Burgess Rawson is delighted to offer to the market 461-463 High Street, Echuca VIC 3564 for sale via Private Treaty. 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 Private Treaty. *Approx 1 Department of Justice 2 Vivid Annual Report 22/23 3 Victoria’s Big Build
Burgess Rawson - Melbourne
Level 20, 150 Lonsdale Street, Melbourne, Vic
Properti ID: 504637072