Property ID: 1P6153
85 Bondi Road Bondi NSW
Asking $3.5million
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Retail
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For Sale
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208 sqm
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221 sqm
National Tenant - Development Upside - Tightly Held Retail Strip
Gunning Real Estate is pleased to present this 2-level freehold building with future development upside.
The whole building is leased to Dominos Pizza: Ground floor being used as take-away/kitchen and first floor being used as residence for Dominos' employees. Also on the property title is a large car park at the rear being used for scooter parking and delivery.
There is capacity to build a residential building on the rear car park (up to 4 stories, subject to council approval) as evidenced by other developments built on the same rear lane.
LOCATION:
In the heart of Bondi: 1.4km from Bondi Beach; 1km from Bondi Junction; Convenient location surrounded by an array of boutique shops, cafes, restaurants.
LEASE DETAILS:
- Fully leased to Dominos Pizza
- Lease expires in August 2025 with a further 5-year option to renew
- Market rent review at option
- CPI rent increases annually
- Current rent: $98,134.36 per annum + GST
- Tenant paying 100% of council rates and water bills
LAYOUT:
- Ground Floor: Front counter & waiting area + Kitchen + Cool Room + Food prep & wash up area + Own access to backyard
- First Floor: 3 bedrooms + Balcony + Bathroom + Kitchen + Own access to backyard
- Lower Ground Floor: Basement storage + Car park at rear
PlANNING INFO:
- Floor space ratio: 1.5:1
- Maximum building height: 13m
- Zoning: E1 Local Centre under Waverley Council LEP
KEY FEATURES:
- Land area: 221sqm
- Building area: 208sqm
- Tightly held location in major Eastern Suburbs thoroughfare
- National tenant
- Potential to build additional residential structure at the back (S.T.C.A)
- Walking distance to Bondi Beach and Bondi Junction
For more information or to inspect the property, please contact:
William Wu
0450 250 123
williamw@gunningre.com.au
William Gunning
0413 610 194
williamg@gunningre.com.au
The whole building is leased to Dominos Pizza: Ground floor being used as take-away/kitchen and first floor being used as residence for Dominos' employees. Also on the property title is a large car park at the rear being used for scooter parking and delivery.
There is capacity to build a residential building on the rear car park (up to 4 stories, subject to council approval) as evidenced by other developments built on the same rear lane.
LOCATION:
In the heart of Bondi: 1.4km from Bondi Beach; 1km from Bondi Junction; Convenient location surrounded by an array of boutique shops, cafes, restaurants.
LEASE DETAILS:
- Fully leased to Dominos Pizza
- Lease expires in August 2025 with a further 5-year option to renew
- Market rent review at option
- CPI rent increases annually
- Current rent: $98,134.36 per annum + GST
- Tenant paying 100% of council rates and water bills
LAYOUT:
- Ground Floor: Front counter & waiting area + Kitchen + Cool Room + Food prep & wash up area + Own access to backyard
- First Floor: 3 bedrooms + Balcony + Bathroom + Kitchen + Own access to backyard
- Lower Ground Floor: Basement storage + Car park at rear
PlANNING INFO:
- Floor space ratio: 1.5:1
- Maximum building height: 13m
- Zoning: E1 Local Centre under Waverley Council LEP
KEY FEATURES:
- Land area: 221sqm
- Building area: 208sqm
- Tightly held location in major Eastern Suburbs thoroughfare
- National tenant
- Potential to build additional residential structure at the back (S.T.C.A)
- Walking distance to Bondi Beach and Bondi Junction
For more information or to inspect the property, please contact:
William Wu
0450 250 123
williamw@gunningre.com.au
William Gunning
0413 610 194
williamg@gunningre.com.au
