+ 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.
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
*** ***
**** Mornington Peninsula Shire
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 2011 was 8,159 people. By 2016 the population was 8,423 showing a population growth of 3.2% 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 2011, 72.7% of the homes in Rye were owner-occupied compared with 71.6% in 2016.
Rye has 10,001 properties. Over the last 5 years, Houses in Rye have seen a 45.73% increase in median value, while Units have seen a 32.23% increase. As at 31 October 2024:
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