476-484 High StreetEchuca VIC 3564
Property Details for 476-484 High St, Echuca
Last Listing description (August 2024)
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 History for 476-484 High St, Echuca, VIC 3564
- 09 Aug 2024Sold
- 09 Jul 2024Listed for Sale Offers Considered
- 22 Mar 2022Listed for Sale Offers Considered
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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.
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