$45 Million in Bronte for Redevelopment | WHAT DO YOU THINK, CHRIS? | Ep 117

 

122-128 Hewlett St Bronte

https://www.domain.com.au/122-128-hewlett-street-bronte-nsw-2024-2017316008

Sold for $45m 9th Feb 2022
Gross income $899,285
Total outgoings $289,363

Sydney’s largest apartment block sale
https://www.realcommercial.com.au/news/sydneys-largest-apartment-block-sale-ever-as-fortis-group-pays-45m-in-bronte

122-128 Hewlett Street is a once in a lifetime opportunity to secure a large-scale residential investment in one of Sydney’s most affluent beachside suburbs of Bronte. The property is strata titled and offers the ability to sell-down each unit, revert rents to market value, renovate and refurbish or re-develop into high end luxury apartments (STCA).

NOTES
• First time offered to the market
• Total of 22 oversized apartments consisting of 2 and 3 bedrooms dwellings (16 x 2 beds 6 x 3 beds)
• Total of 26 car parks, 22 lock up plus 4 visitor
• Substantial 2,428sqm* beachside location perched on the hill.
• All apartments are desirably featured with a minimum of 3 frontages providing unobstructed natural light and ventilation throughout all aspects of every apartment
• Gross Floor Area: 2,191sqm*
• Panoramic ocean and beach views from ground level
• Segmented across 4 separate buildings, each boasting lobbies and direct access to private parking
• Significant landmark residential investment in one of Sydney’s most affluent beach side suburbs of Bronte
• Desirably positioned on the doorstep of Bronte Beach and moments from Tamarama Beach, Bondi Beach, Bondi Junction, and Sydney CBD
• Ability to re-develop, add value, sell-down or hold as a secure investment (STCA)

 

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