Landmark Mosman building and Military Rd “trophy asset” has developers ready to pounce.

By ANNA USHER

It’s been tightly held for nearly 30 years – but we can exclusively reveal that a landmark corner property in the heart of Mosman is officially on the market.

Strategically located at 713-715 Military Rd and next door to Mosman RSL, the blue-chip property is currently home to seven tenants including Bec + Bridge, Cole Hair Studio and Niche Café, delivering $500,000 in secure income per annum.

It also sits just 100m from the new Woolworths Metro.

Colliers agents Tom Appleby, Samantha Carroll and Guillaume Volz have the exclusive listing, which also comes with six car spaces.

“The asset the asset benefits greatly from favourable underlying development planning controls, that could unlock stunning water views overlooking Balmoral Beach.

“Premium investments with strong future development potential of this calibre very rarely come to market in Mosman,” Mr Appleby told Mosman Collective.

“We’re anticipating a significant amount interest from developers, high-net-worth value-add investors and retail occupiers.”

“The property also offers value-add opportunities, including potential rental reversions, further strengthening its investment appeal,” Ms Carroll added.

Colliers say the site has a permissible Gross Floor Area of 1,174sqm (STCA), offers versatile potential for a prestige mixed-use offering.

“The area continues to attract premium projects, with DARE Property Group lodging a DA for a luxury mixed-use apartment complex at 696-706 Military Road, featuring 27 upscale apartments and ground-floor retail, while The Heaton Group nears completion of its ‘The Archibold Mosman’ project at 171-179 Avenue Road,” a Colliers spokesperson said.

Meanwhile, Abadeen Group has made a strategic off-market acquisition at 34 Burran Avenue for around $18.5 million, and Prosker Property is currently developing Redan Lane, capitalising on world-class Balmoral views.

713-715 Military Rd will be sold via an International Expressions of Interest campaign closing 3 April 2025.