Retail Asset | $3,450,000 | Net Yield: 5.70% | NSW

This premium retail investment offers a rare opportunity to secure a high-exposure commercial asset in one of Sydney’s most tightly held and affluent precincts.

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Positioned along Military Road in the heart of Neutral Bay, the property benefits from exceptional visibility with approximately 52,000 vehicles passing daily, ensuring strong ongoing tenant demand and business performance. The asset forms part of a vibrant retail and lifestyle hub, surrounded by Woolworths, cafes, restaurants, and the recently developed Neutral Bay Village.

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The property is leased to Jetts Fitness, a nationally recognised health and fitness operator with over 250 locations across Australia. The tenant has successfully operated from this location for more than 15 years, demonstrating long-term stability and a strong connection to the local community.

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Generating a net income of $196,353 p.a., the asset delivers a 5.70% net yield, supported by a secure lease running to 2032 with a further 5-year option extending to 2037. Annual rent increases of 4% provide consistent income growth, while recoverable outgoings and tenant-paid management contribute to a low-maintenance investment profile.

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The property comprises a substantial 343m² strata holding, including a 314m² retail space and two secure basement car spaces. The modern fit-out is purpose-built for fitness use, featuring an open gym layout and full amenities, supporting the tenant’s long-term operational requirements.

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Located just 5km from the Sydney CBD, Neutral Bay is one of the Lower North Shore’s most desirable suburbs, characterised by strong demographics, high household incomes, and a large proportion of young professionals. This affluent catchment provides an ideal customer base for health and fitness operators and underpins the long-term viability of the tenancy.

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With secure income, a proven national tenant, strong rental growth, and an irreplaceable blue-chip location, this asset represents a compelling investment opportunity combining stability and long-term capital growth potential.