Investors helping to shape a new Bondi landmark
AltX investors were given the opportunity to be part of developing an iconic building at the heart of Sydney’s Bondi Beach – and they jumped at the chance.
97 Hall Street was home to one of Bondi’s most loved cafes for over 23 years. When the owner decided to retire in 2019, he had a vision to transform the building into a mixed-use property.
With little experience in development and a development application (DA) that was close to lapsing, his finance options were limited. What’s more, he had already demolished the café to activate the DA – and his income with it. So when he approached AltX, he needed access to quick and reliable funding.
The AltX Solution
Thanks to the close collaboration of the AltX project management team, the builder, engineers and architects, the development was completed in only six months – returning our investors’ capital earlier than expected. Not only did investors enjoy the confidence and consistent returns of this AltX deal, but investors can be proud to have been part of the story of a new landmark building in the heart of Bondi Beach.
Address: 97 Hall St, Bondi Beach
Value: $9.3 Million
Projected length: 15 months – construction completed in 6 months
Number of investors: 45
Average investment amount: $50,000 – $75,000
AltX (www.altx.com.au) is a market-leading alternative investment platform. Founded in 2012 and headquartered in Sydney, AltX provides bespoke access to alternative income-generating products which have traditionally been inaccessible to individual investors. AltX has funded in excess of $2.5bn of transactions since inception with zero loss of investor capital.
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