Positioned at 261-263 Military Road, Cremorne, the prominent corner holding spans 668sqm* and occupies a strategic junction linking Sydney’s CBD with the Northern Beaches. The property is currently leased to luxury automotive tenant BMW Mosman, delivering a net annual income of $304,024 + GST*, with 100 per cent of statutory outgoings recovered from the tenant.
The offering is being managed by RWC Sydney North, with director Scott Stephens noting early enquiry has been encouraging.
“This is the kind of asset that rarely becomes available,” Mr Stephens said. “Corner sites of this scale and prominence, particularly with such a long ownership history, are tightly held and highly sought after.”
The property features an expansive 18-metre frontage to Military Road and more than 30 metres to Spencer Road, currently accommodating a BMW showroom, display yard, and lower-level workshop and parking.
Beyond its immediate income profile, the site presents future upside through its MU1 Mixed Use zoning and 16-metre height limit, opening the door to a range of potential redevelopment outcomes (STCA).
“While the current tenancy provides a strong and secure income stream, we’re seeing buyers equally motivated by the long-term potential of the site,” Mr Stephens said. “The combination of scale, zoning flexibility and location makes it suitable for a variety of future uses.”
Located within Cremorne’s vibrant village precinct, the property sits among a mix of established retailers, dining venues and lifestyle amenities, and benefits from proximity to Neutral Bay and direct transport links into the CBD.
Mr Stephens said broader infrastructure investment across Sydney’s north is also underpinning buyer interest.
“With major projects like the Western Harbour Tunnel and Sydney Metro progressing, connectivity across the Lower North Shore is only set to improve,” he said. “These projects are reshaping how people move through Sydney and are reinforcing the long-term appeal of well-located assets like this.”
The property is being offered for sale via Expressions of Interest, closing 13 May 2026.
