358 Dundas Street,
Rye, VIC 3941

Nestled in the heart of a coveted back beach locale, we are thrilled to present a rare opportunity. Welcome to an unparalleled mixed-use site, perfectly poised for both retail and residential endeavours.

Enviably situated on the corner, this property boasts optimal exposure and unparalleled flexibility in design. The allure of the back beach location adds an irresistible charm, promising not just a place to reside or do business but a lifestyle imbued with coastal splendour. This exceptional property comes with conceptual plans that envision up to 10 single room bed sitters, offering a lucrative residential prospect. Alternatively, the space can be seamlessly adapted to accommodate a mix of retail shops and apartments, catering to diverse investment visions. With its Commercial 1 zoning, the property opens doors to a myriad of business opportunities, ranging from boutique retail establishments to trendy eateries, capturing the pulse of the local community and tourists alike (STCA). This fusion of convenience and comfort presents an enticing proposition for urban dwellers seeking a vibrant coastal lifestyle. For those inclined towards the residential realm, envision crafting modern and inviting apartments above bustling retail spaces (STCA).

Benefiting from the Design and Development Overlay 4, this site offers an exciting canvas for innovative architectural ventures. Here, creativity knows no bounds as you mold your vision into reality, crafting a space that stands as a testament to sophistication and style.

Key features include:

* Prime corner location for maximum exposure
* Versatile zoning accommodating diverse business and residential ventures (STCA)
* Conceptual plans offering flexibility in design
* Back beach setting enhancing lifestyle appeal
* Blue Chip Retail/Residential mixed-use site (STCA)
* Land Area: 256sqm*
* Zoning: Commercial 1 & Design and Development Overlay 4
* The Vendor isn't registered for GST therefor there is no GST payable

Don't miss the chance to secure your stake in this unparalleled investment opportunity. weather you aspire to revitalize retail dynamics or curate contemporary living spaces, this property serves as the quintessential canvas for realising your real estate dreams.

To arrange an inspection, please contact the listing agents.

PLEASE NOTE:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.