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Overview
STRONG HIGH YIELDING INVESTMENT WITH 10 YEAR LEASE
This property at 46 Ryrie Street, Geelong, represents a strong, high-yielding commercial investment opportunity with a secure 10-year lease in place. Situated in the heart of Geelong's Central Business District, it benefits from proximity to the city's thriving medical, arts, and hospitality precincts, making it a prime location for business and investment.
The building offers a substantial floor area of 396 square meters, featuring a prominent 31-meter corner frontage that enhances visibility and accessibility. It is positioned on the ground floor of the prestigious 'Geelong Quarter' development, a $200 million mixed-use project that includes a 114-apartment tower and a 180-room Holiday Inn Hotel, contributing to a vibrant and dynamic environment.
The tenant is a well-regarded wellness and fitness operator with multiple locations across Victoria, ensuring a reliable and stable rental income. The lease agreement includes fixed annual increases, currently returning a net income of $210,058 per annum, providing investors with a predictable and growing revenue stream.
The location is surrounded by significant traffic generators, including the headquarters of the Transport Accident Commission (TAC), the National Disability Insurance Scheme (NDIS), and WorkSafe, as well as Deakin University and the Geelong Train Station. Additionally, the property is opposite the newly developed $140 million Arts Centre and is close to the Geelong Gallery, which is planned for a $150 million redevelopment, further enhancing the cultural and economic appeal of the area.
Greater Geelong is recognized as one of Australia's fastest-growing regions, with a population forecast to increase by approximately 28.7% between 2024 and 2034. This growth trajectory presents an excellent opportunity for investors to capitalize on the expanding market and increasing demand for commercial spaces in the region.
Overall, 46 Ryrie Street offers a modern, well-located commercial property with a long-term lease to a reputable tenant, situated within a significant mixed-use development and surrounded by key institutional and cultural landmarks. This makes it an attractive proposition for investors seeking stable income and potential capital growth in a flourishing regional centre.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Geelong VIC 3220
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 396 m² |
Market Insights for Geelong VIC 3220
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