Your email has been sent.
199-207 Military Rd - Monterey 430 - 3,692 SF Condo Units in Neutral Bay, NSW 2089
Investment Highlights
- High-profile location in Neutral Bay village
- Secure parking
Executive Summary
Commercial building in a prime Neutral Bay location, with transport, restaurants, cafes and shops at the doorstep. Security building with intercom and lift access.
Property Facts
| Total Building Size | 32,292 SF | Floors | 5 |
| Property Type | Multifamily | Typical Floor Size | 6,458 SF |
| Property Subtype | Apartment | Lot Size | 0.21 AC |
| Building Class | C |
| Total Building Size | 32,292 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 5 |
| Typical Floor Size | 6,458 SF |
| Lot Size | 0.21 AC |
Amenities
Unit Amenities
- Air Conditioning
- Security System
Site Amenities
- Security System
- On-Site Retail
- Elevator
- Public Transportation
2 Units Available
Unit Shop 3
| Unit Size | 3,692 SF | NOI | $147,284.92 |
| Condo Use | Retail | No. Parking Spaces | 2 |
| Sale Type | Investment |
| Unit Size | 3,692 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $147,284.92 |
| No. Parking Spaces | 2 |
Description
Strata-titled retail space on ground floor with 343 sqm on title and 2 secure car spaces.
Sale Notes
This is a rare opportunity to secure a premium health and wellness investment in the heart of Neutral Bay, one of Sydney’s most vibrant Lower North Shore precincts. The property is anchored by Jetts Fitness, an award-winning national franchise and the 2024 AUSactive National Awards Franchise of the Year, operating over 250 locations nationwide. This established operator has been a fixture at this location for 15 years, providing exceptional covenant strength and long-term security.
The asset features a renewed 7-year lease through 2032 with an option to 2037, delivering attractive 4% annual rent increases and a current net income of $207,353 per annum (land tax exclusive). The property comprises 343 sqm on title, including two valuable secure car spaces, and boasts a modern fit-out designed for high-performance fitness operations. Positioned in a modern building within the new Civic Heart of Neutral Bay Village, the site benefits from high traffic exposure of approximately 52,000 cars daily and is steps away from the approved Neutral Bay Town Centre redevelopment, which will introduce premium retail, a public plaza, and a Woolworths supermarket.
This is a true set-and-forget investment opportunity, combining a blue-chip tenant, long-term income security, and a prime location in one of Sydney’s most affluent and tightly held markets.
Interior Photo
Interior Photo
Unit Shop 4
| Unit Size | 430 SF | Sale Type | Investment |
| Condo Use | Office/Retail |
| Unit Size | 430 SF |
| Condo Use | Office/Retail |
| Sale Type | Investment |
Description
Ground-floor retail/office condo.
Sale Notes
This is an outstanding opportunity to secure a high-exposure retail or office space in one of Neutral Bay’s busiest commercial corridors. Positioned along Military Road, the property benefits from exceptional visibility with approximately 52,000 cars passing daily, ensuring strong brand exposure and consistent foot traffic.
The versatile layout includes a showroom and a separate office or stock area, complemented by nearly new carpet, feature down lighting, and full air conditioning. High ceilings and a full glass storefront create a bright, inviting environment ideal for retail or professional office use. Located in a modern building with full amenities, this property offers both functionality and style.
Situated just meters from Woolworths, Jetts Fitness, and popular cafes, the property is in a thriving retail and lifestyle hub. It is also steps away from the approved Neutral Bay Town Centre redevelopment, which will introduce an 8-storey mixed-use project featuring premium retail, a public plaza, and residential apartments—further enhancing the area’s vibrancy and long-term value.
Currently leased until May 2026, this property provides immediate income and GST-free purchase benefits, making it an attractive option for both investors and future owner-occupiers.
Presented by
199-207 Military Rd - Monterey
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.