$7.1 million Bondi Beach whole apartment block sale
Alex Hart of Hart Estate Agents had given a price guide of around $5 million
Jonathan ChancellorApril 27, 2021
Investors have paid $7.1 million for an art deco block of six two-bedroom apartments in Sydney’s Bondi Beach.
The property was listed for auction through Alex Hart of Hart Estate Agents with a price guide of around $5 million.
The 38 Simpson Street property was bought by Peakdeed Properties No 1.
It had been held by the Armstrong family for nearly six decades.
There were two apartments per floor.
It came with an annual income of $185,000 and the suggestion there was room for improvement.
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.