The hostel is expected to fetch upwards of $70 million in what is considered to be one of the largest development opportunities for the beach strip in the last decade.
The hostel is expected to fetch upwards of $70 million in what is considered to be the of the largest development opportunities for the beach strip in the last decade.
Melbourne family banks on Bondi Beach auction
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A former Westpac branch in the prime Bondi Beach precinct will test investor appetite when it goes to market. Located at 26 Hall Street, the site is being sold by a Melbourne family who has taken the opportunity to capitalise on the demand for substantial land holdings near the famous stretch of sand.
After 40 years, Westpac has vacated from the beachside freehold which has provided the selling Agents Miron Solomons and Matt Pontey of Colliers the opportunity to deliver the asset to market as a potential development site or investment.