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
