242 Military RoadNeutral Bay NSW 2089
Property Details for 242 Military Rd, Neutral Bay
Last Listing description (March 2025)
Positioned adjacent to the Military Road and Waters Road intersection, 242 Military Road provides an equipped space previously operating as a restaurant. Spanning 55 sqm* of internal space and an external courtyard area of 39 sqm* (STCA) this premise boasts a commercial kitchen, including grease trap, exhaust, bathroom facilities, air conditioning and expansive glass street frontage.
Located within the vibrant hub of Neutral Bay, this premise is surrounded by a myriad of leading national retailers, including the likes of Woolworths, Nike, Salvation Army, ANZ Bank and Priceline Pharmacy, as well as an endless selection of buzzing local cafes, eateries and retail shops. Within walking distance is both the B-Line bus stop and standard bus stops, connecting passengers to and from the Sydney CBD, Lower North Shore and Northern Beaches, in turn providing generous exposure.
Property Highlights:
Courtyard area: 39 sqm* (STCA)
Air-conditioning
Grease Trap and Exhaust installed
Male and Female Bathroom facilities
Adjacent to Military Road and Waters Road intersection
Prominent glass frontage to Military Road
Potential Courtyard usage (STCA)
Passed by thousands of commuters daily*
Surrounded by long standing leading retailers
*All figures are approximate
For further information or to arrange an inspection please contact:
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
Max Stephens | 0429 500 156
max.stephens@raywhite.com
Property History for 242 Military Rd, Neutral Bay, NSW 2089
- 16 Jan 2024Listed for Rent - Price not available
- 11 Mar 2021Listed for Rent - Price not available
- 30 Oct 2014Sold for $780,000
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 7,241 properties. Over the last 5 years, Houses in Neutral Bay have seen a -10.14% decrease in median value, while Units have seen a 5.11% increase. As at 30 June 2026:
- The median value for Houses in Neutral Bay is $2,852,993 while the median value for Units is $1,222,875.
- Houses have a median rent of $1,290 while Units have a median rent of $775.
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