beginning life as a butter factory in the early 20th century, in 1991 the building underwent extensive renovations to become a licensed hotel.
It provides a public bar, with desirable single bar operation, outdoor areas, gaming room with six machines, and five accommodation rooms sleeping up to 17 guests. There is a separate two-bedroom manager’s residence.
The massive lot lends itself to development and extension of the business, such as the addition of boutique accommodation.
Marketing literature cites weekly revenue of $10k, with opportunity for a new owner to turn the operation into a destination hotel in keeping with the region, to attract a slice of the tourist dollars that frequent the area.
A campaign on sale of the freehold going concern is being managed for the private family owners by Nicholas Tinning of Chris Tinning & Co R/E.
