Signifying an outstanding opportunity in an exceptional Bondi position, the coming-to-market of these two large side-by-side apartment blocks presents a rare chance for the perceptive buyer in a coveted locale. Just minutes from Bondi, Tamarama, and Bronte beaches and set on a combined total land size of 1191sqm (approx.), both strata-titled blocks are to be sold in one line and offer exceptional potential for investment, renewal or comprehensive redevelopment (STCA).
Individually, each block features a range of 1- and 2-bedroom apartments, each with parking, including 3 lock-up garages in each block. Number 294 has 7x 2-bedroom apartments and 3x 1-bedroom units, whilst number 296 has 6x 2-bedroom and 3x 1-bedroom apartments - all adding up to a total of 19 apartments with 32 bedrooms across the two buildings. Built in 1967 and with each block in good condition, this is a rare chance to acquire 2 apartment blocks on a massive overall site. Number 294 is set on a 606sqm (approx.) site, whilst number 296 is on a 585sqm parcel of land.
Without question offering a range of captivating options, the new owner may wish to retain both buildings in their current form, with good tenancy demand, or perhaps wish to renovate the existing buildings or seek to completely redevelop the entire site into a significant new development (STCA). With R3 medium density residential zoning, a 0.9:1 floor space ratio (FSR) plus 12.5m height limit and wide street frontage, the options here are both extensive and exciting.
An incredible chance in a terrific position, it is a short trip to three of Sydney's most popular beaches, with the buzz of Bondi and the famed coastal walk linking Tamarama and Bronte within minutes. An ideal lifestyle location, it also offers quick access to the amenities of Bondi Junction, plus the cafes and eateries of Bondi Rd, with an array of schools, parks, and transport all within reach. Held in the same family for 54 years, the sale of these two properties is a landmark occasion, representing an impressive and rare prospect for the astute new owner.