491-497 High Street,
Echuca, VIC 3564
Shops & Retail • Offices • Other
Key property information
Land area
Floor area
Tenure type
Sold on
Map of 491-497 High Street
SOLD $1,325,000 Executors Auction - Central Echuca Commercial Freehold - 2 Premises
* Opposite McDonalds, one of Echuca's most prominent corner locations.
* Dual Fronted Premises with excellent exposure.
* Outstanding investment opportunity with upside.
* Two premises, one with a national tenant - Subway.
* National tenant has a new 7 year lease.
* Located in thriving commercial and tourist hub.
CURRENT RENT:
1. Subway
$60,770 plus GST.
7 year lease plus 2 further terms of 7 years.
Rental increase of 3% per annum.
2. Vacant building (was Vintage Bazar)
$36,000 potential rent per annum
This property will take place at 'The Mercure Port of Echuca' at 465 High Street, Echuca on Saturday 6th April at 1pm.
* Dual Fronted Premises with excellent exposure.
* Outstanding investment opportunity with upside.
* Two premises, one with a national tenant - Subway.
* National tenant has a new 7 year lease.
* Located in thriving commercial and tourist hub.
CURRENT RENT:
1. Subway
$60,770 plus GST.
7 year lease plus 2 further terms of 7 years.
Rental increase of 3% per annum.
2. Vacant building (was Vintage Bazar)
$36,000 potential rent per annum
This property will take place at 'The Mercure Port of Echuca' at 465 High Street, Echuca on Saturday 6th April at 1pm.
Echuca, 3564 demographic data
The median household income for Echuca is $1,335, 4% lower than Regional Victoria's household income of $1,386. Echuca has an older age profile compared to the rest of Regional Victoria (median age 45 vs 43). Property ownership data shows 43% of property owners in Echuca have a mortgage.
15,056
Population
$1,335 per week
Median household income
45 years
Median age
Owners
Most residents
Families
Most households
491-497 High Street
Echuca, VIC 3564
Charles L. King & Co. First National - Echuca172 Hare Street
ECHUCA, VIC 3564
ECHUCA, VIC 3564
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