Eastgate Bondi Junction in Sydney up for sale after 30 years

(Source: Supplied)

Eastgate Bondi Junction in Sydney’s eastern suburbs has been put on the market after nearly 30 years under the same ownership.

Located in the heart of Bondi Junction, the centre has more than 15,000sqm of gross lettable space. 

The centre boasts a non-discretionary tenant mix anchored by retail Coles, Aldi, Kmart, and Dan Murphy’s.

JLL’s Nick Willis and Sam Hatcher, alongside Stonebridge’s Carl Molony, Philip Gartland and Justin Dowers, have been appointed exclusive agents for the sale.

Willis considered this a “once-in-a-lifetime opportunity”, given Sydney’s eastern suburbs is a coveted investment destination.

“Assets of institutional quality like Eastgate are rarely if ever, traded,” he added.

“The centre supports strong trading fundamentals with the specialty tenants producing over $14,800/sqm in sales, some 76 per cent above the industry benchmark,” added Hatcher.

The sale is expected to attract strong interest from both local and offshore investors, said Molony.

Expressions of interest are open until November 16.

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