Wolfmother’s Andrew Stockdale buys $2.7m Bangalow investment property
Wolfmother’s Andrew Stockdale has spent $2.7 million on a Bangalow investment property, securing retail premises on the town’s main boulevard.
The 607 sqm Byron St premises is fully occupied, holding six retail and commercial tenancies.
It was offered through Kath Vaubell at Byron Bay Property Sales after getting approval for the addition of a restaurant space and two shop top living quarters.
It last sold in 2018 at $2.3 million, and in 2015 at $1.45 million, when it had a gross total return of $113,886.
Andrew Stockdale, the hard rock lead singer of the hard rock band that formed in 2004, has other investments in the district having spent $1.6 million in 2013 on a four-bedroom, three bathroom cottage at Byron Bay.
It was offered as a $3000 a week furnished rental in 2019.
Stockdale gave it a stylish $96,000 makeover in 2016.