12 Waters Road, Neutral Bay, NSW 2089 | Commercial for sale | OnTheHouse
 
FOR SALE
Circa 6% Net Yield

12 Waters Road
Neutral Bay NSW 2089

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Bathrooms: -
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Floor area: 1104m2
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Brand New Sydney Dan Murphy's | New 10 Year Lease to 2035 | Trophy Lower North Shore Investment

• Long 10 Year Lease to Oct 2035
• Blue Chip ASX Listed Tenant
• 4km* from Sydney CBD
Ray White Commercial Sydney North in conjunction with CBRE are pleased to offer to the market, Dan Murphy's Neutral Bay, a premium liquor destination at the heart of Sydney's most affluent lower North Shore community, located at 12 Waters Road, Neutral Bay (Sydney) NSW for sale via private treaty.
Positioned within the landmark Pienza Retail Village, the asset offers a rare opportunity to acquire a newly constructed, long-lease investment underpinned by a blue-chip national tenant in one of Sydney's most tightly held metropolitan markets.
The property has the following key investment highlights:
• Long 10 year lease to 2035 plus options extending to 2060
• Dan Murphy's: Australia's liquor store of the year for the third year running & wholly owned subsidiary of ASX listed Endeavour Group with annual revenue of $12.1 billion, over 280 stores nationally and a loyalty base of over 5.5 million members
• Compounding fixed 3% annual rental increases guaranteeing long term predictable income growth
• Brand new 1,187sqm* large-format tenancy, presented in Dan Murphy's latest corporate design
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Property Details for 12 Waters Rd, Neutral Bay

Building Type
Commercial
Floor Size
1104m2
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About Neutral Bay 2089

The size of Neutral Bay is approximately 1.3 square kilometres. There are 20 parks, covering nearly 8.8% of the total area. The population of Neutral Bay in 2016 was 10488 people. By 2021 the population was 10090 showing a population decline of 3.8% 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 2021, 45.80% of the homes in Neutral Bay were owner-occupied compared with 44.90% in 2016.

Neutral Bay has 7,268 properties. Over the last 5 years, Houses in Neutral Bay have seen a -10.16% decrease in median value, while Units have seen a 0.62% increase. As at 31 July 2026:

  • The median value for Houses in Neutral Bay is $2,845,184 while the median value for Units is $1,193,765.
  • Houses have a median rent of $1,250 while Units have a median rent of $780.
There are currently 34 properties listed for sale, and 38 properties listed for rent in Neutral bay on OnTheHouse. According to Cotality's data, 266 properties were sold in the past 12 months in Neutral bay.

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