Kiwis buy Bondi Beach retail

Kiwis buy Bondi Beach retail
Kiwis buy Bondi Beach retail

The Auckland-based Cook Property Group has emerged as the buyer of the Beach House Lane retail centre on Sydney's Bondi Beach.

It sold for $31.3 million, on a passing yield of 5.9 percent.

The 1166-square-metre fully-leased retail arcade runs from Campbell Parade to Curlewis Street, adjacent to Hotel Bondi.

It was reported as sold last month by Property Observer.

Cook Property, founded by commercial property investor Ben Cook, was also the buyer of the 14,760-square-metre Bunnings warehouse in Sydney's Eastgardens for $56 million last year.

Last year, Mr Cook bought one of Auckland's most expensive homes, when he paid $NZ24 million ($22.4 million) for a three-level, six-bedroom house in Herne Bay.

Jonathan Chancellor

Jonathan Chancellor

Jonathan Chancellor is one of Australia's most respected property journalists, having been at the top of the game since the early 1980s. Jonathan co-founded the property industry website Property Observer and has written for national and international publications.

Commercial Sale Bondi Beach

Community Discussion

Be the first one to comment on this article
What would you like to say about this project?