Justin Hemmes' Merivale buys property on Johnson Street, Byron Bay
Merivale's eastern seaboard buying spree has shifted its focus to northern NSW.
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Merivale's eastern seaboard buying spree has shifted its focus to northern NSW.
Sydney pub mogul Justin Hemmes has added another venue to his ever-growing business portfolio, signing a deal to secure popular Byron Bay bar Cheeky Monkey's. It is the first NSW Far North Coast venue to be added to the expanding list of Merivale pubs and restaurants, with the keys being handed over this Friday. LIVE UPDATES: Cheeky Monkey's Bar in Byron Bay is being added to the Merivale stable.(Google Maps) "I've been going to Byron since I was 10 years old, so it has always been a place close to my heart," Mr Hemmes, Merivale's CEO, said. "I can't wait to open our first venue on the North ...
Advertisement Sun Property Holdings is two-thirds owned by hospitality group Red Rock Leisure, which operates the P.J OâBrienâs chain of Irish-themed pubs and Jon Hasler, a director of Red Rock Leisure. John Musca from JLL Hotels negotiated the off-market sale of Cheeky Monkeyâs and the Thai Sabai tenancy. The property, which occupies an 827sq m site with 2am trading approval, sold as vacant premises. Mr Musca said it was fitting that Merivale was bringing its well-known brand to Byron Bay at a time of its âexciting development evolutionâ. JLL has sold around $90 mill...
The purchase comes after Hemmes, 48, spent $100million on venues in Sydney's Leichhardt, Melbourne, and Lorne in Victoria
Share The restaurant and bar, which also houses backpacker accommodation, is located on Byron's popular Johnson Street. The Byron Bay property market has become a hot-spot for rich investors, particularly since the Covid pandemic hit, with many hoping to buy a slice of Australia's hottest holiday destination. New venue: According to a new report, the Merivale boss has registered interest in acquiring Byron Bay's Cheeky Monkey's (pictured) Closed: Cheeky Monkey's closed its doors on March 23 last year amid the global pandemic and has not been open since Popular: The Byron Bay property mar...