CBRE in conjunction with Ray White Commercial Sydney North 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 December 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 1,217sqm* large-format tenancy, presented in Dan Murphy’s latest corporate design
+ 47 secure basement car spaces enhancing long-term tenant functionality. Currently managed by InterPark offering opportunities for significant additional income.
+ 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
+ Net Income: $891,574 pa* + GST

To be sold via Expression of Interest
Closing 3pm AEST Wednesday 20 May

*Approx