Bondi Junction

The long-awaited rejuvenation of the Club Bondi Junction RSL is officially underway following a formal ground-breaking, signalling the start of construction on the back of a successful project sell out.

The 80-apartment development by Australian development business, Capital Corporation, was launched in October 2020, selling 30 per cent of apartments in the first week on the market, with the final apartment sold just prior to the start of the construction phase.&nbsp;

The apartments have been designed by Group GSA, while the interiors are by renowned architects, Koichi Takada.

With a focus on form and function, each home has been designed to celebrate both the city and the sea, with each apartment following an open-plan design, adjoining onto spacious balconies offering views across Bondi and Botany Bay.

Capital Corporation Director, Jim Hunter said the strong sales in 2021 triggered the early construction start, with the flow of buyers following on from there.

&ldquo;Our last sale recently finalised, and the construction program has officially begun, signifying to the community that the project is full steam ahead,&rdquo; he said.

&ldquo;This is such an exciting project that provides both a longstanding future for the Club, modern living facilities and terrific benefits for the community,&rdquo; Hunter added.

Bond is set to revitalise the precinct streets into a buzzing community hub, with the reinvention and modernisation of Club Bondi Junction RSL also planned, which will sit beneath the apartments.

Part of the area&rsquo;s regeneration includes opening the street frontage on the corner of Gray Street and Bronte Road into a welcoming and dynamic location, with an array of cafes and dining options.

Capital Corporation worked closely with Group GSA, to renew and restore aspects of the Club&rsquo;s heritage, while also creating a contemporary facade.

Bondi Junction RSL Club President, Bill Harrigan said they&rsquo;re looking forward to the transformation, attracting all members of the community.

&ldquo;I am excited about the creation of a different type of club, one that attracts not only veterans and their families but all of the community.&rdquo;

With the inclusion of the function spaces and the new restaurant, we expect the club to be a central spot for social connection,&rdquo;&nbsp;Harrigan said. &nbsp;

The 10-level residential project will be crowned by a landscaped rooftop area, created by Urbis, complete with an outdoor cinema, barbecue areas and a yoga lawn.&nbsp;

National Director at Colliers Residential, Blake Schulze, said the project had attracted buyers from the Eastern Suburbs, many of whom purchased multiple apartments, with one as their main residence and the second as either an investment or for another family member or adult child.

&ldquo;We experienced significant demand for Bond from local families and returning Australian expats,&rdquo; he said.

&ldquo;This demand resulted in strong sales, even during our most significant lockdown period of 2021.&rdquo;

After partnering on two successful projects, Veridian in Kogarah and Esplanade in Norwest, Capital Corporation appointed Westbourne Constructions as the builder in December 2021 with construction now officially underway.

[smartcode_project_cta: project_id=31636]

With a focus on form and function, each home has been designed to celebrate both the city and the sea, with each apartment following an open-plan design, adjoining onto spacious balconies offering views across Bondi and Botany Bay.



alisonwarters@gmail.com

Bondi Junction RSL Club build kicks off just as project completely sells out

HSN Property Group&rsquo;s Bondi Junction project, Ellipse is nearing completion, with the oval structure set to deliver a collection of apartments in one of Sydney&rsquo;s most sought-after locations.

Designed by nationally acclaimed Architect James Tonkin, in collaboration with award-winning Yvette Philips Interior Design, Ellipse comprises two and four-bedroom apartments, with master bedrooms equipped with an ensuite and private balcony, as well as internal laundries.

[smartcode_project:default project_id=109122 project_image_fid=200031]

With only four, two-bedroom apartments and one&nbsp;four-bedroom apartment remaining, three with custom linen-covered built in wardrobes, Ellipse has marked itself as a rarity in the suburb, with the project&nbsp;set to be the last building to be developed on Waverley Crescent.

1st City are handling the sales of Ellipse, with agent&nbsp;Yaron Foghel saying they&#39;ve seen mostly&nbsp;downsizes and young professional couples interested in the Bondi Junction project.

&quot;Most of the Bondi Junction developments are around Oxford Street,&quot; he said.

[smartcode_project:default project_id=109122 project_image_fid=200033]

&quot;Ellipse is closer to Woollahra and Bondi Beach where there are no high rises around and it&#39;s close by to a handful of parks, making it a very different and better location,&quot; Foghel added.&nbsp;&nbsp;

Following an&nbsp;open plan living, apartments open out to multiple balconies throughout the home, including a north-east facing balcony that captures city skyline aspects and water views.

Kitchens will feature a statement &lsquo;Statuario&rsquo; marble island bench, benchtops and splashback, complete with Wolf and Miele appliances and Sub-Zero fridge/freezers. Apartments come with two car spaces and storage, benefiting from lift level access as well as an entrance lobby.

[smartcode_project:default project_id=109122 project_image_fid=200036]

With a distinct curved fa&ccedil;ade made up of pre-cast concrete, the complimenting marble and natural tones throughout tie the building to its surrounds.

