246-248 Military Road,
Neutral Bay, NSW 2089
Shops & Retail • Development Sites & Land • Offices
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Map of 246-248 Military Road
Train stations within 5 km of 246-248 Military Road, Neutral Bay, NSW 2089 Distance Victoria Cross North 1.6 km Victoria Cross South 1.7 km North Sydney Station 1.9 km Milsons Point Station 2 km Crown Nest Station 2.4 km POWERED BY HERE ©Tram stops within 5 km of 246-248 Military Road, Neutral Bay, NSW 2089 Distance Star City Light Rail Station 4.8 km Pyrmont Bay Light Rail Station 5 km POWERED BY HERE ©Bus stops within 5 km of 246-248 Military Road, Neutral Bay, NSW 2089 Distance Military Rd Opp Hampden Av 71 m Rangers Rd Before Military Rd 134 m Military Rd Before Hampden Av 161 m Wycombe Rd After Military Rd 185 m Neutral Bay Junction, Military Rd, Stand E 214 m POWERED BY HERE ©
POWERED BY HERE ©
High-Exposure Retail Freehold with Development Potential (STCA)
Property Overview
Located in the heart of Neutral Bay village, this highly exposed retail property presents a rare opportunity for development. The site consists of dual commercial freehold terraces on a 354.1 sqm block, surrounded by thriving retail shops, bars, and restaurants.
Current Tenancy and Income
The property is currently tenanted by a well-established Japanese restaurant, which has been in operation for over 20 years, and a subtenancy to a salon on the upper level, generating a stable income of approximately $135,000 per annum.
Key Features
- Total Land Area: 354.1 sqm
- Net Lettable Area (NLA): Approx. 304 sqm
- Zoning: MU1 (Mixed Use) with a current height limit of 16 meters
- Parking: Off-street parking for 2 vehicles
- Exposure: Over 53,000 vehicles passing daily
Development Upside:
The property is zoned for mixed use (MU1), allowing for future development potential, subject to council approval (STCA). With several major developments planned for the Military Road Corridor in Neutral Bay over the next five years, this property offers significant upside potential.
Don't miss this unique chance to secure a prime commercial freehold property in a high-demand location, with strong income and future development prospects.
Expressions of Interest.
Contact Kazu for a private inspection on 0412 231 0...
Located in the heart of Neutral Bay village, this highly exposed retail property presents a rare opportunity for development. The site consists of dual commercial freehold terraces on a 354.1 sqm block, surrounded by thriving retail shops, bars, and restaurants.
Current Tenancy and Income
The property is currently tenanted by a well-established Japanese restaurant, which has been in operation for over 20 years, and a subtenancy to a salon on the upper level, generating a stable income of approximately $135,000 per annum.
Key Features
- Total Land Area: 354.1 sqm
- Net Lettable Area (NLA): Approx. 304 sqm
- Zoning: MU1 (Mixed Use) with a current height limit of 16 meters
- Parking: Off-street parking for 2 vehicles
- Exposure: Over 53,000 vehicles passing daily
Development Upside:
The property is zoned for mixed use (MU1), allowing for future development potential, subject to council approval (STCA). With several major developments planned for the Military Road Corridor in Neutral Bay over the next five years, this property offers significant upside potential.
Don't miss this unique chance to secure a prime commercial freehold property in a high-demand location, with strong income and future development prospects.
Expressions of Interest.
Contact Kazu for a private inspection on 0412 231 0...
Property ID: 504676372Last Updated: 14 Sep 2024
246-248 Military Road
Neutral Bay, NSW 2089
Uematsu Properties - Neutral BayShop 10,99 Military Road
NEUTRAL BAY, NSW 2089
NEUTRAL BAY, NSW 2089
