An entire block of units is being brought to market in one of the most sought after pockets in Sydney’s eastern suburbs, metres from one of the most recognisable beaches in the world.
Located at 140 Brighton Boulevard, Bondi Beach, the block boasts a 477sqm land area and is currently improved by eight, generously proportioned, strata-titled units.
The property is offered for sale by Ray White Commercial (SC) agents Samuel Hadgelias and Leslie Li, in collaboration with Ray White Double Bay’s Warren Ginsberg who are selling the unit block in one-line.
“The area is in seriously high demand,” Mr Ginsberg said.
“It’s probably the most highly sought after spot in the eastern suburbs, surrounded by cliffs and water.
“Bondi is one of Australia’s most iconic beaches and the surrounding dining, café and retail precinct is a hot spot for tourists and locals.”
Mr Hadgelias said the location was just one of the draw cards, which would attract a range of buyers including investors, developers, or owner-occupiers wanting to build their dream home.
“The renovation and redevelopment potential for this asset will also attract astute buyers,” he said.
“The property has a large existing building footprint meaning it is a strong asset as is, but the planning controls mean the property could have significant uplift with redevelopment potential as well.”
Mr Li said the market in the area had been very strong.
“Recent sales on this street have ranged from $15,000,000 to $25,000,000 for both single dwellings and entire small unit blocks,” he said.
The property is being offered for sale via expressions of interest.