161 Glenayr Avenue, Bondi Beach NSW 2026

This listing presents a rare and highly strategic corner development site in the prestigious Bondi Beach area, offering significant potential for a premium boutique project. Situated approximately 450 meters from the iconic Bondi Beach, the property boasts dual street frontages to Glenayr Avenue and Roscoe Street, amplifying its prominence and accessibility.

The site comprises around 420 square meters of level land with a desirable north-facing orientation, providing approximately 11 meters of street frontage and a depth of about 38 meters. This configuration makes the parcel particularly attractive for a variety of sophisticated development outcomes, subject to council approvals.

Currently, the property hosts a distinctive 1920s Inter-War Spanish Mission style building accommodating four two-bedroom apartments. The building’s period charm is preserved through features such as high ceilings, timber floors, ornate detailing, and sunrooms on three apartments, offering established rental income during the planning phase. Additionally, a separate brick garage secures two parking spaces, enhancing its residential appeal.

The zoning classification as E1 Local Centre allows a Floor Space Ratio (FSR) of approximately 2:1 and a height control of 13 meters, indicating the feasibility for a three-storey development with about 840 square meters of theoretical Gross Floor Area (GFA). The site’s versatility caters to potential residential, commercial, or mixed-use developments, making it an ideal acquisition for developers, investors, or land bankers seeking a valuable addition in a tightly held coastal market.

Perfectly positioned within convenient reach of Bondi’s renowned cafes, restaurants, retail outlets, and Campbell Parade, this opportunity balances immediate holding income through existing tenancies with considerable long-term upside through future development potential.