Crowning Ellipse is a shared rooftop space, decked out with a fire pit and seating areas, allowing residents to soak in the surrounding CBD and ocean views.

Landing on Waverly Crescent, residents are just minutes from a range of amenity, including the infamous Bondi Beach.

[smartcode_project:default project_id=109122 project_image_fid=200034]

&ldquo;The living possibilities are infinite at Ellipse Residences. You are only minutes away from everything you need, the beach, Westfield Bondi Junction, Sydney CBD, educational institutions, local conveniences, public transport, organic cafes, vibrant bars and restaurants,&rdquo; a HSN spokesperson said.

[smartcode_project_cta: project_id=109122]

Landing on Waverly Crescent, residents are just minutes from a range of amenity, including the infamous Bondi Beach.




Bondi Junction apartments, Ellipse, near completion 

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A Bondi Junction apartment site permit-ready for a five level apartment building, has sold for around $9 million. 

The incoming developer intends to proceed with the approved project at 110-116 Bronte Road.

The Bureau SRH designed complex will contain 20 dwellings, two shops and basement parking at the corner of Bronte Rd and Porter St.

Cohen Handler development and commercial acquisitions director Tas Costi represented the purchaser

Metro Commercial’s Zorick Toltsan was the selling agent of the site known Metropolitan 2022.

The developer Three Chefs Hats had paid $4.9 million in 2015 for the site on delayed settlement terms that saw a 2017 settlement. The retail premises have been occupied by Worldwide Travel, Medani Bakery and Awaken Life Chiropractic.

It has previously brought projects to market at Rose Bay and Bellevue Hill.

The development application was first lodged in 2014 with the 110–116 Bronte Road application the subject of Land and Environment Court (LEC) appeal in 2017. 

The Waverley Council noted the determination of the appeal saw the LEC ensure compatibility with the current street character as well as the desired future street character as set by the WLEP2012 and the WDCP 2012.

The appeal for 110–116 Bronte Road was determined  by Commissioner O’Neill who noted the requested exceedance of the height of buildings development standard was not justifiable on the basis of the form and height of the nearby Waverley telephone exchange building, nor its corner position.

The one and two bedroom units were offered by Richardson and Wrench-Bondi Junction agent Andre Frack in 2018  when completion was expected for late 2020. 

The apartments that all come with 15 sqm terraces were initially prices from $945,000 for one-bedroom units spanning 50 sqm internally. They were priced to $1.19 million. 

The two-bedrooms have about 80 sqm of internal space answer listed for between $1.6 million and $1.9 million.

No new pricing intentions have yet emerged.
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The Bureau SRH designed complex will contain 20 dwellings, two shops and basement parking at the corner of Bronte Rd and Porter St.

jchancellor

Bondi Junction site with five level apartment development plans sells for around $9 million

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A trophy fast food asset at Bondi Junction has been listed for sale for the first time.
It's been the home of Guzman y Gomez since 2006. It was the Mexican fast food giant's second store to ever open in Australia.
Before that it was occupied by Giorgio's Fine Foods.
The property at <a href="https://www.realcommercial.com.au/property-retail-nsw-bondi+junction-503270142" target="_blank">1a Bronte Road</a> has a secure income of $189,199 per annum plus GST, with a fixed four percent annual rent increase.
The two storey freehold investment is zoned B3 Commercial.
Cushman &amp; Wakefield agents Anthony Bray and Yosh Mendis have an August 22 auction.
There will be remote bidding facilities in Brisbane and Melbourne.
The last sale on the small section of Bronte Road opposite Westfield was in 2003 when 3A-5 Bronte Road, the old Bondi Junction Medial Centre, sold for $8.9 million.
It is currently leased to Suncorp.
 
 
 
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jrobinson-rf4aSBido9

Bondi Junction fast food trophy asset listed for the first time

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Fashion designer turned property developer Danny Avidan sold a grand Victorian terrace in Bondi Junction midweek after its failed May auction.
The four-bedroom 1890s Grafton Street terrace was bought as an investment in 2016.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2019/6/29/bondi%202.jpg" alt="">
The Point Piper-based husband of fashion designer Charlie Brown paid $2.25 million.
There was a $2.25 million guide then a $2 million post-auction update from Ray White’s Ashley Bierman.
It has been a $1750-a-week rental.
Avidan first came to prominence with his Discovery label in 1984.
This article was first published in the Saturday Daily Telegraph.
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firstname1-iYD4UYzvBa

Developer Danny Avidan sells Bondi Junction terrace

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Suspended Edgecliff solicitor Mark O'Brien, who is being investigated over claims he misappropriated almost $6 million in trust money, has sold his Bondi Junction home.

O'Brien and wife Therese paid $3,425,000 for the home less than 12 months ago. It was mortgage free.

It sold after spending nearly three months on the market through Sydney Sotheby's agent Joseph Raskin, who didn't offer a price guidance.

