261 Military RoadCremorne NSW 2090
Property Details for 261 Military Rd, Cremorne
Last Listing description (June 2026)
Ray White Commercial Sydney North as the exclusive selling agent is pleased to present 261 - 263 Military Road, Cremorne for sale via Expressions of Interest.
Perfectly positioned on the corner of Military and Spencer Road, 261 - 263 Military Road, Cremorne offers an outstanding commercial investment opportunity as well as a substantial free-standing commercial building in the heart of Cremorne, with excellent future development potential.
The property has an expansive 18m* frontage to Military Road and over 30m* to Spencer Road, with a land area of 668 sqm* comprising the BMW North Shore Mosman showroom for new and used vehicles as well as the car display hard stand and lower-level carpark/ workshop. The property enjoys a MU1: Mixed Use Zoning and a height limit of 16m
Leased to Luxury Car Dealer, North Shore BMW, with their lease expiring in October 2026, it presents the opportunity as an investment or as a future development site (STCA) . Encompassing a current net income of $304,024 per annum + GST* with 100% of statutory outgoings recoverable from the tenant.
Ideally located in the centre of Cremorne's bustling village precinct in close proximity to iconic and long standing retailers including McDonald's, Sushi Train, Cremorne Orpheum Cinema and a few minutes' walk of Cremorne and Neutral Bay Villages. Rivalling some of Sydney's most exclusive suburbs, Cremorne boasts picture-book parklands, sublime harbour views, exceptional access to Sydney CBD, a village atmosphere, and a great sense of community.
Expressions of Interest closing 5pm Wednesday 6 May 2026
Property Highlights:
• First Time offered in almost 60 years*
• Leased to luxury car dealership - BMW Mosman
• 100% Statutory Outgoings recovered from the tenant
• Net Income: $304,024 per annum + GST*
• Strategically located in the hub of Cremorne on a prime corner of Military Road connecting Northern Beaches & Sydney CBD.
*All figures are approximate
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Property History for 261 Military Rd, Cremorne, NSW 2090
- 07 May 2026Sold for $4,157,500
- 13 Apr 2026Listed for Sale Expressions of Interest Closing 6 May 2026
- 18 Mar 2010Listed for Rent - Price not available
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About Cremorne 2090
The size of Cremorne is approximately 1.6 square kilometres. There are 15 parks, covering nearly 11.8% of the total area. The population of Cremorne in 2016 was 11227 people. By 2021 the population was 11263 showing a population growth of 0.3% in the area during that time. The predominant age group in Cremorne is 30-39 years. Households in Cremorne are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Cremorne work in a professional occupation.In 2021, 53.20% of the homes in Cremorne were owner-occupied compared with 53.60% in 2016.
Cremorne has 6,829 properties. Over the last 5 years, Houses in Cremorne have seen a 1.73% increase in median value, while Units have seen a 12.57% increase. As at 31 May 2026:
- The median value for Houses in Cremorne is $4,027,847 while the median value for Units is $1,365,604.
- Houses have a median rent of $1,375 while Units have a median rent of $850.
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