4/196 Military Road, Neutral Bay, NSW 2089 | Property Value & History | OnTheHouse
OFF MARKET

4/196 Military Road
Neutral Bay NSW 2089

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 247m2
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Property Details for 4/196 Military Rd, Neutral Bay

Building Type
Commercial
Land Size
247m2
Local Government
North Sydney

Last Listing description (October 2024)

Located in a thriving Neutral Bay retail hub surrounded by an array of local retailers is Suite 4 / 196 Military Road. Encompassing 57 sqm* with large windows facing Grosvenor Lane that provide an abundance of natural light and north-facing views, this recently renovated suite is ideal for a multitude of uses.

This well-lit premises is further complemented by its kitchenette and high ceilings, creating the ideal location for professionals, medical practitioners and beauty operators. The generously sized windows allow for the occupier to utilise the full extent of marketing potential within the property through the use of window decals and signboards, attracting the thousands* of daily passersby to the business.

Further highlighting the property is the outstanding location throughout the Grosvenor Lane retail strip; the property is situated directly above Priceline Pharmacy and adjacent to Woolworths. It is surrounded by leading retailers such as BWS, Bakers Delight, Chargrilled Charlies and Vintage Cellars - creating a desirable amount of foot traffic from locals and commuters alike. With the B-line bus stop within walking distance and an abundance of council parking at the front door to the premises, as well as undercover parking within the Woolworths building, there is an ease of travel for patrons.

Property Highlights:
57 sqm*
High ceilings
Kitchenette
Airconditioning
Outstanding natural light
Large windows north facing
Amazing location above Priceline Pharmacy with Woolworths directly opposite
Exclusive use bathroom
Council Car Park located at the entrance to the suite
Recently renovated

*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 4/196 Military Rd, Neutral Bay, NSW 2089

A timeline of how this property has performed in the market
Listed for Rent
$929/w
19 Sep 2023
  • 21 May 2024
    Listed for Rent - Price not available
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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 7,250 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 32 properties listed for sale, and 37 properties listed for rent in Neutral bay on OnTheHouse. According to Cotality's data, 275 properties were sold in the past 12 months in Neutral bay.

Suburb Insights for Neutral Bay 2089

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Cotality Copyright and Legal Disclaimers about Property Data
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.