{"id":35821,"date":"2021-12-01T06:06:19","date_gmt":"2021-11-30T17:06:19","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=35821"},"modified":"2021-12-01T06:06:19","modified_gmt":"2021-11-30T17:06:19","slug":"great-bondi-sell-off-owners-band-together-for-maximum-impact","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/great-bondi-sell-off-owners-band-together-for-maximum-impact\/","title":{"rendered":"Great Bondi sell off: Owners band together for maximum impact"},"content":{"rendered":"

PHOTO: 27 Hall St, Bondi Beach, may fetch $20m at the December 13 auction, the agents say.<\/strong><\/p>\n

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The individual owners of two shops and six apartments have banded together to sell their building for maximum impact \u2026 they have a $20m price guide for a December 13 auction.<\/p>\n<\/div>\n

And the odds are looking good for the eight owners, given the red-hot location of the 593 sqm site at\u00a027 Hall St, Bondi Beach<\/a>\u00a0and some sales across the road earlier in the year.<\/p>\n

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James Packer smashes Bondi Beach record with $29 million sale of his bachelor pad<\/a><\/h2>\n<\/header>\n<\/div>\n

The new owner could upgrade the current 1935-era building \u2014 which generates an income of $457,000 per annum \u2014 and, subject to council approval \u2014 build a new block of units on the land behind.<\/p>\n

\u201cThe eight owners were discussing whether to upgrade the building or take advantage of its development potential,\u201d says Jeremy Wiesner of Wiesner Property, who shares the listing with Jerry Leis and Allan Levy of Metro Commercial.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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