332 Ryrie Street Geelong
    For Sale

    332 Ryrie Street Geelong

    Marcus Falconer

    Marcus Falconer

    Director / Licensed Estate Agent
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    Sally McKay

    Sally McKay

    General Manager
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    HIGH-FIVE IN HEART OF CITY

    Snap up a rare business or investment opportunity with this fully renovated block of five historic studios operating as popular short-stay apartments in the heart of Geelong.

    The one-time Alexander Miller Memorial Homes, built in 1913-14, are perfectly positioned just 250m from University Hospital and on the doorstep of CBD shops and offices, Deakin University and the waterfront.

    The landmark block of one-bedroom studios, designed by renowned architects Laird and Buchan, were among dozens of homes funded by Geelong retail pioneer and philanthropist Alexander Miller in the interwar era.

    The sale includes the freehold and well-established short-stay business with potential returns of $185,000 to $225,000 per annum.

    It also offers scope to develop a sixth unit, to subdivide in future (STCA) or as a superannuation fund investment.

    Each stylish studio features a lounge, bedroom, well appointed and upmarket bathroom, timber floors and garden.

    Character features include decorative fireplaces, high ceilings and verandahs with feature tessellated tiles.

    The studios are also within easy reach of St John of God Hospital, East Geelong shopping centre, the Geelong Flyer ferry, and Geelong and South Geelong train stations.

    On the radar

    Geelong - 3220

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