85 Bondi Rd 1,905 SF Retail Building Bondi, NSW 2026 $3,366,719 CAD ($1,767.11 CAD/SF) 2.80% Cap Rate

Gunning Real Estate is delighted to present this rare freehold investment opportunity in the heart of Bondi, featuring a secure national tenant and significant development upside. This two-level property is fully leased to Domino’s Pizza, with the ground floor operating as a takeaway and kitchen, and the first floor serving as residential accommodation for staff. The property also includes a large rear car park currently used for scooter parking and deliveries.
Strategically located on Bondi Road, the property sits within a tightly held retail strip just 1.4 km from Bondi Beach and 1 km from Bondi Junction. The surrounding area is a vibrant commercial hub with boutique shops, cafes, and restaurants, ensuring strong foot traffic and visibility.
The property offers future development potential, with the capacity to build a residential structure of up to four stories on the rear car park (STCA), as demonstrated by similar developments in the area. Zoned E1 Local Centre under Waverley Council LEP, the site has a floor space ratio of 1.5:1 and a maximum building height of 13 meters.
Currently leased to Domino’s Pizza until August 2025 with a 5-year renewal option, the property generates an annual rental income of $98,134.36 + GST, with CPI increases and the tenant covering 100% of council rates and water bills. This is an exceptional opportunity to secure a high-performing asset in one of Sydney’s most desirable and tightly held locations.