Xpress Gourmet Pizza, 6-7/2319-2327 Point Nepean Road,
Rye, VIC 3941
Shops & Retail • Showrooms & Large Format Retail • Hotel, Motel & Leisure
Key property information
Land area
Floor area
Property extent
Tenure type
Sold on
CBRE - VIC
Level 34, 8 Exhibition StreetMELBOURNE, VIC 3000
Xpress Gourmet Pizza, 6-7/2319-2327 Point Nepean Road
Rye, VIC 3941
Map
Brand New 5 Year Lease to 2028 | Entry Level Fast-Food Investment
- Brand New 5-year Lease
- Annual CPI Rent Reviews
- Tenant Pays All Usual Outgoings
+ 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
*** realestate.com.au
**** Mornington Peninsula Shire
+ 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
*** realestate.com.au
**** Mornington Peninsula Shire
Rye, 3941 demographic data
9,438
Population
$1,334 per week
Median household income
51 years
Median age
Owners
Most residents
Families
Most households
CBRE - VICLevel 34, 8 Exhibition 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
More properties from CBRE - VIC
Other properties you might be interested in based on the location and property type you are looking at.
Contact Agent
Rye Veterinary Clinic, 2261 Point Nepean Road (Nepean Highway),Rye, VIC 3941 123 m²Shops & Retail • Medical & Consulting • Offices
Contact Agent
Rye Clip Joint, 5/2319-2327 Point Nepean Road,Rye, VIC 3941 87 m²Shops & Retail • Medical & Consulting • Showrooms & Large Format Retail
Contact Agent
Bayside Fish & Chips, 8/2319-2327 Point Nepean Road,Rye, VIC 3941 76 m²Shops & Retail • Showrooms & Large Format Retail • Hotel, Motel & Leisure