Retail for Sale

12 Waters Road Neutral Bay, NSW 2089

EXPRESSION OF INTEREST

Building: 1,104m²

Contact the agent if you'd like further information.

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Retail for Sale in Neutral Bay

Brand New Sydney Dan Murphy's | Long 10 Year Lease to 2035 | Trophy Lower North Shore Investment

Building: 1,104m²

Long 10 Year Lease to Oct 2035
Blue Chip ASX Listed Tenant
4km* from Sydney CBD

Ray White Commercial Sydney North in conjunction with CBRE are pleased to offer to the market, Dan Murphy's Neutral Bay, a premium liquor destination at the heart of Sydney's most affluent lower North Shore community, located at 12 Waters Road, Neutral Bay (Sydney) NSW for sale via Expressions of Interest.

Positioned within the landmark Pienza Retail Village, the asset offers a rare opportunity to acquire a newly constructed, long-lease investment underpinned by a blue-chip national tenant in one of Sydney's most tightly held metropolitan markets.

The property has the following key investment highlights:

• Long 10 year lease to 2035 plus options extending to 2060
• Dan Murphy's: Australia's liquor store of the year for the third year running & wholly owned subsidiary of ASX listed Endeavour Group with annual revenue of $12.1 billion, over 280 stores nationally and a loyalty base of over 5.5 million members
• Compounding fixed 3% annual rental increases guaranteeing long term predictable income growth
• Brand new 1,187sqm* large-format tenancy, presented in Dan Murphy's latest corporate design
• 47 secure basement car spaces enhancing long-term tenant functionality
• Only new-build Dan Murphy's delivered in inner-city Sydney since 2017 and one of only two stores within 4km* of the Sydney CBD
• Positioned within Pienza Retail Village alongside premium operators including Body Love, Wholegreens Bakery and Fresh Hospitality
• Surrounded by major retail, lifestyle and education amenities including Coles, Woolworths, Redlands, and The Oaks Hotel, one of Sydney's most significant recent hotel transactions ($140 million)
• Neutral Bay is one of Sydney's most affluent and tightly held Lower North Shore suburbs, characterised by strong demographics and high barriers to entry
• Significant depreciation benefits associated with brand new construction
• Commencing Rent: $993,600 pa* + GST

To be sold via Expression of Interest
Closing 3pm AEST Wednesday 29 April 2026

*All figures are approximate

For further information or to arrange an inspection please contact:

Scott Stephens | 0434 341 001
scott.stephens@raywhite.com

Logan Grisaffe | 0403 916 433
logan.grisaffe@raywhite.com

Building:

1,104m²

Tenancy:

Tenanted

Next Steps:

Enquire with agent

Listed By:

RWC Sydney North

Additional Information:

More Info

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Investment Information

Tenancy Status:

Fully Tenanted

Estimated Gross Yield:

N/A (Marketed Without Price)

Estimated Nett Yield:

N/A (Marketed Without Price)

* Total annual expenses are based upon information provided by the vendor. They exclude potential costs that will vary according to the purchaser. Excluded costs include, but are not limited to, management and leasing fees, marketing costs, repairs and maintenance.

All provided figures are estimates and should not be relied upon by a purchaser. The returns are not guaranteed. Further disclaimers apply