2145-2151 Point Nepean RoadRye VIC 3941
Property Details for 2145-2151 Point Nepean Rd, Rye
Last Listing description (March 2025)
Basso Real Estate is excited to offer to the market one of the finest Rye investment opportunities.
2145-2151 Point Nepean Road, Rye offers a securely leased beachside commercial property on a substantial allotment, situated in the heart of Rye and only metres from the famed Rye Beach and Pier.
The property has the following investment highlights:
* Long 5-year lease to 2027 plus two further options (3 years and 6 months plus a further 5 years)
* Net income: $50,196.44 p.a. + GST
* Tenant: Rye Produce Store and Nursery (longstanding tenant)
* Landmark premises of 153 sqm
* Generous corner site with a land area of 635 sqm (with rear access) with over 48 metres of road frontage
* Tenants paying usual outgoings
* Fixed 3.0% annual rent increases
* Single tenant, minimum management investment
* High-profile location, neighbouring Woolworths and anchored by Rye Beach Shopping Centre and more
With Rye being an hour from Melbourne and in immediate proximity to world-class wineries, golf courses, and fantastic beaches via the toll-free Peninsula Link, this property should be on top of your list. So, call now. You won't be disappointed.
Whilst all reasonable effort is made to ensure the information in this advertisement is current, Basso Real Estate does not warrant the accuracy or completeness of the data and information contained in this advertisement and, to the full extent not prohibited by law, excludes all for any loss or damage arising in connection with the data and information contained in this advertisement.
Property History for 2145-2151 Point Nepean Rd, Rye, VIC 3941
- 05 Mar 2025Sold for $1,550,000
- 21 Nov 2024Listed for Sale $2,000,000 - $2,200,000
- 18 Jul 1978Sold for $73,000
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About Rye 3941
The size of Rye is approximately 17.7 square kilometres. It has 16 parks covering nearly 14.3% of total area. The population of Rye in 2016 was 8416 people. By 2021 the population was 9438 showing a population growth of 12.1% in the area during that time. The predominant age group in Rye is 60-69 years. Households in Rye are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rye work in a trades occupation.In 2021, 75.40% of the homes in Rye were owner-occupied compared with 71.60% in 2016.
Rye has 10,058 properties. Over the last 5 years, Houses in Rye have seen a 8.39% increase in median value, while Units have seen a 14.03% increase. As at 28 February 2026:
- The median value for Houses in Rye is $1,019,442 while the median value for Units is $630,850.
- Houses have a median rent of $600 while Units have a median rent of $510.
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