Pienza Retail 12-14 Waters Road, Neutral Bay, NSW 2089

Colliers are excited to present a rare opportunity to acquire Pienza Retail, Neutral Bay - a recently completed retail precinct in Sydney's affluent North Shore, just 4km from the Sydney CBD.

Neutral Bay enjoys a strong local demographic, with a young, affluent population, boasting a household income 60% higher than the Sydney average.¹

This trophy asset has 115m of triple street corner frontage in one of Sydney’s tightest-held catchments, with proximity to Military Road, a major thoroughfare carrying 65,000+ vehicles daily.²

Pienza Retail derives 88%* of its income and GLA from national and chain tenants, underpinned by a long-8.74-year* WALE and 100% fixed rental growth between 3-4%. Anchored by a flagship Dan Murphy's store, the precinct has been purposefully curated with a specialty mix of 4 wellness, hospitality and food operators, establishing a true lifestyle destination within Neutral Bay's Health & Wellness Precinct.

Investment Highlights:
• Secured by National Tenants: 88% of income and GLA secured by national/chain tenants
• Secure Income Stream: Long WALE of 8.69 years by income
• ASX-Listed Covenant: Anchored by a flagship Dan Murphy's (ASX: EDV)
• Excellent Depreciation Benefits: Recently completed in Q4 2025, with significant depreciation benefits
• Guaranteed Rental Growth: 100% fixed annual reviews (3 - 4%)
• Affluent Catchment: Household income 60% above Sydney average.

¹Mosman Collective
² LocationIQ Demographic Report July 2025
*approx.

The property will be sold via Expressions of Interest closing Thursday 12 November 2026 at 2pm (AEDT)