Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089

parkingSpaces 11
|Retail
CIRCA 6% NET YIELD
CIRCA 6% NET YIELD
Published on: 14 Oct 2024
Last updated on: 20 Nov 2024
Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089
Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089
Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089
+6
Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089
  • 6
  • 1
Property ID: 504712100
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Key property information

Parking Comments
11 x Secure Car spaces
Floor Area
4,144.11 sq ft
Parking Spaces
11
Tenure Type
tenanted

NATIONAL TENANT INVESTMENT | BUSY LOCATION IN AFFLUENT SUBURB

Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089
Ray White Commercial Sydney North as the exclusive selling agent is pleased to present Shop 2 / 154 - 158 Military Road, Neutral Bay. 

Chemist Warehouse is the anchor retail tenant of a prominent mixed-use building with a commanding presence on Military Road due to its 18m* of street frontage is Shop 2, 154 - 158 Military Road, Neutral Bay. On offer is a fantastic opportunity to acquire an outstanding commercial investment, occupied by Leading National Tenant, Chemist Warehouse on a long lease on Sydney's Lower North Shore. 

Diversifying the revenue stream is the additional income provided from the 11 separately leased car spaces, together with the Chemist Warehouse tenancy, brings the  gross income to $364,404 per annum + GST*. 

Spanning a lettable area of 385 sqm*, the property offers fantastic exposure to Military Road with rear access for loading and  11 x car spaces, with its positioning further enhanced with the proximity of complementary businesses within the complex including a Medical Practice, Dental Practice, Veterinary clinic and specialist consulting rooms. 

The property is ideally situated in the centre of Neutral Bay Village and within walking distance to national retailers including Woolworths, Coles, Australia Post,  Anytime Fitness, as well as specialty stores, niche retailers, financial institutions, professional services, medical specialists, bars, cafes and restaurants. 

Shop 2 / 154 - 158 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. 

Property Highlights: 
•  Tenanted Investment with Leading National Tenant, Chemist Warehouse 
•  385 sqm* + Storage 
•  11 x Secure car spaces on separate leases 
•  Gross Income of $364,404 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

Property Details

Basic Info

Property Type
Retail
Listing Status
On Market
Parking Spaces
11
Address
Shop 2, 154 - 158 Military Road, Neutral Bay, NSW 2089

Floorplans and tours

Floorplan
Scott Stephens
Scott Stephens
Logan Grisaffe
Logan Grisaffe
102 Glover Street, Mosman, NSW 2088
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Scott Stephens
Scott Stephens
Logan Grisaffe
Logan Grisaffe
102 Glover Street, Mosman, NSW 2088
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      Property ID: 504712100

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