212 Ogilvie AvenueEchuca VIC 3564
Property Details for 212 Ogilvie Ave, Echuca
Last Listing description (November 2023)
Burgess Rawson is pleased to offer to the market 212-218 Ogilvie Avenue, Echuca VIC for sale via our Investment Portfolio Auction #165.
+ Renewed 10 Year leases to longstanding and proven Medical group & pharmacy.
+ Rich River Health Group: a highly reputable and accredited general practice which ensures quality health practices, est. 1999
+ Landlord favourable net lease terms, with the tenants responsible for all usual outgoings as per lease.
+ Expansive 3,995sqm* corner site, with an abundance of car spaces, metres away from the Echuca Hospital
+ Prime position with 123 metres of exposure and frontage to Ogilvie Avenue, servicing 23,000+ vehicles daily.
+ Desirable annual CPI reviews and fixed 3% rent increases.
+ Impressive 1,202*sqm integrated medical centre & pharmacy, plus two x 2 bedroom dwellings.
+ Strategic location only 250* meters away from the Echuca Regional Hospital, with recent $66mil+ redevelopment.
+ Surrounded by other high performing tenants such as KFC, IGA, Harvey Norman, Shell, Ambulance Victoria and BCF.
+ Extremely popular holiday destination that receives a large influx of traffic during school holiday periods.
+ Echuca: trade catchment of circa 50,000 people plus a popular holiday destination that receives a large influx of traffic during school holiday periods.
+ Potential stamp duty savings.
+ Estimated Net Income: $422,746 pa + GST.
To be sold by Investment Portfolio Auction:
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne VIC
*approx
** gap maps
Property History for 212 Ogilvie Ave, Echuca, VIC 3564
- 07 Jun 2024Sold for $1,500,000
- 03 Nov 2023Listed for Sale Price on Request
- 03 Oct 1996Sold for $97,000
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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 9,206 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.
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