358 Dundas Street, Rye VIC 3941

Property Details: • Type: Vacant Land

• Bedrooms: 0 • Bathrooms: 0

Description: Opportunity of this calibre rarely presents itself, offering unmatched flexibility, exposure and long-term upside. Commanding a high-profile corner, this 256sqm (approx.) Commercial 1 Zoned freehold represents a standout prospect for investors, SMSF purchasers, developers and professional owner-occupiers seeking both immediate utility and future growth. Boasting dual street frontage and a prominent position within a tightly held strip, the property accommodates a wide range of commercial or mixed-use outcomes. Whether secured as a set-and-forget investment, held as a strategic landholding, or transformed into a value-add development, its versatility is a defining feature. Concept plans illustrate the potential to deliver a high-performing mixed-use asset, combining retail, office or hospitality at ground level with premium residence or accommodation above (STCA), creating multiple income streams and long-term scalability. Positioned moments from Rye's foreshore and back beaches, and surrounded by renowned Peninsula attractions including Peninsula Hot Springs, Alba Thermal Springs and Spa, world-class golf courses and a vibrant dining scene, the location thrives on strong tourism and lifestyle demand, further enhanced by seamless connectivity to Melbourne via Peninsula Link.