250/252 Military RoadNeutral Bay NSW 2089
Property Details for 250/252 Military Rd, Neutral Bay
Last Listing description (September 2024)
Ray White Commercial Sydney North as the exclusive selling agent are pleased to present 250 & 252 Military Road, Neutral Bay for sale by Expressions of Interest. The properties are offered for sale together or separately.
Located on Military Road with an expansive 9 metre* frontage, this commercial asset is a rare opportunity to purchase two substantial buildings in the heart of Neutral Bay, sitting on 297 sqm* of land and possessing excellent future development potential (STCA).
Across the two buildings, there is a total building area of 302 sqm* split across 4 separate tenancies including retail, commercial and residential, with all tenants on short term lease agreements. The property presents as an incredible opportunity for investors or developers who wish to maximise the potential of the site, given the existing under development. The property enjoys a generous MU1 Mixed Use Zoning with a 16-metre height limit.
Located within the vibrant hub of Neutral Bay, this premises 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.
250 & 252 Military Road, Neutral Bay is surrounded by easy access to public transport which easily connects the property to Sydney CBD, Lower North Shore, Upper North Shore and Northern Beaches.
The property currently has an estimated gross income of $113,900 per annum + GST*.
Property Highlights:
Land Area | 297 sqm*
Net Lettable Area | 302sqm* + Rear lane parking
Comprises of 2x Retail, 1x Commercial & 1 x Residential premises
Located along Military Road corridor
Potential Development Upside (STCA)
Estimated Gross Income on a fully leased basis is approximately $113,900 per annum + GST*
*All figures are approximate
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com
Property History for 250/252 Military Rd, Neutral Bay, NSW 2089
- 25 Jun 2024Listed for Sale EXPRESSIONS OF INTEREST
Recent sales nearby
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0About 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 7,242 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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