Rye Clip Joint, 5/2319-2327 Point Nepean Road,
Rye, VIC 3941
Shops & Retail • Medical & Consulting • Showrooms & Large Format Retail
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Burgess Rawson - Melbourne
Level 20, 150 Lonsdale StreetMELBOURNE, VIC 3000
Rye Clip Joint, 5/2319-2327 Point Nepean Road
Rye, VIC 3941
Map of Rye Clip Joint, 5/2319-2327 Point Nepean Road
Brand New 3 Year Lease to 2026 | Affordable Investment Opportunity
- Brand New 3-year Lease Plus Option
- Fixed 4% Annual Rent Increases
- Tenant Pays All Usual Outgoings
+ Brand new three (3) year lease to 2026 plus one (1) further two (2) year option to 2028.
+ Rye Clip Joint: Well-established hairdresser business.
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Investor friendly net lease, with tenant paying all usual outgoings.
+ Well-presented 87 sqm* retail premises.
+ 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: $34,415 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 6 & 7 – Xpress Gourmet Pizza
+ Brand new five (5) year lease to 2028.
+ Estimated Net Income: $57,327 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
*** realestate.com.au
**** Mornington Peninsula Shire
+ Rye Clip Joint: Well-established hairdresser business.
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Investor friendly net lease, with tenant paying all usual outgoings.
+ Well-presented 87 sqm* retail premises.
+ 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: $34,415 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 6 & 7 – Xpress Gourmet Pizza
+ Brand new five (5) year lease to 2028.
+ Estimated Net Income: $57,327 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
*** realestate.com.au
**** Mornington Peninsula Shire
Property ID: 504456028Last Updated: 4 Apr 2024
Burgess Rawson - MelbourneLevel 20, 150 Lonsdale Street
MELBOURNE, VIC 3000
MELBOURNE, VIC 3000
Prentice Real Estate - Sorrento / Rye2395 Point Nepean Road, Rye / 78 Ocean Beach Road
SORRENTO, VIC 3943
SORRENTO, VIC 3943
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