FOR SALE
EXPRESSIONS OF INTEREST

250 & 252 Military Road
Neutral Bay NSW 2089

Bedrooms: -
Bathrooms: -
Car spaces: 2
Land area: 297m2
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TWO MIXED USE BUILDINGS WITH DEVELOPMENT UPSIDE (STCA)

Ray White Commercial Sydney North as the exclusive selling agent are pleased to present 250 & 252 Military Road, Neutral Bay for sale by Expressions of Interest. The properties are offered for sale together or separately.
Located on Military Road with an expansive 9 metre* frontage, this commercial asset is a rare opportunity to purchase two substantial buildings in the heart of Neutral Bay, sitting on 297 sqm* of land and possessing excellent future development potential (STCA).
Across the two buildings, there is a total building area of 302 sqm* split across 4 separate tenancies including retail, commercial and residential, with all tenants on short term lease agreements. The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. The property enjoys a generous MU1 Mixed Use Zoning with a 16-metre height limit.
Located within the vibrant hub of Neutral Bay, this premises 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.
250 & 252 Military Road, Neutral Bay is surrounded by easy access to public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches.
The property currently has an estimated gross income of $113,900 per annum + GST*.
The property is offered for Sale via Expressions of Interest closing 5:00 pm Wednesday 31 July 2024.
Property Highlights:
• Land Area | 297 sqm*
• Net Lettable Area | 302sqm* + Rear lane parking
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Property Details for 250 & 252 Military Rd, Neutral Bay

Building Type
Commercial
Land Size
297m2

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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 7,158 properties.

    There are currently 21 properties listed for sale, and 55 properties listed for rent in Neutral bay on OnTheHouse. According to CoreLogic's data, 319 properties were sold in the past 12 months in Neutral bay.

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