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246 - 248 Military Road Neutral Bay, NSW 2089

Directions

246 - 248 Military Road,
Neutral Bay, NSW 2089

Shops & Retail • Development Sites & Land • Medical & Consulting
Added 3 days ago

Price information

Sale

$4,500,000

Key property information

Land area

Floor area

Car spaces

Zoning

Tenure type

Private inspections

to arrange a private inspection.

Map of 246 - 248 Military Road

Directions
  • Train stations within 5 km of 246 - 248 Military Road, Neutral Bay, NSW 2089Distance
    North Sydney Station1.9 km
    Milsons Point Station2 km
    Waverton Station2.6 km
    St Leonards Station2.9 km
    Wollstonecraft Station3 km
    POWERED BY HERE ©
  • Tram stops within 5 km of 246 - 248 Military Road, Neutral Bay, NSW 2089Distance
    Star City Light Rail Station4.8 km
    Pyrmont Bay Light Rail Station5 km
    POWERED BY HERE ©
  • Bus stops within 5 km of 246 - 248 Military Road, Neutral Bay, NSW 2089Distance
    Military Rd Opp Hampden Av80 m
    Rangers Rd Before Military Rd134 m
    Military Rd Before Hampden Av161 m
    Wycombe Rd After Military Rd185 m
    Neutral Bay Junction, Military Rd, Stand E214 m
    POWERED BY HERE ©
POWERED BY HERE ©

HIGH EXPOSURE RETAIL FREEHOLD, WITH DEVELOMENT UPSIDE (STCA)

  • Highly Exposed retail Restaurant
  • Zoned MU1, Height Limit: 16m (Currently)
  • Future Development Upside (STCA)
ATTENTION OWNER OCCUPIERS & ASTUTE INVESTORS

This perfectly positioned pair of dual commercial Freehold terraces on 354.1sqm, is located in the heart of Neutral Bay village, Surrounded by numerous highly successful retail shops, bars & Restaurants. Currently occupied by a long standing Japanese Restaurant (20+ Years), plus a Sub tenancy to a Saloon upstairs.

- Current income is approximately $135,000 p.a.
- Total Approximate NLA = 304sqm
- In excess of 53,000 vehicles passing each day
- Off street parking for 2 cars
- Zoned MU1 (Mixed Use), 16m Height limit (Currently)
- Total Land size = 354.1sqm

With numerous, sizable developments earmarked for Neutral Bay's Military Road Corridor within the next 5 years, this could by one of last opportunities to get in before prices start to significantly  increase again.

If you require any further information or wish to inspect the property, please contact Exclusive Agent.

Property ID: 504627196Last Updated: 29 Jun 2024

0420 309 2...
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246 - 248 Military Road
Neutral Bay, NSW 2089
Coutts Chatswood
Level 5, 7 Railway Street
CHATSWOOD, NSW 2067
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