FOR SALE
$3,850,000 - New Price

555 High Street
Echuca VIC 3564

Bedrooms: 3
Bathrooms: 2
Car spaces: 2
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Prime Investment - Luxury Home, Distillery & Restaurant Freehold

This extraordinary investment opportunity offers a rare chance to secure a purpose-built, double-story building in the heart of the vibrant Echuca Port Precinct. Featuring two exceptional tenants, and one amazing home. This property is a golden opportunity for discerning investors seeking both quality and character in a prime location.
The secure investment promises immediate returns with two established, successful tenants in place. Situated on a busy thoroughfare with strong foot traffic in Echuca's vibrant Town Center, the property ensures high visibility and attracts both locals and tourists, enhancing its appeal. Long-term leases with reliable tenants provide a proven income stream, offering steady and reliable returns.
The well-maintained property requires minimal upkeep, making it an ideal hassle-free investment. With Echuca's thriving economy, the property also offers excellent capital appreciation prospects.
The first tenant is a well-established licensed eatery that not only serves the finest cuisine but also features an upstairs function room, ideal for events and gatherings.
Currently on a three-year lease until February 2027 and a further 3 year option available, this secure tenancy is returning $85,000 plus GST per annum plus outgoings with annual CPI increases applicable.
The second tenant is an award-winning distillery, renowned for producing premium spirits that attract both locals and tourists alike and are distributed Australia wide.
Currently on a three-year lease until February 2027 and a further 3 year option available, this wonderful tenancy is returning $70,000 plus GST per annum plus outgoings with annual increases scheduled via a fixed 2 % increase on years 2,3,5 & 6 and CPI increase on year 4.
Together, these tenants occupy a generous 608.6 m2 of commercial space, ensuring a steady income stream totaling $155,000 per annum, enhancing the property's investment appeal.
In addition to the commercial spaces, there is a potential holiday rental return of $70,000 to $80,000 per annum (price quoted by Echuca Holiday Homes) for the owner-occupied residential apartment on level 2 which could see the possibility of a total annual income for this building at $225,000 plus PA.
Currently, the architecturally designed residential apartment is owner occupied and is over two floors. The ground floor houses a double garage, providing secure parking. Upstairs, the spacious three-bedroom apartment is a masterpiece of modern design and functionality. The large open-plan living area is perfect for both relaxation and entertainment, featuring a kitchen with high-end porcelain surfaces, ample bench space, and top-quality appliances, including a dual oven and induction cooktop.
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Property Details for 555 High St, Echuca

555 High St, Echuca is a 3 bedroom, 2 bathroom House with 2 parking spaces. The place is currently for sale with CENTURY 21 Rich River Real Estate.

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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 9,204 properties. Over the last 5 years, Houses in Echuca have seen a 60.75% increase in median value, while Units have seen a 69.80% increase. As at 31 October 2024:

  • The median value for Houses in Echuca is $587,305 while the median value for Units is $419,594.
  • Houses have a median rent of $865 while Units have a median rent of $1,474.
There are currently 145 properties listed for sale, and 25 properties listed for rent in Echuca on OnTheHouse. According to CoreLogic's data, 302 properties were sold in the past 12 months in Echuca.

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Andrew Lochhead
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Erin Jenkins
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CENTURY 21 Rich River Real Estate
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