4/242 Ryrie Street, Geelong

Subscribe to regular market updates. Positioned on a main inner-city street with discreet access via a tucked-away laneway, this generously proportioned townhouse features a striking industrial-style façade combining red brickwork with metal detailing, perfectly suited to its inner-city setting. It presents a compelling opportunity for investors seeking reliable rental income, strong tenant demand and long-term capital growth in a tightly held location. The property is currently leased to excellent long-term tenants who are keen to remain, returning $1,030 per fortnight, or $515 per week. This provides immediate, dependable income and reflects the ongoing appeal of the location to city professionals, particularly given its close proximity to the hospital, CBD, public transport and lifestyle amenities. Spanning two spacious levels, the townhouse offers three well-proportioned bedrooms, two of which feature spacious walk-in robes, while the third bedroom enjoys direct access to the main bathroom, effectively functioning as an ensuite. The master is complemented by a full private ensuite, and the home is further serviced by two bathrooms overall, along with secure accommodation for two vehicles. Open-plan living and dining areas are complemented by a functional kitchen with quality appliances, flowing seamlessly to a private courtyard with handy remote awning, while a first-floor balcony adds further liveability for occupants. Beautifully maintained throughout, the home includes 3 x split system AC for heating and cooling, a security system and a larger-than-average remote double lock-up garage, ensuring strong tenant comfort and minimal ongoing maintenance for the owner. With its combination of high-demand inner-city positioning, distinctive industrial design, quality tenancy and low-maintenance appeal, this property represents a smart buy-and-hold investment, offering secure income today and flexibility for the future. DISCLAIMER: Please note that all information provided by Jellis Craig is in good faith and derived from sources believed to be accurate and current at the date of publication. Jellis Craig acts as a conduit for this information and advises prospective purchasers to conduct their own inquiries. Jellis Craig will not be liable for any loss resulting from actions or decisions made in reliance on the provided information. Matthew Flinders Girls Secondary College Little Ryrie Street Geelong Geelong South Primary School 200 Yarra Street South Geelong St John's Lutheran School Geelong 33 Aberdeen Street Geelong Ryrie Street East Geelong Sacred Heart College Retreat Road Newtown 13 Nicholas Street Newtown Chilwell Primary School 313a Pakington Street Newtown St Margaret's School 83 St Albans Road Geelong East Ashby Primary School 2 Lawton Avenue Geelong West Talbot Street Newtown Petrel Street Geelong West Newtown Primary School Aberdeen Street Newtown Tate Street Primary School Geelong Tate Street Geelong East 135 Aphrasia Street Newtown Belmont Primary School Mt Pleasant Road Belmont Christ the King School 79 Wilsons Road Newcomb Manifold Heights Primary School Strachan Avenue Manifold Heights Geelong East Primary School 184 Boundary Road Geelong East Holy Spirit Parish School 83 Minerva Road Manifold Heights Fyans Park Primary School 37 Cook Street Newtown St Augustine's Education & Training Centre 27 Oxford Street Whittington St Helen's /MacKillop Family Services 27 Oxford Street Whittington Newcomb Park Primary School Richard Street Newcomb Roslyn Primary School Roslyn Road Belmont Newcomb Secondary College 81 - 85 Bellarine Highway Newcomb Herne Hill Primary School 194-200 Church Street Geelong North 225 Church Street Geelong West Oberon Primary School 28 Dorothy Avenue Belmont Rotherham Street Belmont Barwon Valley School 76 - 94 Laura Avenue Belmont