A unique opportunity exists to acquire this amazing gateway location site of c.1,670sqm on 3 substantial street frontages [Old South Head Road (c.20m), Bondi Road (c.24m) and Ben Eden Street (c.43m)].
The site currently comprises 5 allotments and is located c.350m walking distance to Bondi Junction shopping and transport.
The size and location of this site offers the opportunity for the astute developer (subject to approvals) to press for development rezoning and uplift and ultimately create a landmark Gateway Eastern Suburbs project.
The site is currently zoned R3 - Medium Density Residential with an FSR of 0.9:1and 12.5m height limit (source NSW Planning). Recent Bondi Junction approvals include various consents via VPA for enhanced GFA and a successful planning proposal for significant FSR and Height controls.
Views toward the city and then the harbour are captured from within the current height control envelope.
This tightly held precinct has a very limited availability of these types of large-scale development sites.
Information Memorandum, along with further details are available upon request.
"With this proposed development, there is an opportunity to generate a 'gateway' form that would both stand proud of the precinct typologies to reinforce the sense of arrival and morph into the surrounding building typologies to connect the two precincts". (Custance Associates Australia Pty Ltd).
Receivers & Managers Appointed