Mark Leo O'Brien, who until recently worked at Edgecliff firm Harrington Maguire and O'Brien, has been suspended from practising after his business partner became wary of his ability to afford a $3.4 million Bondi Junction home.

[smartcode_project:default project_id=7758]

There was an application before Supreme Court by the Law Society of NSW applied to freeze the assets.

"Facts incidentally came to the attention of the solicitor's law partner who, knowing intimately the profitability of the practice, was set to wondering about how his law partner had been able to afford an expensive new house at Bondi," Justice Campbell said in an April 4 judgment.

The O'Briens offered to pay the net proceeds of the sale of the property to the Law Society.

This article was first published in the Sunday Telegraph.
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Suspended Edgecliff solicitor Mark O'Brien sells Bondi Junction home 

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Having stepped down as the boss of the Australian Film Television and Radio School to move to the UK, film producer Neil Peplow and partner, former Screen Australia executive Nathalie Peter-Contesse, dramatically secured the sale yesterday of their Bondi Junction home.
The couple paid $2.53 million in 2015 for the modernised 2005-built terrace, not far from the set-to-be redeveloped Waverley bus depot.
The terrace, which came with $3.3 million hopes through McGrath, was passed in on a $3.05 million vendor bid. But Peplow, who is joining the British Film Institute as director of international affairs, agreed soon after to accept a $3,025,000 offer, but then the only other bidder, still hovering around, bumped up her post-auction offer to $3,037,000.
Meanwhile the estate agent involved in the sale copped a parking ticket as events unfolded inside the St James Rd offering.
This article was first published in the Sunday Telegraph.
 
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UK film producer Neil Peplow sells at Bondi Junction

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The former Bondi Junction commercial space of the Traditional Chip Shop is being offered with no rental payments until next year.
The Traditional Fish Shop had had a brand new lease term of 10 x 10 years when the property at 1/78 Bronte Road sold two years ago for $1.74 million.
They were paying $104,000 per annum for the lease. The shop has been up for lease since May when it was asking $93,600 per annum.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/11/19/chip2.jpg" alt="">
The two level property, which was marketed as recently built when sold in 2016, has 165 sqm space including the loading dock and storage area.
It is equipped with a grease trap, cool rooms and freezer.
The Brit-targeted Traditional Chip Shop was set up by an Irish couple living in Sydney. 
TV chef Colin Fassnidge, from Dublin, was on hand at the official opening in 2015.
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Bondi Junction's former Traditional Chip Shop space offering free rent until 2019

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A site of six amalgamated properties is on the market in Bondi Junction, with price expectations around $40 million.
Charles McKenzie and Trent Gallagher of Colliers International are selling the 2,679 sqm parcel alongside James Nixon of Belle Property through an international expressions of interest campaign.
Notably, owners Steve and Carmen Davidson have been approached numerous times to sell the site, prior to it being launched to market.
The six properties for sale in one line have an Oxford Street frontage and prominent corner location Denison Street and Mill Hill Road.
The four commercial and two residential properties are located at 45, 47-49 and 53-57 Oxford Street; 5-7, 9 Denison Street and 2 Mill Hill Road at Bondi Junction.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/31/Bondi%20Junction%202.jpg" alt="">
Trent Gallagher, National Director, Sales and Leasing at Colliers International said, “The site is surrounded by major destinations and is just 300 m from Bondi Junction’s main transport interchange and 40 0m from Westfield’s Bondi Junction Mall.
James Nixon of Belle Property said, “With B4 Mixed use zoning, this site gives investors, developers and owner occupiers the opportunity to capitalise on the land’s strong development upside and holding income.”
The expressions of interest campaign ends on the 28th of November.
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j.ballantyne1990-6AQqhLzZaK

Six combined Bondi Junction lots with $40 million expectations

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<div>The Jaycar Electronics, Bondi Junction premises sold at auction this morning for $4,445,000.</div>
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<div>It was listed by a syndicate headed by Sam Brewer.</div>
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<div>Jaycar recently renewed the lease until 2022 for the 125 Bronte Road premises.</div>
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<div>They are a national tenant with 100 stores through Australia and New Zealand.</div>
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<div>Jaycar have been at this location since 2006, auctioneer David Scholes noted.</div>
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<div>The site (pictured above) recently secured DA approval for a four level boarding house with 21 studio apartments.</div>
<div>
It is set over 424 sqm.
The property currently has a net income of $217,350 pa + GST and a net lease with tenant paying 100% of all outgoings, as per lease with fixed 3.5% increases annually.
<img src="https://res.cloudinary.com/dz9xllyip/image/fetch/c_scale,w_580,q_auto:good/https://s3-ap-southeast-2.amazonaws.com/po.images/2018/10/4/Jaycar%202.jpg" alt="">
The corner has three street frontages (pictured above).
The property last sold for $2.04 million in 2014.
</div>
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