A property developer has put a block of flats up for auction at a prominent Bondi Beach site, where a one-bedder rents out for $1000 a week — up 33 per cent in a year. 👇
1 Jaques Ave, Bondi, is scheduled for auction on August 24 with a $14m price guide.
Naturally the three-storey building has a lift; air-con; and the apartments have balconies, quality flooring; designer kitchens and bathrooms with premium fixtures and there are six car spots in the basement. Property records show Assouline, who is the founder and director of HSN Property Group, is the owner of the 499sqm block, tucked in behind the old Bondi Beach post office, and the applicant when the site’s redevelopment was before Waverley Council in 2012-13.Investors will no doubt be attracted to the high rents possible in the current high-demand environment — a 52 sqm one-bedder with parking at Unit 4 was rented at $1000 per week in april, a 33.
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