46C Birrell Street, Bondi Junction
DECEASED ESTATE - ENTIRE ART DECO BLOCK OF 6 x 2 BEDROOM APARTMENTS
Tightly held by one family and now on the market for the first time in over 50 years, this expansive two level Art Deco block offers a rare and exciting opportunity for both developers and investors. It comprises six 2 bedroom apartments with three properties on each floor. They are of varying size and all feature original period details. Representing the perfect project for refurbishment, the potential to recreate and capitalise with a slick boutique complex is significant. On the northern side of Birrell Street, its value is substantially enhanced by its wonderful convenience in close proximity to Bondi Junction Station, Westfield, professional services and quality eateries, with beautiful Centennial Park and popular beaches all close at hand.
Art Deco block, huge scope to recreateSix 2 bedroom, 1 bathroom apartmentsGas kitchens with separate lounge/diningHigh ceilings, ornate cornices, pic railsWalk to bus, rail, shops, eateries, cinemaMoments to parks, easy access to CBDEnormous scope to develop & capitaliseEver-popular area with ongoing growth
LAND SIZE
370 square metres (approx)
ZONING
Residential R3-Medium density
RENT SCHEDULE & INCOME
Unit 1 $ 26,000 PER ANNUM Expires on 10 May 2016
Unit 2 $ 24,700 PER ANNUM Expired
Unit 3 $ 25,480 PER ANNUM Expires on 6 August 2015
Unit 4 $ 24,700 PER ANNUM Expired
Unit 5 $ 24,440 PER ANNUM Expired
Unit 6 $ 25,480 PER ANNUM Expired
Annual Income $150,800
OUTGOINGS
Water Rates $6,094 per annum
Council Rates $3,375 per annum
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Bondi Junction
This is an increasingly popular residential suburb with a wide variety of architectural styles from elegant Victorian terraces, Federation homes, weatherboard cottages and modern high-rise apartments mixed with a commercial centre. Despite some modernisation, traces of the suburb's heritage remain visible in the retail buildings along Oxford Street and Bronte Road. A popular shopping area featuring Westfield Shopping Centre and Eastgate, with a huge selection of department stores, supermarkets, cinemas and specialty stores. Close to Centennial Park, which boasts walking/jogging and cycle tracks, horse-riding, picnic facilities, rollerblade tracks, barbecue facilities, and vast areas for football. A short drive to Bondi Beach, local golf courses, Randwick Racecourse and Moore Park sporting facilities. Just 5km from the city centre and is well serviced by trains and buses from the Bondi Junction transport interchange.
Suburb Features
Education
- Moriah College
- Reddam House Primary School
- Waverley Public School
- Woollahra Public School
Recreation
- Cooper Park
- Waverley Park
Restaurants
- Osteria Riva
- Ruby's Diner
- The Eastern
