Surfer rated least likely to succeed becomes sport's newest multi-millionaire!
In May of 2018, the decidedly homely yet attractive one-time title contender Matt Wilkinson, then only thirty, was at the back end of his pro surfing career.
But rather than exiting in a flood of tears, Matt and his then girlfriend now wife and baby mama, Anna Jordan, spent $3.2 million on the gorgeous Possum Creek school house, which had subsequently been rebuilt and turned into a $1500 a night guest house, out the back of Byron Bay.
The loveliest part of the operation was the option to buy surf lessons with Matt himself.
As far as post-tour life goes, Matt made several very good decisions. Land, wife, ongoing income. A sunset golden.
All good things must terminate eventually and Matt and Anna have listed the lavish resort with hopes of five-mill ish, although given the outlandish state of the Australian housing market, who knows how high that bubble will fly.
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Matt writes:
We have worked so hard to bring this amazing property to life with @thehutguesthouse and @thehut.byronbay ! We are super proud of what we have created but it’s time for @anna_wilkinson__ and I to find someone who is going to love it as much as we have and write the next chapter. Don’t worry @thehut.byronbay is not going anywhere. The resident Platypus and Koalas will be missed but we will be back for plenty of long lunches.
Wanna buy?
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Restaurant there is always packed, multiple income streams plus land value increases.
The go surfing with Wilko angle was the only failed play out of this one.
God only made one Byron Bay and that near hinterland is crack cocaine for trophy wives and/or tech bro wanna be billionaires.
what about his royaties from TGSMITU, would surely eclipse this ?
Pretty sure the asking price is offers from $7.9 – $8.2million.
The links to bygone BG articles are always a fun travel down the memory lane of ridiculous comments.
But was it a good decision to buy for 3mill? Fully booked, it would take 6 years to break even, without taking the operation costs into account. So add a couple more years to those six. They wouldn’t sell if it was doing great. I lean towards the bailing out and trying to capitalise on the market bubble so we can cashback option, rather than the official statement.
Most hotels won’t breakeven within 10 years for what you pay for them. You borrow money and use the income to cover the repayments. You then improve the facility over time and improve the operations/efficiency to make it more profitable. Sell when the time is right and pocket the difference.
It’s been a tough winter in the coastal and regional areas of NSW. Cost of living struggles and overseas trips to Indo, Fiji, Japan, Europe etc being more popular.
Good luck to Wilko but I think this will be a tough sell. But, you only need 1 x trophy wife with a holiday home at Byron to want to take it on as a hobby and he’ll get his cash.
Yeah, that’s what I meant, that math isn’t mathing for those 10+ years.
Can you fuck off and stop being logical.
Xox
Is that what your wife tells you? She sure does to me (your wife).
Thank you for sharing the load.
Xox
No worries, always ready to share the load.
That’s hawwwt.
Xox
More as the story goes “Out to Brunch”…so long and thanks for all the Money! Onya!…
Give us a tour on rollerblades Matty
BG RE is my least favorite, but maybe that will turn as the market gets spicy.
5mil. Hospitality venture. No thanks. People are the worst.
no kidding
I wanted Matt to win a title that year he was on a tear, but hot streaks end
gotta love a guy that has the balls to roller blade to his Pro Tour comp.
no thanks