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2201-2209 Point Nepean Road, Rye, VIC 3941

2. Property Highlights

Incredible Flexibility - Redevelop, Invest or Occupy | Rare, Beachfront Generational Freehold
  • Trophy 1,203sqm* landholding
  • Premium commercial 1 zoning
  • Multi-level development offering

+ First time offered in over 30 years!

+ A rare opportunity to acquire a significant commercial land parcel in one of Melbourne's most tightly held coastal holiday destinations

+ Incredible flexibility - redevelop, invest or occupy**

+ Beachfront 1,203sqm* landholding with massive 26.4m* street frontage, allowing for 5 individual shop fronts and an ability to build up to 3 levels**

+ Immaculate, existing 470sqm* building, including a fully serviced kitchen, two separate bars, staff amenities, male and female toilets, office space, and a beer garden

+ Premium Commercial 1 zoning allows for a variety of uses including retail, office, childcare, service station/convenience, fast food and medical

+ Potential for residential, mixed use, hospitality and hotel/motel uses!**

+ Direct exposure to Point Nepean Road, the main thoroughfare through the Mornington Peninsula, servicing over 21,000 vehicles passing the site daily***

+ Important rear lane access, providing potential for patron and/or staff off-street car parking, with an additional abundance of free public parking available both on the street and at the Woolworths Car Park (40m away)

+ Tenant has given notice to vacate the premises at the expiration of their lease term dated 31st August 2024

+ Property to be sold along with Liquor License

+ Blue chip retail location in the heart of the Rye Town Centre, opposite the Rye East Camping Sites (87 Sites) and less than 700 metres* from Woolworths, BWS, Thirsty Camel, Bakers Delight, Amcal Pharmacy, BP, Rye RSL, Rye Hotel and Rye Yacht Club

+ Booming bayside destination, Rye has a median house price of $1,110,000 up 60% since April 2020 ****

+ Mornington Peninsula Shire: Tourism has seen a 55% increase from the previous year with total domestic tourists reaching 8.23 million people*****

To be sold via Investment Portfolio Auction 168

10:30am (AEST) Tuesday 14 May 2024

River Room, Crown Casino, Melbourne.

*Approximate

**Subject to Council Approval

***GapMaps

****Realestate.com.au

*****Mornington Peninsula Shire

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3. Property Location

2201-2209 Point Nepean Road, Rye, VIC 3941

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4. Due Diligence

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