2289-2291 Point Nepean Rd,
Rye, VIC 3941

On the market for the first time in 30 years, this is truly a once in a lifetime opportunity to acquire this very rare double shop frontage site in the seaside township of Rye on the Mornington Peninsula.


• Land size approx 392sqm
• Dimensions Approx 12.2m x 32.1m
• Huge development potential (STCA)
• 2289 shop lease returning $15,889 with 2x3 year options
• 2291 shop and upstairs unit lease ends 30th April 2018
• Potential return of $59,000 for 2291 and unit with new lease


The proposed ‘Rye Township Plan’ will have a major impact on the region with plans for significant changes to the Foreshore, Streetscape and Town Centre including variations to zoning and design and development overlays that control building heights and setbacks.

For more information on the Rye Township plan, please visit the Mornington Peninsula Shire website:
mornpen.vic.gov.au/ryetownshipplan