244 Military Road, Neutral Bay, NSW 2089 | Property Value & History | OnTheHouse
 
OFF MARKET

244 Military Road
Neutral Bay NSW 2089

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 150m2
Land area: 106m2
Improve this data
We do not have enough data to display the calculated estimate for this property.
Share
Save

Property Details for 244 Military Rd, Neutral Bay

Building Type
Commercial
Floor Size
150m2
Land Size
106m2
Local Government
North Sydney
Lot/Plan
1/DP251349

Last Listing description (June 2021)

CBRE, as the exclusive listing agent, is pleased to present 244 Military Road, Neutral Bay.

Located 3.5km* north of the Sydney CBD and in the centre of Sydney's robust Lower North Shore region, this two-storey freehold retail property rests on 106sqm* of B4 - Mixed Use zoned land. The property has significant frontage and signage to Military Road which connects Neutral Bay to the city, M1 Motorway and north towards the Northern Beaches. Neutral Bay is listed as Sydney's 10th Most Liveable Suburb on the Urban Living Index.


The underlying B4 Mixed Use zoning and 16m height limit positions the property for redevelopment (STCA). The property also sits within Stage 1 of the Military Road Planning Corridor Study which proposes an increase in density to support jobs and housing in the rapidly growing suburb.

244 Military Road benefits from the following key attributes:

Total NLA of 156sqm*
5.1m* frontage and significant signage opportunities (STCA ) to Military Road
High exposure location with 50,000* cars passing daily
Fully integrated security system
Split system air-conditioning on each floor
Kitchenette & bathroom on each floor plus shower
Top floor Rear & front balcony
Built in 2000 with depreciation benefits
B4 Mixed Use Zoning with 16m height limit providing significant development potential (STCA)
Situated within Stage 1 of the Military Road Planning Corridor Study which proposes an increase in density to support jobs and housing in the rapidly growing suburb.
Offered with vacant possession suitable for occupiers, investors or developers


244 Military Road, Neutral Bay will be sold via Private Treaty.

For more information or to request access to the due diligence room, please contact the exclusive selling agents.

*Approx.

Show More

Property History for 244 Military Rd, Neutral Bay, NSW 2089

A timeline of how this property has performed in the market
Last Sold
$1,925,000
18 Jun 2021
Listed for Rent
$1.53k/w
24 Jun 2011
  • 18 Jun 2021
    Sold for $1,925,000
  • 10 Mar 2021
    Listed for Sale $1,750,000
  • 10 Mar 2011
    Listed for Rent $80,000 / year
Sign in to see more transactions
Commute Calculator

Recent sales nearby

See more recent sales nearby

Similar properties For Sale nearby

See more properties for sale nearby

Similar properties For Rent nearby

See more properties for rent nearby

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 7,267 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 31 properties listed for sale, and 37 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.

Neutral Bay Profile Page

Suburb Insights for Neutral Bay 2089

Visit Neutral Bay profile page
Market Insights
Neutral Bay Trends for Houses
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neutral Bay Trends for Units
Median Value

N/A

-
View Trend
Median Growth

N/A

View Trend
Median Rent

N/A

-
View Trend
Rental Yield

N/A

-
View Trend
Median Value: The middle value of all properties across the geography based on the Automated Valuation Model.
Median Value over 1 year
Neighbourhood Insights
Age
Household
Occupancy
No data to show
Visit Neutral Bay profile page
Cotality Copyright and Legal Disclaimers about Property Data

© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.

X

GETTING STARTED