SOLD
Sold on 12 Jul 2024 for $710,000

8/357-359 Military Road
Mosman NSW 2088

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 75m2
Land area: 1988m2
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Property Details for 8/357-359 Military Rd, Mosman

Building Type
Commercial
Year Built
1969
Floor Size
75m2
Land Size
1988m2
Local Government
Mosman
Lot/Plan
8/SP72814

Last Listing description (February 2024)

Located in Mosman's bustling commercial strip, Suite 8 / 357 - 359 Military Road provides a fantastic opportunity for investors and owner occupiers alike who are looking to secure a commercial property with vacant possession. Spanning 75 sqm* with 2 undercover secure car spaces on title, this suite provides an impeccable office suite with great opportunity.

The suite is complete with a reception area, private boardroom featuring adjustable LED lighting and audio-visual features for in-house training, a combination of open working spaces and private offices, air conditioning and fantastic location. Currently operating as an office, this premise has the opportunity to be adapted for a variety of different usages including financial services, medical use, beauty operators and more (STCA).

Further complementing the property is the prime location of this commanding building, situated within a commercial precinct that comprises a variety of operators including medical and business professionals. 357 - 359 Military Road is also situated within close proximity to Cremorne Town Centre, the Hayden Orpheum Picture Palace, Mercedes-Benz North Shore, Audi Centre Mosman and an array of businesses.

Conveniently located on the Corner of Military Road and Belmont Road, with close proximity to Bridgepoint Shopping Centre and a few moments from Taronga Zoo, Balmoral Beach and Mosman Bay. The location provides ease of accessibility to the bus and ferry networks connecting to the Sydney CBD, Northern Beaches and Lower North Shore.

Estimated Gross Income of $48,000 per annum + GST*.

Property Highlights:
75 sqm*
2 undercover secure car spaces
Estimated Gross Income of $48,000 per annum + GST*
Close proximity to Spit Junction, Bridgepoint Shopping Centre, Balmoral beach and Mosman Bay

*all figures are approximate

For further information or to arrange an inspection please contact:

Scott Stephens | 0434 341 001
scott.stephens@raywhite.com

Frank Bird | 0417 427 310
frank.bird@raywhite.com

Property History for 8/357-359 Military Rd, Mosman, NSW 2088

A timeline of how this property has performed in the market
Last Sold
$710,000
12 Jul 2024
  • 12 Jul 2024
    Sold for $710,000
  • 19 Oct 2023
    Listed for Sale Contact Agent
  • 12 Feb 2007
    Sold for $420,750

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About Mosman 2088

The size of Mosman is approximately 8.7 square kilometres. It has 45 parks covering nearly 29.6% of total area. The population of Mosman in 2011 was 27,452 people. By 2016 the population was 28,491 showing a population growth of 3.8% in the area during that time. The predominant age group in Mosman is 40-49 years. Households in Mosman are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Mosman work in a professional occupation. In 2011, 63% of the homes in Mosman were owner-occupied compared with 62.8% in 2016.

Mosman has 15,914 properties. Over the last 5 years, Houses in Mosman have seen a 49.58% increase in median value, while Units have seen a 28.02% increase. As at 31 October 2024:

  • The median value for Houses in Mosman is $5,727,238 while the median value for Units is $1,467,886.
  • Houses have a median rent of $1,750 while Units have a median rent of $750.
There are currently 68 properties listed for sale, and 74 properties listed for rent in Mosman on OnTheHouse. According to CoreLogic's data, 622 properties were sold in the past 12 months in Mosman.

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.