491-493 High StreetEchuca VIC 3564
Property Details for 491-493 High St, Echuca
Last Listing description (June 2024)
* Opposite McDonalds, one of Echuca's most prominent corner locations.
* Dual Fronted Premises with excellent exposure.
* Outstanding investment opportunity with upside.
* National tenant has a new 7 year lease.
* Located in thriving commercial and tourist hub.
CURRENT RENT:
1. Subway
$60,770 plus GST.
7 year lease plus 2 further terms of 7 years.
Rental increase of 3% per annum.
2. Vacant building (was Vintage Bazar)
$36,000 potential rent per annum
This property will take place at 'The Mercure Port of Echuca' at 465 High Street, Echuca on Saturday 6th April at 1pm.
Property History for 491-493 High St, Echuca, VIC 3564
- 06 Apr 2024Sold for $1,392,575
- 05 Mar 2024Listed for Sale Sold $1,325,000
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0About 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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