Once in A Lifetime Opportunity To Be Part Of The Future of Bondi Beach's Most Sought After Cafe and Bar Precinct

Built in 1930s, incredibly this building has never been on the market presenting the fortunate buyer with a truly once in a lifetime opportunity. This iconic landmark mixed-use building holds a premium location at the Northwestern gateway to Bondi Beach's commercial district in the freshly upgraded, vibrant Seven Ways village precinct. With major neighbouring mixed-use developments completed and enriched by a striking green space development at its doorstep this is the next Hall/Gould Street. The building receives solid existing income from the current configuration of four commercial shopfronts and seven apartments.
Skillfully crafted DA approved plans with a major FSR gain ensure maximum value uplift with the creation of five shopfronts all provisioned for food and drink licensed premises with accessibility and sanitary facilities allowing up to 300 customers and 30 staff. Furthermore, the DA includes six 2 bedroom, 2 bathroom apartments, each with a study and their own exclusive green roof top terrace designed by award winning landscape architects 360 Degrees.
This blue-chip property offers an outstanding opportunity for the savvy investor, developer or SMSF buyer in one of Sydney's most sought-after beachside locations.

- Existing configuration of 4 commercial shops and 7 x 2br apartments
- Current rental approx. $450,000 p.a.*
- Perfectly positioned in the stunning new Seven Ways green space development
- DA approved plans with huge FSR gain to maximise value & potential to strata into 2 stratum
- DA approved plans for 5 commercial shops & 6 x 2br + study apartments
- Commercial shopfronts capture the full benefit of expansive outdoor seating
- FSR Gain to 2.13 : 1
- The gateway to the prized beachside cafe, bar and eateries precinct
- A rare Bondi jewel, stroll to Bondi's sand & surf
* All financial figures have been provided by the Vendor (as at 27 March 2020). Purchasers are advised to conduct their own independent due diligence.