Sold
Key Features Attractive 7.7 Year WALE Substantial 3,995 sqm corner site Annual CPI & 3% Fixed Increases Charles L King & Co with Burgess Rawson are pleased to offer to the market 212-218 Ogilvie Avenue, Echuca for sale by Auction - 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 - Chemsave Pharmacy : National pharmacy providing a range of trusted brands. - Landlord favourable net lease terms, with the tenants responsible for all usual outgoings as per lease. - Expansive 3,995sqm* corner site 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: $435,208 pa + GST. Information Memorandum and Contracts of sale available upon request. Auction - Crown Casino Melbourne Wednesday June 26th At 10:30 AM Inspection and further details contact Gary Wood 0408505733
212-218 Ogilvie Avenue
Echuca
Floor 1,202m² 
Contact Agent
Sold
A unique investment opportunity in the heart of Echuca's industrial sector. This expansive industrial complex occupies a substantial portion of the original Echuca Ordnance Factory. Key Features. -Land Area: 1.184 HA -Building Area: 5,170 M2 -Zoning: Industrial 1 Zone -Gross Income: $115,800 ( Approx ) Strategically located on the corner of Darling Street and Stawell Streets Echuca. Offers an array of opportunities and possibilities. This complex consists of two detached, freestanding industrial sheds, both of which exhibit a classic sawtooth and gable roof construction style. The main building, covering approximately 37m x 110 m 4070 sqm ( Approx ) has been internally divided to accommodate numerous tenants. The second building, approximately 10 m x 110m 1100 sqm ( Approx ) offers 10 informal but divided style storage sheds. With ( approx ) 31 tenants, many of whom have occupied their spaces for over 5 years, this complex generates a stable income stream. The casual, month-to-month tenancy allows flexibility for both tenants and the owner. Currently, the complex operates as a storage shed facility, with an on-site Caretaker on site. This industrial complex offers a blend of income potential, and future growth opportunities. Whether you're an experienced investor or an owner operator this property provides an opportunity for the future. NB - Currently Vacant - A Large Warehouse Vacant ( Owners Use ) -Unit / Storage ( Owners Use ) -Some Small Storage Units. Property Report and Contracts available upon request Auction On Site Friday 17th May 2024 at 1:00 PM . Terms: 10% Deposit Balance 60/90 days Brief History The Ball Bearing Company The Echuca Ordnance Factory SKF ( a Swedish Ball Bearing Factory ) (Later named United Bearing Corporation Pty. Ltd) In August 1942, the Australian government spent £100,000 building a ball-bearing factory in the Victorian town of Echuca. Disclaimer: All property measurements and information have been provided as accurately as possible by the Vendors and the Selling Agents. Wood O'Brien P/L T/As Charles L king & Co First National do not accept responsibility or liability for any misdescription or inaccuracies.
11-19 Darling Street
Echuca
Floor 5,170m² 
Sold for $1,750,000