Lawson Street, Byron Bay
Role
Acquisition
Repositioning & Unlocking Value
Date
2024
Location
Lawson Street, Byron Bay, Australia
Prime Investment Opportunity
Garrisson's acquisition of the shopping arcade on Lawson Street in Byron Bay is another one of his off-market deals that showcases his real estate investment expertise. This prime location on one of Byron Bay's main streets offers significant exposure and foot traffic, making it a highly sought-after commercial asset. The two-storey building, with entrances on Lawson Street and Bay Lane, accommodates 15 shops. It provides a diverse mix of retail, hospitality, and office spaces, all of which are fully leased to tenants. Garrisson's foresight in securing this property off-market demonstrates his ability to recognize and take advantage of profitable investment opportunities in competitive markets. Garrisson skillfully negotiated favorable settlement terms, allowing him and his team to address planning and other strategic issues before settlement.
Repositioning for Long-Term Investment
Garrisson's vision for the Lawson Arcade goes beyond just refurbishment. He aims to reposition the entire retail asset to meet current market demands, ensuring its long-term success. By incorporating modern design elements and improving the building's aesthetics and amenities, Garrisson seeks to create a more inviting and functional space for tenants and customers. His efforts to reposition, together with his partners, the Lawson Arcade demonstrate his commitment to creating high-quality, sustainable commercial properties that meet market needs.
Lawson Street, Byron Bay
Sustained Value Creation
By enhancing the property through strategic refurbishments and maintaining high occupancy rates with reputable tenants, Garrisson ensures a steady income stream and capital appreciation over time. This long-term approach demonstrates Garrisson's confidence in the enduring appeal and economic potential of Byron Bay’s commercial real estate market. His ability to blend immediate enhancements with a forward-looking investment strategy highlights his expertise in maximizing returns for stakeholders while contributing to the area's commercial vitality.
