![\"\"](\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/29\/2025\/03\/Anartistrenderingoft_15545.jpg\")
<\/p>\n
“Every decision we have ever taken has been unanimous, including the decision to sell, mostly because it’s not being used,” he said.<\/p>\n
“It’s definitely going to be sad to see it go, but it’s been coming for a while. It’s no secret that COVID really changed the festival landscape and festivals have been doing it tough from one end of the globe to the other. It’s a big property to hang onto without a use financially. It was just time.”<\/p>\n
After being cancelled in 2024 due to rising costs and insufficient ticket sales, Splendour in the Grass organisers Secret Sounds announced in January that the 2025 event would not go ahead either.<\/p>\n
The 229-hectare freehold property is the largest single landholding in the Byron Shire and is expected to sell for around $35 million.<\/p>\n <\/p>\n Leon Alaban, who is head of hotels at Savills Australia and New Zealand, said it was a rare opportunity.<\/p>\n “With Byron attracting record prices across all asset classes, we expect this exceptional opportunity will demand buyer interest to draw parallels to recent records within the region,” he said.<\/p>\n The site could also be transformed into an eco-tourism development, an equestrian estate, a luxury private estate or an exclusive residential compound.<\/p>\n Expressions of interest close on April 30, if not sold prior.<\/p>\n![\"\"](\"https:\/\/static.timesnewsgroup.com.au\/prod\/uploads\/sites\/29\/2025\/03\/SplendourintheGrass._17338.jpg\")