A cluster of Sydney shopfronts near Bondi Beach, including the local post office, could make way for a luxury apartment development with fund manager Initium Capital in talks to acquire the $80 million site from multiple property owners.

The near 1800-square-metre site on Hall Street represents one of the largest private amalgamations in the beachside suburb’s history and is just metres from Campbell Parade – the suburb’s main thoroughfare that runs parallel to Sydney’s most famous beach.