FOR SALE
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476-484 High Street
Echuca VIC 3564

Bedrooms: -
Bathrooms: -
Car spaces: 19
Floor area: 700m2
Land area: 1194m2
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Central Echuca Motel Freehold Opportunity

Located in the absolute centre of Echuca is the Riverboat Lodge Motor Inn and the current owners are offering the freehold for sale with a yield of 6.1% return. Being perfectly positioned, this makes it within easy walking distance to shops, restaurants and the historic port precinct. Offering 19 rooms (6 family, 3 twin, 2 spa and 8 standard) along with a 3 bedroom managers residence (brand new kitchen just installed) with private courtyard as well as solar-heated swimming pool and an onsite motel laundry. There are new leasehold owners with motel experience and there are multiple lease options thereafter totalling 25yrs. A very well presented property in a high profile tourist town that continues to grow year on year. Echuca/Moama offers a large number of events (Southern 80, Blues Festival, Riverboats Music Festival just to name a few) with the twin towns very popular with weddings and car club rallies. Opportunities like this are hard to find so for further information please contact the selling agent Stephen Morgan on 0419388802.

Property Details for 476-484 High St, Echuca

Building Type
Commercial
Floor Size
700m2
Land Size
1194m2

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About Echuca 3564

The size of Echuca is approximately 141.3 square kilometres. It has 39 parks covering nearly 3.4% of total area. The population of Echuca in 2011 was 13,707 people. By 2016 the population was 14,028 showing a population growth of 2.3% in the area during that time. The predominant age group in Echuca is 50-59 years. Households in Echuca are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Echuca work in a professional occupation. In 2011, 65% of the homes in Echuca were owner-occupied compared with 66% in 2016.

Echuca has 9,157 properties. Over the last 5 years, Houses in Echuca have seen a 59.69% increase in median value, while Units have seen a 67.18% increase. As at 31 July 2024:

  • The median value for Houses in Echuca is $599,924 while the median value for Units is $388,164.
  • Houses have a median rent of $583 while Units have a median rent of $450.
There are currently 139 properties listed for sale, and 25 properties listed for rent in Echuca on OnTheHouse. According to CoreLogic's data, 291 properties were sold in the past 12 months in Echuca.

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Stephen Morgan
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Ray White Echuca
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