This article is from the Australian Property Journal archive
MORE than 1,000 sqm of Bondi beachfront land, including the Noah’s Backpackers site, presents one of the largest development opportunities in Sydney’s exclusive eastern suburbs of the last decade.
The 2-12 Campbell Parade property encompasses the 260-bed backpackers, ground floor retail and an adjoining apartment block. It is on 1,087 sqm of land with B4 mixed use and R4 medium density zoning.
The property is listed with Colliers’ Miron Solomons, Matt Pontey and Henry Burke, in conjunction with Oxford Agency’s Daniel Marano and Ralph Garofano.
“This is by far the largest and most compelling development opportunity delivered on the eastern beaches in the last decade,” Solomons said.
“It is such an iconic gateway position and we will undoubtedly receive interest locally, interstate and internationally for this Bondi icon.”
“There has been a lot of discussion of late surrounding the achievements of off-the-plan sales in the Sydney CBD and nearby Double Bay where they are breaking new records of over $100,000 per square metre,” Pontey added.
“It is only a matter of time before the right development is delivered to Bondi Beach which will achieve these exceptionally high revenues in a market which arguably has better amenity and lifestyle.”
Expressions of interest close 5th May.
