Bondi Apartment Complex Could Fetch $25 Million

A SOUTH African investor is set to reap between $17 million and $25 million, from the sale of an entire apartment block on Bondi Beach, in Sydney’s ritzy east.

The complex at 105 Ramsgate Avenue includes 10 apartments, and the only “boathouse” on Bondi Beach – a small cupboard effectively, big enough for a kayak sized vessel.

The vendor, businessman and developer Neill Miller, is selling the block after obtaining a permit to build three luxury apartments on the site.

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