491-497 High Street Echuca VIC 3564

Shop & Retail
530 m²
Sold, $1,325,000

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.

AUCTION

Auction date and time	06/04/2024 13:00
Auction location	The Mecure Conference Centre Inn

Property Highlights

Date Sold	8 Apr 2024
Sold Price	$1,325,000
Floor Area	530 m²
Land Area	947 m²
Parking	Ask Agent
Property ID	2019096382
Category	Shop & Retail Offices Other
Last updated	7 Apr 2024

Map for 491-497 High Street Echuca VIC 3564

Property Highlights

Date Sold	8 Apr 2024
Sold Price	$1,325,000
Floor Area	530 m²
Land Area	947 m²
Parking	Ask Agent
Property ID	2019096382
Category	Shop & Retail Offices Other
Last updated	7 Apr 2024