Multi-Tenant Investment with Substantial Rental income

Ray White Commercial Sydney North as exclusive selling Agent is delighted to present this prime multi-tenanted asset located at 162 - 164 Military Road, Neutral Bay offered for the first time in 25 years.

Positioned on the corner of Military Road and Young Street, this commercial property is a rare opportunity to purchase a substantial free standing commercial building in the heart of Neutral Bay, with excellent future development potential.

The premises has an expansive 33 metre* frontage to Military Road and Young Street and offers one of the largest retail / commercial premises in the precinct with a building area of 356 sqm* split across 4 separate tenancies. The property enjoys a generous B4 Mixed Use Zoning with a 16 metre height limit.

Well-positioned on a prime corner in the centre of Neutral Bay Village, adjacent to Woolworths Supermarket and Council Carpark and within walking distance to bars, cafes, restaurants, three major supermarkets, as well as specialty stores, niche retailers, financial institutions, professional services and medical specialists.

The property offers huge flexibility with an estimated Gross income of $319,185 per annum + GST* approximately.

This is a fantastic opportunity to acquire one of the lower north shore's finest commercial property investments.

Property Highlights:

• Building Area - 356 sqm*
• Land Area - 224 sqm*
• 33m* street frontage to Military Road and Young Street
• 4 Separate tenancies in place
• Estimated Gross income of $319,185 per annum + GST* approximately.
• Well-positioned on a prime corner in the centre of Neutral Bay Village, adjacent to Woolworths Supermarket and Council Carpark

*all figures are approximate

For further information please contact:
Scott Stephens | 0409 960 006
scott.stephens@raywhite.com

Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com

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