The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Interested in a Corporate TUD+ Membership? Access premium content, site tours, event discounts and networking opportunities
Interested in a Corporate Membership? Access exclusive member benefits today
Enquire NowEnquire
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Partner Lab
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
6
print
Print
OtherWed 10 Feb 21

Bondi Beach Site Hits the Block

30fd02a4-2d01-49b5-8d89-c58e493ead1d

A Melbourne family are offloading the former home of Westpac at Bondi Beach, capitalising on-demand in the popular beachside suburb.

Located at 26 Hall Street, the freehold property will go to auction on behalf of George and Heidi Koumantatakis, who also once owned the Chapel Street property housing the Commonwealth Bank.

Property records show the Bondi Beach site last transacted for $6.4 million in 2013.

Miron Solomons and Matt Pontey of Colliers are managing the deal, comprising 512sq m of land with mixed-use zoning, promoted to the market as a potential development site or investment.

▲ The former Westpac branch Bondi Beach, 26 Hall Street, will go to auction.


Recent sales in the area include the mixed-use building, housing Ben & Jerry's ice cream shop, at 134 Campbell Parade for $26 million, and a block of flats owned by Auschwitz survivor Freda Feuerstein.

Located at 56 Campbell Parade Bondi Beach, Feuerstein had purchased the block in 1958, which sold to gym founder of F45 for $20.65 million.


General Gordon Hotel sells

In Sydney's south-west, the partially rebuilt General Gordon Hotel located opposite Sydenham train station has changed hands for $30 million in an off-market sale.

The hotel was damaged by fire in 2018, and has since been rebuilt, due to open in April this year.

Feros family-backed JDA Hotels purchased the pub for approximately $30 million from vendors, private group White & Partners.

Andrew Jolliffe and Dan Dragicevich of HTL Property negotiated the sale.

▲ The partially rebuilt General Gordon Hotel located opposite Sydenham train station sold for $30 million in an off-market sale.


Investors have been circling pubs and hotels taking advantage of low-interest rates.

The Bidwell Hotel in Western Sydney was snapped up by publican family the Laundys’ for $35 million in December last year.

Recent sales also include The Courthouse Hotel and the Kinselas Hotel in Surry Hills, snapped up by investment group Moelis Australia for a combined price of $67 million in December.

And last month, listed pub owner Redcape added another hotel to its growing portfolio, snapping up a prominent tavern in Penrith from FAL Group for $30.5 million.


HotelAustraliado not useDeal
ADVERTISEMENT
TOP STORIES
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
Fraser and Partners founder Callum Fraser
Exclusive

Saving Our CBDs: Architect’s Blueprint Paves Way for Office-to-Resi that Works

Leon Della Bosca
8 Min
Exclusive

Watchdog’s Court Loss Throws Spotlight on Union Balancing Act

Clare Burnett
6 Min
Time and Place's The Queensbridge Building at 90 Queens Bridge Street in Melbourne's Southbank.
Exclusive

Innovation Keeps Time & Place’s Southbank Skyscraper Rising

Marisa Wikramanayake
6 Min
Breathe Architecture founder Jeremy McLeod in front of his Featherweight Home design
Exclusive

Nightingale Founder’s Bid for Affordable Architectural Kit Homes

Leon Della Bosca
7 Min
View All >
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
West End Stockwell Vulture Street DA hero
Development

Stockwell Files Tower Plans in West End Stomping Ground

Phil Bartsch
The 16-storey mixed-use proposal comprises 132 apartments and 602sq m of retail/commercial tenancies...
LATEST
Exclusive

Brains, Guts and Determination: How Salvo Property Shapes Melbourne’s Skyline

Marisa Wikramanayake
5 Min
PBSA DA Hindmarsh Square student accomodation tower
Student Housing

Student-Friendly Adelaide Draws 35-Storey PBSA Proposal

Renee McKeown
3 Min
West End Stockwell Vulture Street DA hero
Development

Stockwell Files Tower Plans in West End Stomping Ground

Phil Bartsch
3 Min
Novus on Victoria Chatswood
Build-to-Rent

Novus Plots Second BtR Tower for Chatswood

Renee McKeown
2 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/bondi-beach-site-hits-the-block