Positioned within one of the Eastern Suburbs' most tightly held pockets, 4 & 4A Council Street presents a lucrative landholding in the heart of Bondi Junction. Set on approximately 649sqm, this prime LMR-zoned site offers exceptional scope for redevelopment under the NSW Government's Low and Mid-Rise Housing Plan, making it an outstanding opportunity for developers and investors seeking scale, flexibility and impressive returns.
The site benefits from a maximum FSR of 2.2:1, increasing to 2.86:1 with a 15% affordable housing bonus, and a maximum building height of 22 metres (approximately six storeys), or up to 28.6 metres with bonus provisions. With an estimated GFA potential of 1,427sqm and the capacity for a 7-8 level residential flat building (STCA), the property sits within the R3/R4 zoning framework where multi-dwelling developments are permitted.
Currently occupying the land are two established residences featuring internal access lock-up garages, generous driveways and sunny yards/balconies, providing holding income potential while future plans are explored.
Ideally located just 500 metres from Westfield Bondi Junction, the property is within easy reach of vibrant retail, dining and entertainment, as well as the train station and major bus terminal. Waverley Park is moments away, while nearby Bondi Road offers a lively village atmosphere with cafés, bars and boutiques. Enjoy rapid access to the CBD and iconic Bondi Beach, enhancing both lifestyle appeal and future resale demand.
A blue-chip development site in a high-demand address, this is a rare opportunity to secure a premium parcel with significant upside.
• Rare opportunity to secure a prime parcel with exceptional redevelopment upside
• 649sqm approx. landholding in tightly held Bondi Junction
• Prime LMR-zoned site with strong redevelopment potential
• Eligible under the NSW Low and Mid-Rise Housing Plan
• Maximum FSR of 2.2:1, increasing to 2.86:1 with affordable housing bonus
• Height limit of 22m, or up to 28.6m with bonus provisions
• Estimated GFA potential of approx. 1,427sqm with capacity for a 7-8 level development (STCA)
• R3/R4 zoning permitting multi-dwelling residential developments
• Existing single-storey three-bedroom, two-bathroom home and two-storey five-bedroom, three-bathroom home
• Both homes feature lock-up garages with internal access plus sunny yards/balconies
• Located just 500m from Westfield Bondi Junction's retail, dining and entertainment precinct
• Easy walk to Bondi Junction train station, major bus interchange and Bondi Road village amenities
• Minutes to the CBD and the shores of Bondi Beach
