CBRE have been exclusively appointed by the Owners Corporation to offer a beachside residential development site at Bondi in Sydney's Prestige Eastern Suburbs.
Key Development Highlights:
- Site area of 1,120sqm
- R4 High Density Residential zoning with building height limit up to 28m
- Potential to achieve Gross Floor Area of 2,643sqm (STCA) based on FSR increases achieved by neighbouring properties
- Prime location and beachside proximity presents an excellent opportunity to capture growing downsizer market
- In close proximity to Bondi Junction, retail amenities, schools and world famous beaches
- Site is currently improved with a circa 1969 unit complex containing 12 units over three levels
52 Penkivil Street at Bondi is being offered as an amalgamated development site sale and will be sold via Expression of Interest with offers closing on Thursday, 7 March 2024 at 4pm (AEDT).
*All sizes, areas and measurements are approximate
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52 Penkivil Street, Bondi, NSW, 2026