97 Military RoadNeutral Bay NSW 2089
Property Details for 97 Military Rd, Neutral Bay
Last Listing description (August 2018)
We are pleased to present 97 Military Road, Neutral Bay for Sale.
This outstanding freehold retail & commercial property offers enormous potential for investors and owner occupiers. This property is offered for sale with vacant possession.
Located in the heart of Neutral Bay, just metres from the iconic Oaks Hotel and adjacent to numerous other long-standing retailers. The premises is surrounded by many new mixed use developments which enhance this vibrant precinct.
The building is air-conditioned throughout and within a B4 mixed-use zoning, the premises could be further developed and/or converted to partial residential use subject to council consent.
The ground floor currently offers a fully equipped commercial kitchen with bi-fold doors opening to an alfresco dining area.
The building has prominent Military Road frontage in addition to rear lane access and right of way access for parking.
Highlights:
* Prime freehold property
* Outstanding location in the heart of Neutral Bay
* Internal lettable area of 162sqm approx.
* Extensive fit out in place and fully equipped commercial kitchen
* Offered with vacant possession
* Rear lane access to Ben Boyd Road and tranquil garden terrace
* B4 Mixed-use zoning with future development potential (STCA)
* Close proximity to the Oaks Hotel
For a detailed Information Memorandum or to arrange an inspection with our agents, please contact Scott Stephens or Frank Bird on 02 9969 1500.
Property History for 97 Military Rd, Neutral Bay, NSW 2089
- 17 May 2018Sold for $2,280,000
- 21 Sep 2017Listed for Rent $90,000 / year
- 02 Jun 2017Listed for Sale Price Upon Application
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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 7,255 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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