57 Glenayr Avenue, North Bondi NSW 2026

Representing an outstanding North Bondi opportunity, here is a wonderfully unique chance to purchase an entire block of 4x 2-bedroom apartments in a prime, highly sought-after near-beach position. Set on a good-sized block of land and offering a range of potential options, prospects such as this come along very rarely in the Bondi district, making this a chance of great significance.

Nestled in a quiet but central street, just metres to the café hub of 7-Ways and a near-level easy walk to the beach itself, the property is currently configured as 4 great-sized apartments set over 2 levels. Each has 2 bedrooms, generous living/kitchen areas, front and rear outdoor spaces, plus common front and rear yards. Orientated East to West and thus benefitting from both morning and afternoon sun, this classic Art Deco block presents exciting scope for a number of possibilities.

A fine investment as-is, offering good rental yield, there is undoubted potential for the creation of something special at this address. Renovation of each unit to create modern beachside apartment living is an option, as is the possibility of conversion to a spacious single dwelling (all STCA). In a neighbourhood renowned for its community atmosphere and coastal convenience, this is a once-in-a-generation chance awaiting the perceptive buyer.

Features;
- Entire block of 4 beachside apartments
- Semi-like 2-bedroom apts, Art Deco block
- Great investment/chance to develop (STCA)
- All units tenanted, with good rental yield
- Wide front garden and grassed rear yard
- East/west-facing, all units w outdoor areas
- Mins to Bondi Beach and just steps to 7-Ways
- Incredible opportunity for astute purchaser

Size: Apt 1 & 2 approx. 74sqm + approx. 11.5 sqm balcony
(as per floorplan – Bortex Pty Ltd)
Apt 3 & 4 approx. 75sqm + approx 11.5 sqm balcony
(as per floorplan – Bortex Pty Ltd)
Landsize: approx. 366sqm (as per contract)
Water rates: $741.00 pq
Council rates: $863.80 pq
Previous gross rental income P/A $113,157.30
*Apt 2 & 4 - now vacant as of March 2020

Ian Wallace 0416 251 073
Jason Taylor 0412 757 470