1-6/49 Mitchell Street, Bondi Beach

SOLD $5,750,000

A Premium Beachside Asset, Block Of Six Offered In One Line, Blue-Chip Investment/Development On 411sqm approx.

A hot opportunity in the heart of Sydney's most in-demand beachside suburb, this entire Art Deco block of six apartments is offered for sale in one line. Just back from the golden sands and rolling surf of beautiful Bondi Beach, this exceptional investment prospect offers steady yields and capital growth as well as future development potential with scope for strata subdivision (STCA). A Bondi classic, the 1930s block retains its authentic charm with six well-proportioned apartments all in comfortable condition but with a massive upside. The under-capitalised landholding offers potential to add value with a complete revamp or retain as a solid income-earner on the doorstep of Sydney's most iconic beach. On a prime 411sqm approx landholding, this unique land asset is ideally suited to the developer or investor/SMSF buyer looking for a premium low-maintenance portfolio addition with a strong income stream, excellent rental demand and capital growth potential.

* Entire block of 6 for sale in one line
* Freehold beachside Art Deco building
* 411sqm approx, 14m street frontage
* Prized location, 500m to Bondi Beach
* 300m to Seven Ways new village hub
* A stable bricks and mortar land asset
* Steady low-maintenance income stream
* Capitalise on the booming Bondi market
* Ready renters in a high demand location
* Each with 2 bedrooms and 1 bathroom
* Classic high ceilings, polished floorboards
* Gas kitchens and classic high ceilings
* Shared courtyard at the rear of the block
* Revamp, renovate of fully develop STCA
* Exceptional capital growth potential
* Scope for future strata subdivision STCA
* One of Sydney's most prized addresses
* Quiet beachside neighbourhood pocket
* Walk to the sand, surf and ocean pools
* Stroll to world-class dining and shopping

Land Area:411m2
Location