Ray White Commercial Sydney North as the exclusive selling agent is pleased to present 886 - 888 Military Road, Mosman, for sale via Auction.
886 - 888 Military Road is arguably the "Best Retail" freehold building located in Mosman Junction's bustling centre position with double street frontage and rear lane access.
As the busiest retail location in Mosman, the property affords outstanding exposure, strengthened by the proximity to Mosman Council public car parking facilities.
This prominent building in a high-profile location has been recently occupied by Harry Hartog Booksellers who have completed an extraordinary fit out of the premises. The property has a 10m* frontage to Military Road and is surrounded by many long-standing and high profile retailers and service providers. Access to the property is possible from both Military Road and Mosman Council's Raglan Street east car park which provides both pedestrian and vehicular traffic to the property.
886 - 888 Military Road is one of the largest single land holdings in Mosman Junction being 398 sqm* with a dominant 10 metre* street frontage to Military Road and a lettable area of approximately 507 sqm*.
The current net income is approximately $400,000 per annum + GST* (as detailed in the contract of sale) with Harry Hartog recently taking residence in this impeccable location. This property presents as an outstanding opportunity for investors or developers who wish to maximize the outstanding opportunity. The E1 Local center zoning, 11m height limit and 2:1 FSR offers the potential for substantial redevelopment (STCA).
With its main road location, 886 - 888 Military Road is surrounded by easy access to public transport including buses and ferries which easily connects the property to Sydney CBD and Northern Beaches.
Property Highlights:
• Land Area - 398 sqm*
• Building Area - 507 sqm*
• Leased to National Retailer, Harry Hartog Booksellers
• 5 Year Lease commenced 19 August 2024
• Gross Income of $400,000 per annum + GST* (as detailed in the contract of sale)
• 10m* Street Frontage
• Rear Lane Access to Raglan Street East Car Park
• Located in one of the most exclusive suburbs in Sydney
*All figures are approximate
For further information or to arrange an inspection please contact:
Scott Stephens | 0434 341 001
scott.stephens@raywhite.com
