250 & 252 Military Road Neutral Bay NSW 2089

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