Images and floorplans are provided for illustrative purposes and remain the property of their respective copyright owners.
261 - 263 Military Road
Cremorne, NSW 2090
Expressions Of Interest Closing 13 May 2026
Overview
FIRST TIME OFFERED IN OVER 60 YEARS*
This commercial property located at 261 - 263 Military Road, Cremorne, is being offered for sale via Expressions of Interest, marking its first availability in over 60 years. Situated prominently on the corner of Military and Spencer Road, this substantial free-standing commercial building presents an exceptional investment opportunity with significant future development potential.
The property boasts a generous land area of 668 square meters, featuring an expansive 18-meter frontage to Military Road and over 30 meters to Spencer Road. It currently houses the BMW North Shore Mosman showroom for new and used vehicles, including a car display hard stand and a lower-level carpark/workshop. The site benefits from a Mixed Use (MU1) zoning and a height limit of 16 meters, providing flexibility for various commercial uses or redevelopment subject to council approval.
Currently leased to a luxury car dealership, North Shore BMW, the lease extends until October 2026. This tenancy offers a stable income stream with a net income of $304,024 per annum plus GST, and 100% of statutory outgoings are recoverable from the tenant, enhancing the investment's financial appeal.
Strategically positioned in the heart of Cremorne's vibrant village precinct, the property enjoys close proximity to well-established retailers such as McDonald's, Sushi Train, and the Cremorne Orpheum Cinema. It is also within walking distance to the Cremorne and Neutral Bay villages, areas known for their picturesque parklands, stunning harbour views, and excellent access to Sydney's central business district. Cremorne offers a unique village atmosphere and a strong sense of community, making this location highly desirable.
The Expressions of Interest process closes at 5pm on Wednesday, 13 May 2026, inviting interested parties to explore this rare opportunity.
Property Highlights:
- First time offered in nearly 60 years
- Leased to a prestigious luxury car dealership, BMW Mosman
- Full recovery of statutory outgoings from the tenant
- Attractive net income of $304,024 per annum plus GST
- Prime corner location in Cremorne connecting Northern Beaches and Sydney CBD
All figures provided are approximate and intended as a guide only.
Location
Cremorne NSW 2090
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 668 sqm |
Market Insights for Cremorne NSW 2090
Other properties in this postcode
Auction - Sat 16 May
20/47-55 Milson Road, Cremorne Point NSW 2090
For Sale: $2,000,000-$2,200,000
4/50 Grasmere Road, Cremorne NSW 2090
* Search brackets are a technical classification derived from unverified metadata set by the listing agent for search filtering. It is not an official price guide, a valuation, or a representation of the seller's reserve. This data is provided for search transparency purposes only.
