This cute 2 bedroom beach shack which is situated high with potential bay views is one of the most affordable investment properties in Rye. The property has an open plan living layout, large deck area and is currently tenanted till 27/3/2012 at $225.00 p/w. Continue to lease the property while you organise plans and permits which take in the views of Port Phillip Bay and build your dream beach house, leave it as a rental property or use it as a holiday house the choice is yours. Inspection is by appointment only.