3/12 Waters Road, Neutral Bay, NSW 2089

CBRE in conjunction with Ray White Commercial Sydney North are pleased to offer to the market, Wholegreen Bakery Neutral Bay, a premium gluten-free bakery at the heart of Sydney's most affluent Lower North Shore community, located at 3/12 Waters Road, Neutral Bay (Sydney) NSW for sale via Investment Portfolio Auction 185.

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

The property has the following key investment highlights:

+ Brand new 8 year lease to 2033 plus 1 further 8 year option extending to 2041
+ Wholegreen Bakery: Sydney's premier award-winning gluten-free bakery, founded in 2014 with 5 locations and growing across NSW
+ Rare compounding fixed 4% annual increases guaranteeing long term rental growth
+ Brand new high specification fit-out completed in 2026 offering maximum depreciation benefits
+ Ample secure underground and street car parking enhancing long-term tenant functionality for staff and customers 
+ Positioned within Pienza Retail Village alongside premium operators including Dan Murphy's, Body Love, 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
+ Net Income: $95,648 pa* + GST

To be sold by Investment Portfolio Auction
10:30am (AEST) Tuesday 23 June 2026
Yallamundi Rooms, Sydney Opera House

Please contact the exclusively appointed sales team for more information.

*Approx