Opportunity to purchase prime residential property with future development potential in the Bondi Junction area are few and far between. The property offers:

*8 x 1 bedroom character apartments
*Apartments would benefit greatly from stylish renovation
*Highly versatile home/business property or ideal investment
*Entry from Mackenzie street and Gardener street
*Minutes to Bondi Junctions Westfield shopping
*Strong returns, refurbishment potential, high-growth location
*The property is offered subject to existing tenancies, the latest of which expires on 19th February 2010.

This opportunity is well suited to an investor as is, or a developer looking to capitalise on a premier position.

Rates:
Council: $2397.83/pa (approx)
Water: $5200.45/pa (approx)
Average rent per unit $400/pw (approx)
Gross Annual return $161,720/pa (approx)
Coin operated laundry $3100/pa (approx)
Gross Total Annual Return $164,820/pa (approx)