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Amalgamated Site in Bondi Junction Hits the Market

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Six properties for sale in-one-line has hit the market in Sydney's Bondi Junction, with price expectations of around $40 million.

The six amalgamated properties, four commercial and two residential, has Oxford Street frontage and spans Denison Street and Mill Hill Road in one of Sydney’s most tightly held suburbs.

Owners of the 2,679sq m parcel, Steve and Carmen Davidson, had been approached numerous times to sell the site prior to it finally hitting the market.

Colliers International’s Charles McKenzie and Trent Gallagher alongside Belle Property’s James Nixon is managing the deal, located at 45, 47-49 and 53-57 Oxford Street, 5-7, 9 Denison Street and 2 Mill Hill Road, via an international expressions of interest campaign.

Belle Property’s James Nixon said the site has B4 mixed-use zoning, allowing investors, developers and owner occupiers "the opportunity to capitalise on the land’s strong development upside and holding income".

"This represents a secure investment with income, refurbishment, development potential or land hold in one of Sydney’s most tightly held suburbs," Colliers International’s Charles McKenzie said.

"There is huge residential upside and further growth and development for residential and commercial, with the population of the area expected to increase."

Projects in the area include a 21-storey Koichi Takada-designed residential tower lodged with Waverley City Council by Coonara Developments for 47-55 Grafton Street.

The expressions of interest campaign for the amalgamated site closes Wednesday, 28 November.

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Article originally posted at: https://theurbandeveloper.com/articles/bondi-junction-site-hits-market-circa-40-million