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6-7/2319-2327 Point Nepean Road
Rye VIC 3941
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Sold on 7 Dec 2023

6-7/2319-2327 Point Nepean Road Rye VIC 3941

  • Shop & Retail
  • 126 m²
  • Sold

Brand New 5 Year Lease to 2028 | Entry Level Fast-Food Investment

    + Brand new five (5) year lease to 2028.
    + Xpress Gourmet Pizza: Established in 2010, growing fast-food retailer with five (5) stores across Victoria and two (2) more coming soon.
    + Desirable annual CPI rental reviews.
    + Investor friendly net lease, with tenant paying all usual outgoings.
    + High-Profile 126 sqm* retail shop over two (2) titles with impressive fit-out in accordance with the tenant's corporate layout and design consisting of restaurant and takeaway component along with on-site liquor license.
    + Blue chip retail location in the heart of the Rye Town Centre, less than 650 metres* from Woolworths, Rye RSL, Rye Hotel, Subway, Australia Post and Rip Curl.
    + Prime beachfront position directly across from Rye foreshore campgrounds, Rye Pier, Front Beach and Rye Summer & Easter Carnival.
    + Direct Exposure to Point Nepean Road, a major commuter road, in the off peak period sees 21,400+ vehicles passing daily.**
    + Single tenant minimum management investment.
    + Within a 3 km radius, the total household spending on retail totaled $17.35 million in 2022.**
    + Booming bayside destination, Rye has a median house price of $1,100,000 up 47% since October 2020. ***
    + Mornington Peninsula Shire: Tourism has seen a 55% increase from the previous year with total domestic tourists reaching 8.23 million people.****
    + Entry level investment within tightly held Rye retail precinct.
    + Estimated Net Income: $57,327 pa* + GST.

    To be sold via Investment Portfolio Auction 165
    10:30am (AEDT) Wednesday 6 December 2023
    River Room, Crown Casino, Melbourne.

    This property is being sold along with two other investments within the same retail complex. Also Available:

    Shop 5 Rye Clip Joint
    + Brand new three (3) year lease to 2026 plus one (1) further two (2) year option to 2028.
    + Estimated Net Income: $34,415 pa* + GST.

    Shop 8 Bayside Fish & Chips
    + Brand new five (5) year lease to 2028.
    + Estimated Net Income: $37,305 pa* + GST.

    *Approx
    **Gap Maps
    *** ***
    **** Mornington Peninsula Shire

    AUCTION

    Auction date and time06/12/2023 10:30
    Auction locationCrown Casino - River Room - Melbourne
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold7 Dec 2023
    Floor Area126 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018876468
    Category
    Last updated  7 Dec 2023
    Map for 6-7/2319-2327 Point Nepean Road Rye VIC 3941
    Burgess Rawson VIC Pty Ltd
    Burgess Rawson VIC Pty Ltd
    Level 20, 150 Lonsdale Street
    Melbourne, VIC 3000

    Property Highlights

    Date Sold7 Dec 2023
    Floor Area126 m²
    Land Area1 m²
    ParkingAsk Agent
    Property ID2018876468
    Category
    Last updated  7 Dec 2023

    Co-Agents

    Jamie Perlinger
    Burgess Rawson VIC Pty Ltd
    Call
    0413 860 315
    Rick Jacobson
    Burgess Rawson VIC Pty Ltd
    Call
    0413 830 083

    More about 6-7/2319-2327 Point Nepean Road Rye VIC 3941

    6-7/2319-2327 Point Nepean Road Rye VIC 3941 is categorized as Shop & Retail Property. It has a floor area of 126 m² and a land area of 1 m². The listing ID for this property is 2018876468.

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