2A Waters Rd 871 SF Retail Condo Unit in Neutral Bay, NSW 2089

This property comprises two strata-titled retail lots combined to create a versatile 81 m² space in a prime Neutral Bay location. The configuration allows for a mix of indoor and outdoor areas, ideal for hospitality or boutique retail use. Positioned on an elevated frontage along a busy retail strip, the property benefits from strong pedestrian visibility and convenient rear access to a council car park. Ownership includes the security of a long-term lease to a successful operator, providing stable income within a high-demand lower north shore market.

Positioned in the vibrant heart of Neutral Bay, this boutique retail investment offers a rare opportunity to secure a fully leased asset in one of Sydney’s most desirable lower north shore precincts by Commercial Auction. The property comprises two adjoining titles totaling 81 m², delivering a flexible layout with both indoor and outdoor dining areas. Its elevated street frontage ensures strong visibility along a high-traffic retail strip, attracting consistent footfall from local residents and visitors alike.

Currently occupied by the well-established Ramen Torrichi under a long-term 9-year lease, the property provides immediate income security and a proven track record of strong occupancy. The tenancy’s success underscores the location’s appeal, supported by a growing residential catchment and affluent demographic profile. Neutral Bay boasts a median household income significantly above the Sydney average, reinforcing the area’s robust consumer spending power.

The property benefits from convenient rear access to a council car park, enhancing customer accessibility and supporting sustained trade. Situated just steps from Military Road, the site enjoys seamless connectivity to Sydney CBD, North Sydney, and surrounding suburbs via major bus routes and arterial roads. This strategic location, combined with the property’s secure tenancy and high-exposure position, makes it an ideal choice for investors seeking a stable, long-term retail asset in a tightly held market.