1/48 Yeo StreetNeutral Bay NSW 2089
Property Details for 1/48 Yeo St, Neutral Bay
Last Listing description (October 2024)
Ray White Commercial Sydney North as the exclusive selling agent are pleased to present Shops 1 & 2 / 48 Yeo Street, Neutral Bay for sale via Auction.
48 Yeo Street is a modern mixed use building situated in the heart of Neutral Bay - a mere 5 minute* drive across the Harbour Bridge from Sydney CBD. This beautifully presented retail shop is a fantastic opportunity to acquire a commercial investment in Sydney's lower north shore.
Positioned on the intersection of Yeo Street and Wycombe Road with an expansive 14.5 metre* corner frontage, the premises is tenanted by food and beverage operator, Alfredo, occupying the 126sqm* area with two internal bathrooms, kitchen facilities, grease trap, air-conditioning and one secure car space.
The property is ideally situated in the centre of Neutral Bay Village and within walking distance to national retailers including Woolworths, Coles, Australia Post, Chemist Warehouse, Anytime Fitness, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants.
Shops 1 & 2 / 48 Yeo Street, 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 net income of $110,856 per annum + GST*.
Features:
126 sqm* approx.
Prominent Corner Location
Huge 14.5m* glass street frontage
1 Secure car space available
Net Income of approximately $110,856 per annum + GST*
*All figures are approximate
The property is offered for Sale via Auction on Tuesday 15 October 2024 at 10:30am.
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
Property History for 1/48 Yeo St, Neutral Bay, NSW 2089
- 15 Oct 2024Sold
- 11 Sep 2024Listed for Sale AUCTION
- 19 Feb 2021Listed for Rent - Price not available
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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 7,062 properties. Over the last 5 years, Houses in Neutral Bay have seen a 16.81% increase in median value, while Units have seen a 30.88% increase. As at 31 October 2024:
- The median value for Houses in Neutral Bay is $2,819,500 while the median value for Units is $1,277,820.
- Houses have a median rent of $900 while Units have a median rent of $720.
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