Share this property
Burgess Rawson - Melbourne

The Bicycle Company, Shop 1, 2319-2327 Point Nepean Road Rye, VIC 3941


The Bicycle Company, Shop 1, 2319-2327 Point Nepean Road,
Rye, VIC 3941

Shops & Retail • Showrooms & Large Format Retail

Price information


Contact Agent

Key property information

Land area

Floor area

Property extent

Tenure type

Sold on

Burgess Rawson - Melbourne
Rick Jacobson
Jamie Perlinger

Burgess Rawson - Melbourne

Level 20, 150 Lonsdale Street
Burgess Rawson - Melbourne
The Bicycle Company, Shop 1, 2319-2327 Point Nepean Road
Rye, VIC 3941

Map of The Bicycle Company, Shop 1, 2319-2327 Point Nepean Road


Brand New 5 Year Lease to 2028 | High-Profile Main Street Frontage

  • Brand New 5-year Lease
  • Annual 4% Rent Reviews
  • Tenant Pays All Usual Outgoings
Burgess Rawson are pleased to offer to the market the Shop 1, 2319-2327 Point Nepean Road Rye VIC for sale via Investment Auction Portfolio 166.

The property has the following investment highlights:
+ Brand new five (5) year lease to 31 December 2028.
+ The Bicycle Company: Owned by GPI Apollo, a nationwide bicycle designer and distributor with over 40 years of experience.
+ Strong and certain income growth with fixed annual, compounding 4% increases.
+ Investor friendly net lease, with tenant paying all usual outgoings.
+ High-Profile 249 sqm* retail shop with main road frontage and impressive fit-out.
+ 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: $63,262 pa* + GST.

To be sold via Investment Portfolio Auction 166
10:30am (AEDT) Wednesday 21 February 2024
River Room, Crown Casino, Melbourne.

This property is being sold alongside one other investment within the same retail complex. Also Available:

Shop 2, 3 & 4 (Lot 2) – Clothing Shop, Rye Thai Massage & Gelato Shop
+ WALE (Weighted Average Lease Expiry): 3.63* Years.
+ Estimated Net Income: $61,341 pa* + GST.

** Gap Maps
**** Mornington Peninsula Shire

Property ID: 504499232Last Updated: 4 Apr 2024

Prentice Real Estate - Sorrento / Rye
2395 Point Nepean Road, Rye / 78 Ocean Beach Road
progress tick

Sending email...

Make an enquiry

What's your enquiry about?


Enter your details

Name (required)
Email address (required)
Phone number

Your personal information will be passed to the Agency and/or its authorised service provider to assist the Agency to contact you about your property enquiry. They are required not to use your information for any other purpose. Our Privacy Policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

More properties from Burgess Rawson - Melbourne

Other properties you might be interested in based on the location and property type you are looking at.