29 Ryrie Street, Geelong, VIC 3220
Address: 29 Ryrie Street, Geelong, VIC 3220
Land Size: 502m2 (approx.)
Zoning: Activity Centre Zone - Schedule 1
Sale Type: Private Sale
Redevelop, Invest or Occupy
$1,400,000 to $1,450,000
Centrally located in the CBD
Hold as an investment and land bank
Vendor is prepared to demolish building
Zoned Activity Centre, this property offers many exciting options on this 501m2 (approx.) allotment. Centrally located in the CBD it is a short walk to Geelong Station, Gordon TAFE, Geelong waterfront, and the medical precinct.
Option 1 – Redevelop a retail/ office/ and/ or residential building (STCA) whilst enjoying rental of $70,000 per annum plus GST plus outgoings.
Option 2 – Hold as an investment and land bank for the future. The owner occupier is prepared to enter into a lease on flexible terms that may suit the purchaser reflecting the rental shown above.
Option 3 – Vacant land. The vendor is prepared to demolish the building should that be attractive and provide a “blank canvas”.
Option 4 – Occupy the building and continue the current use as a hair salon (99m2) approx. and utilise the 6 treatment rooms as a beauty treatment clinic, or repurpose the existing building for other uses (STCA). The vendor would also sell the business on a WIWO basis to the freehold purchaser and would be prepared to be retained for a 12 month handover period.
This high profile location provides aa sound foundation for myriad of future uses