Clutch Capital ready to launch luxury apartment complex in Bondi
High-end Sydney developer Clutch Capital is poised to launch its long-awaited Bondi offering of 18 luxury apartments on the popular Curlewis Street.
High-end Sydney developer Clutch Capital is poised to launch its long-awaited Bondi offering of 18 luxury apartments in popular Curlewis Street – all north-facing and all overlooking the famed retail strip, beach and ocean.
A combination of generously sized units plus penthouses topping the upper floors, the exclusive AVRA apartment block comes replete with traditional security-enhanced carparks, not stackers, as well as luxury European-inspired interiors.
The apartments are being launched at a time when 41 per cent of prestige valuers predict an increase in apartment values over the next 12 months, expecting unit price growth to be up to 10 per cent according to CBRE research.
Most price growth is expected in NSW, Western Australia and South Australia, however there is no growth expected in Victoria.
The launch of the long-awaited Bondi development comes as the Australian Bureau of Statistics released new data revealing a 6.1 per cent nationwide reduction in the number of high-rise apartment approvals in the year to August – even though migration is at excessive levels.
Meanwhile, in Sydney’s eastern suburbs, Clutch Capital, led by Nicholas Ross, has become well- known in the area, having developed several prestige apartment blocks, including Mira in Bellevue Hill, Nove and Opus in Rose Bay, and Bronte & Porter in Bondi Junction.
Fronting 135-155 Curlewis Street, Bondi Beach the 18-unit, three-level AVRA project comprises 14 three-bedroom apartments and four three- and four- bedroom penthouses on the upper floors, about one block from Campbell Parade and the beach.
The penthouses offer up to 400sq m of combined indoor and outdoor living, with 15m wide frontages to Curlewis Street. Interiors are to be decked out in a beachside luxury design by Tracey Wiles of Woods Bagot, who is offering several colour schemes to purchasers. The Bondi Beach development was designed by Woods Bagot and PBD Architects.
Agent Ben Stewart of Stewart Residential and CBRE is handling the marketing of the units.
“It’s all three and four bedrooms, so it’s owner-occupier and downsizer product,” Mr Stewart told The Weekend Australian ahead of the project’s Saturday launch.
Mr Stewart said all apartments would have luxury fit-outs, while infra-red saunas, a concierge, and the large north-facing balconies would also be highlights.
“There will be a wonderful retail precinct underneath; they are looking at putting in a French restaurant as well as high-end providores,” he said, adding that the development was replacing a row of old shops.
“The apartments are very generous in size, with 16m-wide living rooms,” he said.
Apartment prices start from $9.2m for the standard apartments of 180sq m to 192sq m in size, including security carparks with double lockup garages. The larger apartments will start from $12m, while the penthouses will be priced from $22m to $25m.
Demolition of the existing shops is expected to start next month, construction is to begin in February next year, and completion of the AVRA project is expected in the first quarter of 2027.
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