Historic Bronte Road building with development potential hits the market

A landmark Bondi Junction building, that was once the site of the Waverley Telephone Exchange, has hit the market.

The single-level property, located at 122-126 Bronte Road, has approval for a significant development application (DA), making it an attractive opportunity for investors and developers alike.

CBRE’s Luke Williams, Toby Silk, and Tom Gibson are marketing the exclusive listing on behalf of the local owner with the property going to auction on April 8, 2025.

With its prime location at the intersection of Bronte Road and Birrell Street, the 658sqm corner block site is positioned to benefit from the continued growth and development of Bondi Junction.

Mr Williams noted this was a rare opportunity to acquire a property that embodies both historical significance and future potential.

“Built in the early 20^th century, this property has witnessed the transformation of Bondi Junction from a suburban hub to a bustling commercial and residential precinct,” he said.

“The heritage significance of the site is well-documented, with its architectural features reflecting the design aesthetics of its era. The building's façade, characterised by its classic brickwork and period details, stands as a testament to the craftsmanship of the time,” Mr Williams added.

In a move that aims to balance preservation with progress, Waverley Council has approved a development application for the site.

Mr Williams said the mixed-use development included the addition of sixty serviced apartments, each featuring balconies with stunning views over Sydney from all levels, to enhance the site's utility while maintaining its historical integrity.

“The development aims to create a vibrant space that combines residential, retail, and commercial uses, contributing to the ongoing revitalisation of Bondi Junction. The adaptive reuse of the heritage building ensures its historical value is preserved for future generations while meeting the modern needs of the community,” Mr Williams added.