491-497 High Street,
Echuca, VIC 3564
Shops & Retail • Offices • Other
Price information
Sold
$1,325,000
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.
Property ID: 504535216Last Updated: 17 Apr 2024
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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