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242 Military Road
Neutral Bay NSW 2089

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 94m2
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55 SQM* INTERNAL RESTAURANT SPACE + 39 SQM* COURTYARD (STCA)

Positioned adjacent to the Military Road and Waters Road intersection, 242 Military Road provides an equipped space previously operating as a restaurant. Spanning 55 sqm* of internal space and an external courtyard area of 39 sqm* (STCA) this premise boasts a commercial kitchen, including grease trap, exhaust, bathroom facilities, air conditioning and expansive glass street frontage.
Located within the vibrant hub of Neutral Bay, this premise is surrounded by a myriad of leading national retailers, including the likes of Woolworths, Nike, Salvation Army, ANZ Bank and Priceline Pharmacy, as well as an endless selection of buzzing local cafes, eateries and retail shops. Within walking distance is both the B-Line bus stop and standard bus stops, connecting passengers to and from the Sydney CBD, Lower North Shore and Northern Beaches, in turn providing generous exposure.
Property Highlights:
• Internal area: 55 sqm*
• Courtyard area: 39 sqm* (STCA)
• Air-conditioning
• Grease Trap and Exhaust installed
• Male and Female Bathroom facilities
• Adjacent to Military Road and Waters Road intersection
• Prominent glass frontage to Military Road
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Property Details for 242 Military Rd, Neutral Bay

Building Type
Commercial
Floor Size
94m2

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About Neutral Bay 2089

The size of Neutral Bay is approximately 1.3 square kilometres. It has 20 parks covering nearly 8.8% of total area. The population of Neutral Bay in 2011 was 9,384 people. By 2016 the population was 10,498 showing a population growth of 11.9% in the area during that time. The predominant age group in Neutral Bay is 30-39 years. Households in Neutral Bay are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Neutral Bay work in a professional occupation. In 2011, 46.1% of the homes in Neutral Bay were owner-occupied compared with 44.9% in 2016.

Neutral Bay has 7,170 properties. Over the last 5 years, Houses in Neutral Bay have seen a 18.39% increase in median value, while Units have seen a 24.37% increase. As at 30 November 2024:

  • The median value for Houses in Neutral Bay is $2,889,367 while the median value for Units is $1,253,434.
  • Houses have a median rent of $900 while Units have a median rent of $730.
There are currently 15 properties listed for sale, and 37 properties listed for rent in Neutral bay on OnTheHouse. According to CoreLogic's data, 285 properties were sold in the past 12 months in Neutral bay.

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Max Stephens
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