8/197 Military RoadNeutral Bay NSW 2089
Property Details for 8/197 Military Rd, Neutral Bay
Last Listing description (February 2023)
Colliers are pleased to present For Sale Suite 8 in 187-197 Military Road; a well-exposed retail suite conveniently positioned in one of Sydney's most affluent suburbs. Leased to Australia's leading super-food bar franchise, Acai Brothers, and benefiting from potential development upside via strata amalgamation (STCA), the opportunity will undoubtedly appeal to a wide range of investors.
Key Highlights:
+ Strong lease covenant to reputable tenant; franchise has over 20 stores nationally
+ Floor-to-Ceiling windows with signage opportunities to Military Road (~66,000 cars per day)
+ Excellent natural light from northern aspect
+ Small outdoor seating area
+ Fully self-contained
+ 1 secure underground car space
+ Potential development upside via amalgamation (STCA)
+ Excellent connectivity; Woolworths (50m), B-Line bus interchange (60m) & Neutral Bay Ferry Wharf (1.2km)
For further information and/or to arrange a private inspection please contact the exclusive listing agents.
Property History for 8/197 Military Rd, Neutral Bay, NSW 2089
- 24 Feb 2023Sold for $700,000
- 20 Oct 2022Listed for Sale Please contact agent
- 17 Jul 2002Sold for $395,000
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 7,253 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.
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