Specialty grocer Naked Foods Organic Health Foods will open a new store north of the Sydney Harbour Bridge after leasing space in Mosman’s busiest retail strip.
Ray White Lower North Shore’s Scott Stephens managed the deal for Shop 1, 797 Military Road which reflects a rate of $1505 gross per square metre.
The space was occupied previously by long-standing local business The Cheese Shop, which operated there for more than 40 years.
Mr Stephens says it was the first time in 50 years the property had been offered for lease.
Naked Foods has signed a five-year lease to open the shop, which will be its sixth in Sydney. There is also a Naked Foods store in Canberra.
The business sells organic whole foods in bulk, a concept which is gaining popularity. Products are now also available to order online.
“Naked Foods is a fantastic new tenant to further enhance the vibrant mix of retailers in Mosman Junction,” Mr Stephens says.
The shop is expected to open in the coming weeks. The landlord is a private local investor.