$2,000,000 - $2,200,000

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: $50,0196.44 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.