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Ray White - Lower North Shore

581 & 583 Military Road Mosman, NSW 2088

581 & 583 Military Road,
Mosman, NSW 2088

Shop & Retail • Offices • Other

Price information

Sale - Auction Thu 21 Oct


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Ray White - Lower North Shore
Scott Stephens
Frank Bird

Ray White - Lower North Shore

102 Glover Street
Ray White - Lower North Shore
581 & 583 Military Road
Mosman, NSW 2088




Ray White Commercial Sydney North in conjunction with Atlas Real Estate presents for your consideration an outstanding opportunity to obtain a double fronted mixed use investment property with development potential for the astute investor/developer to capitalise on the current market. The properties will be offered in one line or separately if not sold together at auction.

The property consists of two ground floor retail shops with one apartment and one commercial space on level one. The property currently offers an attractive income stream from four tenants with a current passing income of $200,548 per annum* (gross) with the potential for substantial rental growth.

With a building size of 314sqm*, the site benefits from a B2 Local Centre zoning, a Floor Space Ratio of 2.5 : 1 and a height limit of 15 metres allowing for significant future development to add value and profit (STCA).

Perfectly positioned in one of the most exclusive suburbs in Sydney, 581-583 Military Road, Mosman is only 8km to Sydney CBD.
Mosman offers a wonderful lifestyle full of exclusive fashion retailers eateries, providers, cafes and restaurants. With its main road location, 581 - 583 Military Road is surrounded by easy access to public transport including buses and ferries which easily connects the property to Sydney CBD and Northern Beaches.

Property Highlights:
- Four Tenancies with a net income of $171,403.65 per annum + GST*
- Land Area - 212 sqm*
- Building Area - 314 sqm*
- Substantial development potential for a mixed-use retail/residential project (STCA)

* All figures are approximate

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Additional information

Property ID: 503900678Last Updated: 12 Oct 2021

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Ray White - Lower North Shore
102 Glover Street
Atlas Real Estate - Crows Nest
Suite213, 5 Alexandar Street
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