• A rare development site on Byron Bay’s famous beachfront has come up for sale, and is tipped to fetch more than $10 million.

The 4542-square-metre site at 17-21 Shirley Street already has a development approval for 17 luxury apartments – a drawcard for investors hoping to cash in on the demand for housing in the coveted seaside town.

READ MORE VIA COMMERCIALREALESTATE.COM.AU

The Wollongbar Motel occupies the site. Photo: Supplied