139 Military RoadNeutral Bay NSW 2089
Property Details for 139 Military Rd, Neutral Bay
Last Listing description (July 2022)
CI Australia, as the exclusive selling agent, is delighted to offer 139 Military Road, Neutral Bay For Sale by Auction on Tuesday 17th May 2022.
139 Military Road, Neutral Bay is one of a kind.
This sensational investment property is a two storey retail and commercial freehold located in the heart of Neutral Bay. The property has been fully leased since 2015 to four longstanding and established tenants.
This exciting opportunity is further enhanced having been strata sub divided into 5 lots whilst also having huge development potential.
Located in the heart of Neutral Bay the property holds an enviable position fronting onto a Council Plaza providing the cafe with outdoor seating tucked away from Military Road. The Barry Street council car park is located to the rear of the property providing 2 hours free parking.
Approximately 70,000 vehicles pass the property daily providing exceptional exposure whilst having access to quieter areas off the main road.
KEY FEATURES
- Fully Leased Freehold Investment
- Enviable Corner Position
- Fully Leased since 2015
- New Leases now in place
- Huge Development Potential
- Exposure to 70,000 vehicles daily
- 46.2m* retail frontage
- Adjoins May Gibbs Place Public Plaza
- Opposite Neutral Bay Post Office
- Barry Street Car Park to the rear
- 257.5sqm* of Land
- Demolition clauses in all leases
- Already Strata Sub Divided
- Net Income $240,000 + GST (approx.)
For more information or a copy of the contract, contact Nick Lowry on 0408 891 376
*approx.
Property History for 139 Military Rd, Neutral Bay, NSW 2089
- 20 Apr 2022Listed for Sale Contact Agent
- 20 Nov 2015Listed for Rent - Price not available
Recent sales nearby
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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 7,251 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.
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