Retail 4 & 5 44 Ryrie Street, Geelong, Vic 3220

Property Details:
- Location: 46-48 & 107/44 Ryrie Street, Geelong CBD, VIC
- Size: Spacious 719 sqm* across 3 titles
- Lease Term: New 10-year lease until 2034, with an option to extend to 2039
- Tenant: Established fitness centre with 800 members, featuring a distinctive training model and top-tier facilities
 
Key Features:
- Lease Structure: Net lease; tenant responsible for all outgoings
- Fit-Out: Newly constructed with dual-level access
- Parking: Includes 3 dedicated car spaces
- Storage: 3 storage areas on title
- Location: Situated in the prestigious Ryrie Street area, part of the $200M Geelong Quarter development, which features residential apartments and a Holiday Inn & Suites
 
Prime Location:
- Proximity to Deakin University (over 4,000 students), Geelong Railway Station, Westfield Geelong, and Market Square Shopping Centre
- Located in a rapidly expanding area with a projected 37% population growth by 2041
 
Financial Highlights:
- Net Income: $326,353 pa* + GST
- New 10-year lease 
- Fixed annual increases of 3%
 
This is a secure investment opportunity in a thriving location, requiring minimal management. 
 
For more information, please contact Gartland.