15 Apr 2016
A beautiful 1920s red brick building is on the market with Darcy Jarman and will go to auction on Saturday, April 18. The property, at 5 Little Ryrie St, Geelong, is built over 689sq m of land and is zoned Commercial 1. It is located at the western end of Little Ryrie St and is in proximity to the growing arts and cultural precinct, which includes the redeveloped Geelong Library.
Activity in the area has been strong over the last few months, with several sales coming on the back of the work being undertaken at Barwon Health and GPAC. Being offered for sale for the first time in nearly 40 years, Darcy Jarman director, Tim Darcy, said it was rare for buildings such as this to come onto the market. “There’s a whole array of different options that that property lends itself to,” Mr Darcy said. “It’s got three street frontages so it provides a lot more flexibility than one with two and it’s got a basement level garage so there’s some off street parking already.”
With new commercial developments popping up around town displaying very few similar features to this one, the property is unmistakably the product of a bygone era. Mr Darcy is hopeful that a
buyer with a taste for older buildings will see it as an opportunity that doesn’t present itself every day. “It contains a lot of its original character and charm with exposed loft timber beams and obviously the red brick,” he said. However the commercial agency’s director also pointed out that a redevelopment could be considered by prospective buyers. He said there was the potential
for a combination of uses, with residential among the options. “It’s ideal to be redeveloped for commercial or residential purposes or a mixture of both.” Mr Darcy can be contacted via mobile on 0418 522 523.