230 Military Road Road,
Neutral Bay, NSW 2089

When quality investment stock is hard to find in the market.
This property is a clear standout and will not be on the market for long.

Location:
Situated on the Northern side of Military Road. 230 Military Road is located in the sought after Nosh Alley Food precinct and is surrounded by numerous high quality food operators. Council parking outside of Woolworths is 100m from rear of property

Building:
230 Military Road has recently underwent a significant refurbishment. The two level building boasts
- A ground floor retail shop with two street frontage facing Military Rd & Waters Road
- On the first floor is a large one bedroom sunny residence

DA Approval for Use
Development Application No. 270/10 approved July 2010
Change of Use and fitout at ground floor to a bar with hours of operation between
• 12pm until 12am, Monday to Saturday
• 12pm until 10pm Sunday

Tenant: Honey Rider occupies 100% of the building
Area: Whole Building
Lease Term: 5 Years
Options: 5 + 5 years
Lease structure: sale & leaseback
Annual Reviews: CPI annually, market review at the options
Rental Bond: 3 month Bank Guarantee
Net Income: $83,860 p.a (approximate)

Inspect: Strictly by appointment only

Should you have any further questions please don't hesitate to contact Tom Doran on 0407 928 324.