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

April 4, 2022

122-128 Hewlett St Brontehttps://www.domain.com.au/122-128-hewlett-street-bronte-nsw-2024-2017316008Sold for $45m 9th Feb 2022  Gross income $899,285 Total outgoings $289,363Sydney’s largest apartment block sale https://www.realcommercial.com.au/news/sydneys-largest-apartment-block-sale-ever-as-fortis-group-pays-45m-in-bronte122-128 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)For more content, chat and property tips, be sure to find me:Facebook:https://www.facebook.com/ChrisGraySydneyInstagram:https://www.instagram.com/chrisgrayempireBook a free, confidential mini strategy session with our property expert Luis Lequerica:https://calendly.com/yourempire/15minOr simply, get in touch with us today on our contact page to discuss your requirements.

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