229 Bronte Road, Waverley

SOLD $3,660,000

Pure Potential On The High Street, Mixed-Use 1920s Block Of 4 For Sale In One Line

Renowned for its heritage streetscape and authentic village feel, Charing Cross was established in the mid 19th century and today stands as a lively community hub between the lifestyle hubs of Bronte Beach and Bondi Junction. Right in the heart of the village, 'Nindi' is a freehold Mixed-Use character building comprising two high-visibility retail/commercial premises on street level and two separate semi-style apartments on the first level. With its cafe-lined high street and charming mix of cafes, independent boutiques and gourmet delis, the Charing Cross precinct of Waverley has transformed over the past few years to become one of the east's local hotspots. An incredible landbank asset, this two-storey property offers four separate tenancies with a strong income stream and HUGE POTENTIAL UPSIDE FOR INCREASING THE CURRENT YIELD. Retain as a valuable landbank asset or explore the potential to develop (STCA).

- Land size 278 approx.
- Prominent 2 storey Mixed Use building
- 4 separate tenancies offers a prime investment
- 11m wide approx. frontage to Bronte Road
- 2 high-visibility commercial spaces fronting Bronte Road
- Each retail space (rented separately) 67sqm approx.
- Upstairs features 2 semi-style 3 bed apartments in basic condition (each with separate entry)
- High ornate ceilings, leadlight windows
- Each apartments living/dining opens to a large terrace with open outlook
- Current Gross Annual Return as of July '25 - $210,000 per annum approx.
- Potential to renovate and add substantial value
- E1 Local Centre zoning, future upside
- Easy access to Bondi Junction and Bronte Beaches

Land Area:278m2
Outgoings
Water Rates:$711.72 Quarterly
Council Rates:$1412.30 Quarterly
Location