SOLD $1,325,000
Executors Auction - Central Echuca Commercial Freehold - 2 Premises
* Opposite McDonalds, one of Echuca's most prominent corner locations. * Dual Fronted Premises with excellent exposure. * Outstanding investment opportunity with upside. * Two premises, one with a national tenant - Subway. * 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.