Geelong Commercial Real Estate proudly presents a landmark dual freehold opportunity positioned at 275 Ryrie Street and 51-53 Bellerine Street, in the heart of Geelongs rapidly transforming Health, Education and Innovation Precinct.

Comprising 1,297 m2 of land across two titles with three street frontages, this commanding corner site adjoins Barwon Health, St John of God Hospital, and Deakin Universitys School of Medicine, placing it at the epicentre of one of Victorias most strategically significant Health and Wellbeing precincts.

275 Ryrie Street features an established Medical & Allied Health Centre, currently returning $172,530 per annum (approx.), providing immediate income and long-term flexibility. Adjoining 51-53 Bellerine Street presents as a partially cleared development site with approved plans and permits for a three-storey mixed-use building ideal for medical or professional use (STCA).

Zoned Activity Centre Zone Schedule 1 (ACZ1), the property sits within the Health and Knowledge Precinct identified in the Central Geelong Framework Plan (2023), supporting mid-rise development (612 storeys STCA) and future growth aligned with major government investment.

With over $1.5 billion in infrastructure projects underway including the $500 million Barwon Health Expansion and $293 million Geelong Convention & Exhibition Centre the opportunity combines income security, planning certainty, and premium positioning.

Key Highlights:
Prime dual-title corner site of 1,297 m2 with three street frontages
Secure holding income of $172,530 pa (approx.) with future development potential
Partially cleared site with approved mixed-use plans and permits
Located within ACZ1 Health & Knowledge Precinct (612 storey STCA)
Surrounded by Barwon Health, SJOG Hospital & Deakin University
Positioned amid $1.5 billion of major public infrastructure investment

Proximity to Key Points of Interest:
Barwon Health University Hospital Geelong – 50 m*
St John of God Hospital – 500 m*
Deakin University Waterfront Campus – 900 m*
Westfield Geelong – 600 m*
*Approximate distances