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 Opportunity
The AltX Solution
The Result
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.
Deal Snapshot
Address: 97 Hall St, Bondi Beach
Value: $9.3 Million
Projected length: 15 months – construction completed in 6 months
LVR: 55%
Return: 8%
Number of investors: 45
Average investment amount: $50,000 – $75,000
About AltX
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.
Learn More
www.altx.com.au/investments
Level 21, 101 Grafton Street
Bondi Junction, NSW, 2022
Phone: 1300 991 380
Email: marketing@altx.com.au
Chat to AltX
Latest News
Podcast: Accountants ‘at epicentre’ of growth in non-bank finance
Our Co-CEO and Co-Founder, Nick Raphaely sat down this week with Phillip King, the Editor of Accountants Daily and Paul Munt, Managing Director, Property Lending
Will bank term deposit rates move up in line with expected cash rate increases?
Cash rates and deposit rates will increase in the foreseeable future but what is unclear is by how much and how quickly.
Deal Spotlight: 97 Hall Street, Bondi Beach
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.
AltX Leadership Profile: Head Of Treasury And Risk
We ask John Barry, Head of Treasury and Risk at AltX to share some of his insights from over 30 years working in wholesale banking.
AltX Chats to Alec Hogg from BizNews
BizNews editor Alec Hogg chats to AltX Co-Founder Nick Raphaely about how AltX is now attracting South African investors attracted to the security of Australian bricks and mortar.
Lessons from the frontline of property risk with Giamol Pasin – Head of Property Risk
Giamol Pason, Head of Property Risk at AltX and explains the key to accurate property risk assessment including understanding both property market cycles and people.
