FOR SALE
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93 - 95 Military Road
Neutral Bay NSW 2089

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 264m2
Land area: 224m2
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ICONIC FREEHOLD BUILDING AT THE CORNER GATEWAY TO NEUTRAL BAY

Ray White Commercial Sydney North as the exclusive selling agent are pleased to present 93 - 95 Military Road, Neutral Bay for sale by private treaty.
Positioned on the intersection of Military Road and Ben Boyd Road, directly opposite the iconic Oaks Hotel with an expansive 33 metre* corner frontage, this commercial asset is a rare opportunity to purchase an outstanding freehold building at the gateway of Neutral Bay, sitting on 224 sqm* of land with future development upside (STCA).
The premises consist of a building area of 264 sqm* across 2 separate tenancies, with national telecommunications provider, Vodafone, occupying the retail premises and a long-established local solicitor on the first floor, both 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 and no FSR.
The property is ideally positioned in the centre of Neutral Bay Village, directly opposite the iconic Oaks Hotel and Big Bear Shopping Centre, and within walking distance to national retailers including Coles, Woolworths, Australia Post, Chemist Warehouse, Anytime Fitness, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants.
93 - 95 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 a gross income of $132,611 per annum + GST*.
Property Highlights:
• Total building area of 264sqm* over two levels
• Site area of 224 sqm*
• 33m* of corner street frontage
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Property Details for 93 - 95 Military Rd, Neutral Bay

Building Type
Commercial
Floor Size
264m2
Land Size
224m2

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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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