28 Government Road, Rye VIC 3941

RYE'S MOST VERSATILE PROPERTY - Properties such as this seldom come up for sale. This particular property has been owned by the one family for more than 40 years. It has served its purpose admirably and it's now time for new owners to take the reins and possibly enjoy it for the next 40 years. With the beach and shops only 350m (approx) away you can walk to both in a few minutes and best of all there are no hills. The block itself is a beauty. It is approximately 915sm. with a nice wide frontage allowing for access either side of the house for boats, vans or other toys. There is also a separate bungalow, garage and a very well used cubby. The house itself is a classic. There's something about it that just makes you smile. The original vintage, block fronted house has certainly stood the test of time. It still presents very well and is up to the challenge for years to come. Consisting of 2 bedrooms, original lounge with an open fire place, retro kitchen and second open plan living/dining. There is another room currently used as a 3rd bedroom that was the original kitchen and could be a 3rd living room or continue as a 3rd bedroom.
This is one of very few areas in Rye that have sub divisional potential (STCA).
The potential uses for this property are many and include holiday home, permanent dwelling, investment (permanent or holiday rental) or subdivision/redevelopment (STCA).
The Peninsula has literally come alive since East Link and the Frankston By-pass opening. We are now less than an hours drive to the city and suburbs. People are recognizing this and moving down to live the amazing Peninsula lifestyle.
Our vendors have made the commitment to sell and have set a realistic reserve.
This is a delightful property that has been an important part of Rye for generations.
Inspect with total confidence then bid with enthusiasm. You may not get the chance for another 40 years.