Listed By CENTURY 21 Rich River Real Estate
The Commercial Property for Sale located at 2-10 Radcliffe Street, Echuca, VIC 3564, Australia is currently for sale. 2-10 Radcliffe Street, Echuca, VIC 3564, Australia is listed for $2,200,000.
$2,200,000
Commercial for Sale, 2-10 Radcliffe Street, Echuca, VIC 3564, Australia
- MLS#548673
- Minimum sellable space
1,708 m²
Property features
Property
- Property size:
1,708 m²
Lot/Land
- Land/Lot size:
1,708 m²
Description
This exceptional, fully leased commercial complex consists of two premises and offers the astute purchaser, a prime position with a secure income.
Home to the popular Radcliffe's Restaurant and TwistED Science - Echuca, these well-established businesses are exemplary tenants.
Echuca is one of the most highly sought-after tourist destinations in Victoria and with this property located in the heart of the Echuca Port Precinct, it really does pose the perfect location for your next investment.
Total Land size - 1,708m2
Zoned - Commercial 1
Long-term tenants in place..
TwistED Science - Echuca has a 3 year lease in place which commenced on the 1st of July 2021 with further 3 year options available until the 30th of June 2033. Rental will be $44,153 PA plus GST as of 1/7/2025 (CPI Increases Annually) Outgoings 40% of Water and Shire Rates.
Radcliffe's Restaurant has a 5 year lease in place which commenced on the 1st of April 2016, with further 5 year options available until the 30th of June 2036.
Rental will be $112,176.17 PA plus GST as of 1/7/2025 (CPI Increases annually) Outgoings 60% of Water and Shire Rates
Total return: $156,329.17 PA plus GST
Please Note: This property was not affected by the 2022 flood
Location
2-10 Radcliffe Street, Echuca, VIC 3564, Australia