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Stonebridge Property Group has been appointed to sell 2 and 6 Bondi Road and 77 Old South Head Road, Bondi Junction, Sydney on behalf of the Mortgagee in Possession.
The properties comprise a vacant site with existing vehicular access, and two dual-frontage properties both currently deriving income from long-term accommodation operations. All properties benefit from R3 Medium Density Residential zoning.
Interest is expected from a wide range of prospective purchasers including residential owner-occupiers, operators of boarding house style businesses and developers looking at immediate redevelopment or longer-term land banking.
“This offering presents developers with short, medium and long-term development options to leverage the ideal combination of high-profile position and high-amenity location” Mr Blackledge said.
“Sydney’s eastern suburbs being one of Australia’s most highly sought-after residential areas will undoubtedly attract interest from residential investors and owner-occupiers alike” Mr Zhang said.
For sale either individually or in-one-line by Expression of Interest, closing at 4pm (AEST) on Thursday the 15th of June 2023.
