40 Waverley Street, Bondi Junction, NSW 2022

PropertyFox is delighted to present to the market 40 Waverly Street, Bondi Junction, a prestegous development site, for sale via public auction on the 4th of September 2025 at 10:30am at Cooley CBD, 1 Margaret Street, Sydney.

This premium development site opportunity has a DA for 8 luxurious one per floor apartments in one of Sydney’s most sought-after suburbs. The majority of the Construction Certificate (CC) work is done and is ready for an incoming purchaser to add the finishing touches before starting construction. Either start construction or apply for the 30% uplift for affordable increasing the height, views and sales rates of the upper floors.

The property sits on a 427sqm* block towards the top of the hill allowing for spectacular views from the upper levels. Approved for 846sqm of NSA over 8 whole floor apartments offering a sense of exclusivity and privacy; 7 x three-bedroom, 1 x two-bedroom apartments, underground parking and rooftop terrace.


KEY HIGHLIGHTS: 

- Site Area: 427 sqm
- Approved NSA: 855 sqm
- Efficient design with almost 100% of GFA converting to NSA, reducing GFA rate per sqm build costs
- DA Approval: DA-325/2021/A
- DA for eight-storey residential development,
- Generous makeup of 7 x three bed and 1 x two bed apartments
- Exceptional location close to beaches, shopping centres and major transport networks
- Ocean views from upper levels and communal rooftop terrace
- Eligible for a 30% uplift under affordable housing STCA^


Unrivalled Location & Lifestyle Appeal
Conveniently located just 150m* to Bondi Junction Centre, surrounding the property are an array of world class beaches, top end dining options, prestigious schools, park and open green spaces, and countless retail shops. High end finishes, large windows allowing an abundance of natural light and eastern sea breezes, a spacious communal rooftop terrace with picnic tables, fire pit and BBQ area, this is Sydney’s lifestyle orientated persons paradise.

One of the last remaining undeveloped blocks in the heart of Bondi Junction, 40 Waverley Street is an exceptional opportunity to acquire a development site in Sydney’s renowned Eastern Suburbs. Currently a 6-bedroom house zoned R4 with a strong holding income, either develop now or apply for the 30% affordable housing uplift whilst maintaining a steady income.

Contact the exclusive selling agents for more information.

^ Subject to Council Approval