The property at 20-24 Llandaff Street is situated in the eastern suburb of Bondi Junction, located six kilometres east of the Sydney central business district. Bondi Junction is an established retail, commercial and residential precinct making it Sydney’s fifth largest business district and features high-density residential developments close to the commercial centre.
The property is within close proximity to all necessary amenities including retail, education, child care, public transport, sporting amenities and parks. The Bondi Junction Transport Interchange is within 600 metres providing regular train and bus services to the CBD and surrounding suburbs. Westfield Bondi Junction is 300 metres away with Bondi Beach and Centennial Park approximately 3.5 kilometres away. Nearby schools include Holy Cross Catholic Primary School, St Charles’ Primary School, Waverley Public School, Bellevue Hill Public School and Montessori East Primary & Pre School to name a few.
Over the last few years there has been several high-rise mixed used buildings development within the Town Centre. The increased desirability of Bondi Junction as a development market is the difficulty of securing sites.
The proposed development of twenty-six residential apartments comprise of 18 x one bedroom and 8 x two bedrooms + study apartments above a two level basement carpark on the site. It will have a communal roof terrace.
There are no pre-sales on the development as the Borrower intends to build and hold the development for rental income.
Estimated development progress as at 13 December 2019