Holding a prized address in one of Sydney's most coveted coastal enclaves. This property represents a rare and compelling opportunity to capitalise on significant redevelopment potential (STCA). A blue-ribbon parcel with a prized north-easterly rear aspect, this tightly held property offers outstanding scope to create a collection of brand-new luxury residences just moments from Bondi Beach.
Occupying a substantial 721sqm parcel with favourable R3 zoning, this development opportunity offers outstanding scope in a highly sought-after setting. Boasting a 13.5m height limit and an FSR of 1.3:1, the site presents potential for approximately 937sqm of GFA, making it an ideal prospect for developers and investors looking to capitalise on a premium landholding.
Currently configured as a boutique full brick building of only five apartments, the block comprises a selection of one and two-bedroom apartments, each with valuable car spaces and/or garages, delivering immediate investment appeal in a high-demand rental location.
The property is perfectly positioned within walking distance of Bondi's iconic oceanfront promenade, transport, and vibrant local cafés, while only minutes to the world-class retail and lifestyle hub of Bondi Junction and Westfield. Combining strong holding income with exceptional future potential, this is a standout prospect for developers and investors seeking to secure a premium site in a blue-ribbon beachside setting.
- Blue-ribbon address in tightly-held coastal enclave
- Rare opportunity with significant redevelopment scope (STCA)
- Occupying a generous 721sqm parcel with NE rear aspect
- Ideal site to create luxury boutique Bellevue Hill residences
- Elegant full brick character building of only five apartments
- Presenting a mix of versatile one and two-bedroom layouts
- All residences include off street car spaces and/or garages
- High-demand rental location with solid holding income
- Incredible potential to capitalise/maximise the site value
- Walk to Bondi Beach, cafés, transport and coastal paths
- Minutes to Bondi Junction and Westfield shopping hub
