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Prentice Real Estate - Sorrento / Rye

Bayside Fish & Chips, 8/2319-2327 Point Nepean Road Rye, VIC 3941

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Bayside Fish & Chips, 8/2319-2327 Point Nepean Road,
Rye, VIC 3941

Shops & Retail • Showrooms & Large Format Retail • Hotel, Motel & Leisure

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Prentice Real Estate - Sorrento / Rye
Max Prentice

Prentice Real Estate - Sorrento / Rye

2395 Point Nepean Road, Rye / 78 Ocean Beach Road
SORRENTO, VIC 3943
Prentice Real Estate - Sorrento / Rye
Bayside Fish & Chips, 8/2319-2327 Point Nepean Road
Rye, VIC 3941

Map of Bayside Fish & Chips, 8/2319-2327 Point Nepean Road

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Corner Fast Food Investment with Brand New 5 Year Lease to 2028

  • Brand New 5-year Lease
  • Fixed 4% Annual Rent Increases
  • Tenant Pays All Usual Outgoings
+ Brand new five (5) year lease to 2028.
+ Bayside Fish & Chips: new and successful fish & chip shop.
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Investor friendly net lease, with tenant paying all usual outgoings.
+ Important high profile 76 sqm* corner retail shop with tenant funded stainless steel kitchen including fryers and cooktops.
+ 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: $37,305 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 6 & 7 – Xpress Gourmet Pizza
+ Brand new five (5) year lease to 2028.
+ Estimated Net Income: $57,327 pa* + GST.

*Approx
** Gap Maps
*** realestate.com.au
**** Mornington Peninsula Shire

Property ID: 504455956Last Updated: 7 Feb 2024

Prentice Real Estate - Sorrento / Rye
2395 Point Nepean Road, Rye / 78 Ocean Beach Road
SORRENTO, VIC 3943
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