Shop 3/12 Waters Road Neutral Bay, NSW 2089

• Brand New 8 Year Lease to 2033
• Rare 4% Annual Rent Increases
• 4km* from Sydney CBD

Ray White Commercial Sydney North in conjunction with CBRE are pleased to offer to the market, Wholegreen Bakery Neutral Bay, a premium gluten-free bakery at the heart of Sydney's most affluent Lower North Shore community, located at 3/12 Waters Road, Neutral Bay (Sydney) NSW for sale via Investment Portfolio Auction 185.

Positioned within the landmark Pienza Retail Village, the asset offers a rare opportunity to acquire a newly constructed, long-lease investment underpinned by a renowned, award-winning tenant in one of Sydney's most tightly held metropolitan markets.

The property has the following key investment highlights:

• Brand new 8 year lease to 2033 plus 8 year option extending to 2041
• Wholegreen Bakery: Sydney's premier award-winning gluten-free bakery, founded in 2014 with 5 locations and growing across NSW
• Rare compounding fixed 4% annual increases guaranteeing long term rental growth
• Brand new high specification fit-out completed in 2026 offering maximum depreciation benefits
• Ample secure underground and street car parking enhancing long-term tenant functionality for staff and customers
• Positioned within Pienza Retail Village alongside premium operators including Dan Murphy's, Body Love, and Fresh Hospitality
• Surrounded by major retail, lifestyle and education amenities including Coles, Woolworths, Redlands, and The Oaks Hotel, one of Sydney's most significant recent hotel transactions ($140 million)
• Neutral Bay is one of Sydney's most affluent and tightly held Lower North Shore suburbs, characterised by strong demographics and high barriers to entry
• Net Income: $95,648 pa* + GST

Expressions of Interest Closing 6 August 2026.

*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