Shop 5/12 Waters Road Neutral Bay, NSW 2089

• Brand New 10 Year Lease
• Fixed 3% Annual Rent Increases
• 4km* from Sydney CBD

Ray White Commercial Sydney North in conjunction with CBRE are pleased to offer to the market, Bodylove Pilates Neutral Bay, a premium two-level Pilates studio at the heart of Sydney's most affluent Lower North Shore community, located at 5/12 Waters Road, Neutral Bay (Sydney) NSW for sale via Expressions of Interest.

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

The property has the following key investment highlights:

• Brand new 10 year lease to 2035 plus 5 year option to 2040
• Bodylove Pilates: An established Sydney studio network with multiple metro Sydney locations and an expanding international presence
• Compounding fixed 3% annual increases guaranteeing long term rental growth
• Brand new two-level state-of-the-art fit-out completed in 2026 offering maximum depreciation benefits for the incoming purchaser
• Pilates is the fastest growing boutique fitness category in Australia valued at $7.4b
• Located within a total trade area of 117,260 residents generating $2.8 billion in annual retail expenditure, forecast to grow 3% per annum to 2041
• 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, Trattor, and Wholegreen Bakery
• 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: $353,194 pa* + GST

To be sold individually via Expressions of Interest. Closing 3pm AEST Wednesday 12 August 2026
+ Dan Murphy's - 1/12 Waters Road, Neutral Bay NSW
+ Trattor - 2/12 Waters Road, Neutral Bay NSW
+ Wholegreen Bakery - 3/12 Waters Road, Neutral Bay NSW

Please contact the exclusively appointed sales team for more information.

*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