15 The Glen, Rye.
Exceptional Investment or Lifestyle Opportunity – 3 for the price of 1
Just a flat 700-metre stroll from the pristine shores of Port Phillip Bay and the scenic Foreshore Reserve, this rare offering combines lifestyle appeal with immediate income potential. Perfectly positioned close to Rye's vibrant township, cafes, shops, and local attractions, this is an opportunity not to be missed. Set on a generous, level allotment of approximately 1,011m², the property comprises three self-contained units – all on a single title – currently tenanted by long-term occupants. • Unit 1 (original house): 3 bedrooms, 2 living areas • Unit 2: 2 bedrooms • Unit 3: 1-bedroom apartment (converted garage) • Shared laundry and secure storage facility included Currently returning $38,000 per annum in rental income – with scope for a substantial increase – this property offers a solid yield, especially given that rental rates have not been reviewed in several years. With quality new homes being developed nearby, this property also presents the perfect opportunity for those looking to build their dream home. Enjoy consistent rental income while planning your future build – a savvy way to offset holding costs during the pre-construction phase. Whether you're a seasoned investor seeking strong rental returns and long-term capital growth, or a lifestyle buyer with a vision for the future, this versatile property delivers unmatched potential in a highly sought-after location.
Get to know the area.
When the sun is shining all roads lead to Rye. Oozing coastal charm, this seaside stunner keeps true to the breezy lifestyle that the Mornington Peninsula is prized for. A peaceful beach town at its core, Rye’s community focused residents are bound by a love for all things outdoors. It’s not surprising that it attracts families and holidaymakers who want to slow down and soak up the sunshine.
Your local office.
Led by seasoned real estate professional Grant McConnell, the team at Belle Property Dromana is made up of highly motivated and experienced real estate agents, sales consultants, and business and property managers.
Offering unmatched levels of commitment, professionalism, and marketing ingenuity, the team at Belle Property Dromana is highly regarded and well rewarded, having won several highly sought-after industry awards in recent years.
Locals to the area, the dedicated team at Belle Property Dromana works closely with property investors, home buyers, and holiday-goers across the bayside region to help achieve their property goals.
Servicing Rosebud, Capel Sound (Rosebud West), Cape Schanck, Boneo, McCrae, Dromana, Arthurs Seat, Martha Cove, and Safety Beach, Belle Property Dromana can be trusted to deliver comprehensive, strategic, and empathetic residential, investment, and lifestyle real estate advice and services.
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