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Retail in Neutral Bay
NATIONAL TENANT INVESTMENT | BUSY LOCATION IN AFFLUENT SUBURB
- Building: 385m²
Additional Information:
FloorplanRay 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 $364,949 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 $364,949 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
385m²
Tenanted
Investment Information
Fully Tenanted
N/A (Marketed Without Price)
N/A (Marketed Without Price)
* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.
All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply
