Bondi Beachfront Asset Heading to Auction
A prime mixed-use beachfront asset within touching distance of the ocean is heading under the hammer next month.
The offering marks a rare opportunity for investors to get their hands on a real trophy property, not only because of its unrivalled location but also because it holds DA Approval for the development of 10 luxury apartments on the site.
An Ezy Mart convenience store and a Ben & Jerry’s ice cream parlour currently occupy the ground floor of the three-storey property, with eight residential apartments found upstairs.
Though if the approved five-storey 1,002 sqm development is to go ahead, a facelift of the façade and demolition of the current buildings would have to be undertaken.
Sold in 2017 for $18.25 million, the Bondi trophy is set to fetch upwards of $20 million at auction on November 19, with expectations high after the recent sale of a similar property for $25.4 million.
The 417sqm property is sure to grab buyers’ attention, with a highly sought-after location and a fantastic lease profile high up on the agenda of those looking to invest in commercial real estate.
Address
134-138 Campbell Parade Bondi Beach NSW 2026
Agents
Miron Solomons – 0411 709 666
Matt Pontey – 0438 337 799
Steffan Ippolito – 0403 347 111
Colliers International
@colliersinternational
