Mixed Use Freehold Investment with Future Development Potential

Details

I.B Property proudly presents 290-294 Bondi Road, Bondi, a remarkable opportunity featuring three freehold mixed-use investment properties in one line on a substantial combined land area of 667sqm*. These shops can be acquired individually or as part of a combined package, offering a diverse asset with future development potential. With a favorable E1 Local Centre zoning in an exceptional location, this property is situated on Bondi Road’s thriving retail strip, a mere 500m* from Bondi Beach and conveniently positioned just 1.8km* to Bondi Junction. Boasting a prominent frontage to a major Eastern Suburbs thoroughfare and transport corridor, the property is also strategically located opposite the iconic Merivale Royal Hotel/Tottis, making it an enticing investment or development prospect. Whether you’re an investor seeking returns or an owner-occupier pursuing a space for your business, this property offers immediate rewards and promising long-term potential.

Key Features:
– Extremely rare 3 x freehold mixed use properties offered in one line or individually
– Large combined land area of 667sqm*
– 3 to 5 x rear parking spaces on grade, provided off the rear lane to 292 and 294 Bondi Road
– Current passing income $271,014* per annum
– Favourable Zoning – E1 Local Centre
– Opportunity to upgrade and reposition the residential apartments with district views^
– Prominent frontage to major Eastern Suburbs transport corridor
– On Bondi Roads thriving retail strip 500m* from Bondi Beach and 1.8km* to Bondi Junction
– Opposite the Merivale Royal Hotel/Tottis

*approx., ^STCA

For Sale Via Expressions of Interest Closing 30th November at 4:00pm.

For more information or to organise an inspection, please contact Steffan Ippolito 0403 347 111 and Daniel Cipolla 0450 633 644.