This flexible commercial or residential zoned site offers a rare coastal redevelopment opportunity in the heart of Rye, just one block from the beach, pier and foreshore. The substantial 730m² (approx.) allotment boasts a wide street frontage and level terrain, primed for mixed-use, commercial or residential development (STCA) in a thriving tourism and lifestyle hub. Its central position amid shops, cafes, RSL, supermarkets and services ensures strong year-round demand and exceptional exposure for future projects.
A solid three-bedroom brick home with car accommodation sits on site, offering holding income potential via leasing while plans progress. A functional layout with two living zones, updated kitchen and bathroom provide comfortable interim use.
Beach access, coastal walks and boating lie moments away, complemented by walkable amenities that amplify both commercial viability and residential appeal. In the tightly held Mornington Peninsula, this premier Rye address delivers unbeatable location, flexible zoning and significant redevelopment upside (STCA).
