258 Military RoadNeutral Bay NSW 2089
Property Details for 258 Military Rd, Neutral Bay
Last Listing description (June 2025)
Prime Neutral Bay Chinese Restaurant Business Sale
Business Overview
This authentic Chinese restaurant is strategically located on Military Road, Neutral Bayrsquo;s bustling commercial artery.
Spanning 95 sqm with 38-40 seats, the business is now available for sale, offering a prime opportunity to tap into a high-spending clientele of affluent residents, expatriates, and nearby office workers.
Operating Hours:
? Monday to Saturday: 11:00 AM - 3:00 PM (Lunch) | 4:30 PM - 9:00 PM (Dinner)
? Sunday: 5:00 PM - 9:00 PM
? Closed on Tuesdays
Key Advantages
Prime Location High Visibility
? Positioned on Military Road with excellent street exposure, attracting steady foot traffic from commuters, residents, and professionals.
? Neutral Bay is a premium suburb with a high concentration of wealthy households and expats, driving strong demand for quality Asian cuisine.
Cost-Efficient Operations
? Rent: 5,675/month (GST inclusive), partial water rates covered (utilities: $400/week).
Streamlined Staffing:
o 1 Head Chef
o Floor Staff
Ready-to-Operate Setup
? Fully equipped kitchen - no renovation required. Immediate takeover ensures minimal downtime.
? Established menu and loyal customer base for seamless transition.
Growth Opportunities
? Expand revenue through partnerships with delivery platforms.
? Flexible lease terms: 3 months remaining + 5 year renewal option for long-term stability.
Ideal For:
o First-time owners seeking a proven business model.
o Investors targeting high-yield hospitality assets.
o Families or couples aiming to operate independently.
Property History for 258 Military Rd, Neutral Bay, NSW 2089
- 26 Mar 2025Listed for Sale Contact Agent
- 10 Oct 2021Listed for Rent $495 weekly
- 18 Aug 2021Sold - Price Undisclosed
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 7,241 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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