Bondi Beach, one of Australia’s most iconic and world-renowned destinations, is set to draw national and international attention from investors this month as 12 individual retail properties, underpinned by secure leases to blue-chip lifestyle tenants, are offered for sale.
Stonebridge’s Michael Collins, Tom Moreland, Philip Gartland, Alexander James-Elliott, Kevin Tong & Rorey James have been exclusively appointed to lead the marketing of the 12 individual investment offerings, comprising ‘The Beach House Lane, Bondi Beach’, via a formal National Expressions of Interest campaign.
The offering represents a rare opportunity for investors to own a ‘piece’ of Sydney’s coveted Bondi Beach, situated within a high performing retail precinct at the heart of Bondi’s bustling Campbell Parade and Gould Streets. The entry-level investments range in value from $1.5m to over $5m and are underpinned by long term leases to blue chip tenants including Aesop, Seafolly, Running Bare, General Pants, Tuchuzy, Sonoma Bakery and TSG Tobacconists.
Commenting on the campaign launch, Stonebridge Partner Michael Collins noted, “Sub $5 million, trophy style retail investments of this nature in Sydney’s Eastern suburbs, yet alone Bondi Beach, are extremely rare. We expect strong interest from many local, interstate, and international investors throughout Asia to participate in the campaign, drawn to the outstanding long-term real estate fundamentals Bondi provides.”
The retail assets are situated on a prominent corner, boasting triple street frontage within a food, lifestyle, and fashion mecca. The through-site laneway, from which ‘The Beach House Lane’ derives its name, provides unique connectivity from the beachfront on Campbell Parade through to Bondi’s core retail strip along Gould Street.
Stonebridge National Partner Philip Gartland added, “With over 3 million visitors to Bondi annually, driving huge levels of foot-traffic through this precinct, tenants have flourished and occupancy has remained high since completion in 2011. The 12 individual investments represent compelling opportunities, providing strong annuity style income and growth with CPI-linked or fixed annual increases of up to 4.75%.”
The 12 individual properties comprising ‘The Beach House Lane, Bondi Beach’ are for sale as part of Stonebridge’s National Investment Sales May Portfolio. The wider portfolio champions premium, long term leased investments across sought after segments, with security of tenure from the likes of Aldi, Guzman y Gomez, BP, KFC, Caltex Chevron, Eden Academy and Little Locals Childcare, among other quality standalone investment opportunities.
The 12 individual ‘Bondi Beach House Lane’ investments are for sale via Expressions of Interest closing Wednesday 3 May at 5pm.
For further information please contact the Stonebridge team:
Michael Collins | +61 404 023 204 | mcollins@stonebridge.com.au
Tom Moreland | +61 408 072 822 | tmoreland@stonebridge.com.au
Philip Gartland | +61 403 582 324 | pgartland@stonebridge.com.au
Alex James-Elliott | +61 407 651 373 | ajameselliott@stonebridge.com.au
Rorey James | +61 439 400 081 | rjames@stonebridge.com.au
Kevin Tong | +61 422 848 818 | ktong@stonebridge.com.au
