461-463 High Street, Echuca, Vic 3564

Burgess Rawson is delighted to offer to the market 461-463 High Street, Echuca VIC 3564 for sale via Investment Portfolio Auction 170.

The property has the following investment highlights:

+ Renewed 5 & 3 year lease terms to the Department of Justice and longstanding proven NDIS operator.
+ Department of Justice: State Government funded organisation with over 50 locations across Victoria providing justice and community safety.1
+ Vivid NDIS: Est in 1960s, proven NDIS operation with over 310 participants and 157 staff members.2
+ Desirable annual CPI reviews and fixed 3% rent increases.
+ Landlord favourable net lease terms, with the tenants responsible for all usual outgoings as per lease documents.
+ Substantial 1,370 sqm* site with dual access via a ROW and including 16 on-site car spaces. 
+ Prime position with 25 metres* of exposure and frontage to High Street, servicing 17,300+ vehicles daily.
+ Impressive 870 sqm* integrated to the latest fit-out and corporate design of the Tenants.
+  The property within 2km from the Echuca-Moama Bridge Project, which has undergone a recent significant $324 million redevelopment completed in 2022. Allowing for safer and easier travel between Echuca and Moama.3
+ Echuca: trade catchment of circa 60,000 people plus a year round holiday influx.
+ Estimated Net Income: $270,000 pa + GST (October 2024)

To be sold by Investment Portfolio Auction 170
10:30am AEST Wednesday 7 August 2024
River Room, Crown Casino, Melbourne


*Approx    
1 Department of Justice    
2 Vivid Annual Report 22/23    
3 Victoria’s Big Build