A 40-hectare North Belongil beachfront block is, according to local sources, projected to sell for between $160 million and $180 million. It belongs to billionaire mining engineer Brian Flannery and his real estate savvy wife Peggy, who runs the KTQ Group. Pacifico Property’s Christian Sergiacomi and CBRE Hotels’ Wayne Bunz are in charge of flogging it. The land used to be home to a 9 hole golf course.
A North Byron beachfront block of land (stretching 1.1km longways across the beach) is being put up for sale. It comprises 40 acres, and it is part of the 90 acres of land billionaire mining engineer Brian Flannery and his family bought for 18.5 million 12 years ago. The family is now looking to sell 40 acres of that land. Given how bonkers the Byron Bay property market has become, they are likely to turn a major profit in doing so.
The land has an asking price of more than $160…
