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173 Military Rd 3,638 SF 100% Leased Retail Building Neutral Bay, NSW 2089 For Sale
Investment Highlights
- Fully leased across four tenancies, providing secure and diversified income.
- Positioned on a key transport route with strong pedestrian and vehicle exposure.
- Rear lane access via May Lane for added convenience.
- Prominent landmark corner building with commanding street presence.
- Upper-level suite includes a covered terrace with potential harbor and CBD views.
- Significant development upside with potential for additional height (STCA).
Executive Summary
This fully leased freehold property presents a rare opportunity to acquire a high-profile commercial asset in the heart of Neutral Bay’s vibrant retail and dining precinct. Positioned on a prominent corner block along Military Road, the building offers exceptional exposure to both pedestrian and vehicle traffic, serving as a major gateway between Sydney CBD and the northern suburbs.
The property spans two levels and features wide street frontage, large display windows, and an upper-level suite with a covered terrace, creating a commanding presence in a tightly held market. With four diversified tenancies delivering stable income, this blue-chip investment combines immediate cash flow with significant long-term upside. Rear lane access via May Lane enhances operational convenience, while the site’s favorable aspect provides abundant natural light and potential for Sydney Harbour and CBD views. Development prospects include scope for additional height above current limits (STCA), making this asset a strategic addition to any portfolio.
The property spans two levels and features wide street frontage, large display windows, and an upper-level suite with a covered terrace, creating a commanding presence in a tightly held market. With four diversified tenancies delivering stable income, this blue-chip investment combines immediate cash flow with significant long-term upside. Rear lane access via May Lane enhances operational convenience, while the site’s favorable aspect provides abundant natural light and potential for Sydney Harbour and CBD views. Development prospects include scope for additional height above current limits (STCA), making this asset a strategic addition to any portfolio.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,638 SF
Building Class
C
Year Built
2026
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.05 AC
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173 Military Rd
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