3/199 Military Road, Neutral Bay, NSW 2089

Lower North Shore long lease investment.

This is an outstanding opportunity to secure a prime Neutral Bay investment property secured by an AAA tenant, Jetts Fitness. Established operator for 15 years at this location.

Set in a modern building in the new Civic Heart of the Neutral Bay Village. Securely leased to Fitness Health Management, an award-winning premier Jetts Fitness operator.  Jetts Fitness is the 2024 AUSactive National Awards Franchise of the Year with over 250 locations nationwide.

Investment Highlights:
•  AAA Tenant - Jetts Fitness
•  Renewed 7 year lease to Oct. 2032, option to 2037
•  Prime strata-titled property, 343 sqm on title
•  2 valuable secure car spaces
•  High traffic exposure – 52,000 cars daily*
•  Modern fit-out
•  Gross income $237,340 pa**

Ideally located steps to the new Neutral Bay Town Centre development, featuring an 8-storey mixed-use project of apartments, retail, a public plaza including Woolworths, cafes, and premium retail.

* Approx.RTA
** As of 1 October 2025