$20 million Hall Street, Bondi Beach site sale

$20 million Hall Street, Bondi Beach site sale
$20 million Hall Street, Bondi Beach site sale

A Bondi Beach development site has been sold off market for a reputed $20 million.

It is currently a block of two apartments and a commercial shop, boutique retailer Mister Zimi is located on the ground level at the 43-45 Hall Street property.

It was a prized land offering of 1180 sqm.

Jeremy Wiesner at new agency Wiesner Property sold the property quietly off-market, with the undisclosed buyer intending on developing the site at some point.

The precinct's last major development was the Boheme project.

Hall Street, just off the beach, has seen a flurry of activity in recent times.

A commercial block across the street sold for $5 million earlier this year. It's the home of the ground level Rice Pot Restaurant and Gertrude & Alice Cafe, with a number of apartments above.

Last year Australia Post sold the Bondi Beach Post Office for $10 million when bought by Jamie Nemtsas, the co-founder of ASX-listed Murray River Organics.

Hall Street leads off the beach fronting Campbell Parade promenade, where in the last few months some of Bondi's most iconic commercial properties have sold.

The most recent was Icebergs Dining, which was sold for around $15 million by adman John Singleton.

The Australian reported it has been snapped up by the O'Brien Group, Australia and New Zealand's largest privately owned hospitality, entertainment and leisure company.

In late 2016 Bondi Backpackers sold for $15,512,000 to the Millet family, the family behind the international Wake Up! hostel chain.

The sale came shortly after Bondi's landmark 1951 Bates Milk Bar premises sold for $19.12 million.

The sale came to light through a post on Wiesner’s Instagram account.

 million Hall Street, Bondi Beach site sale

 

 

 

 

 

 

 

Joel Robinson

Joel Robinson

Joel Robinson is a property journalist based in Sydney. Joel has been writing about the residential real estate market for the last five years, specializing in market trends and the economics and finance behind buying and selling real estate.

Tags: 
Redevelopment Bondi Beach

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