Incredible Flexibility – Redevelop, Invest or Occupy | Rare, Beachfront Generational Freehold

+ 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.

Bidder registration required, register here.

*Approximate
**Subject to Council Approval
***GapMaps
****Realestate.com.au
*****Mornington Peninsula Shire