2-10 Radcliffe St, Echuca, VIC 3564
Industrial Land
Amazing Opportunity on Expansive Corner Site
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 is currently $41,942.33 PA plus GST (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 is currently $99,506.40 PA plus GST (CPI Increases annually) Outgoings 60% of Water and Shire Rates
Total return: $141,448.73 PA plus GST
Please Note: This property was not affected by the 2022 flood
| Property: | Industrial Land |
| Land Size: | 1708 sqm |
| Total Building Area: | 1708m² |
Open for Inspection Times:
Recent Sales in the Suburb of Echuca
Every precaution has been taken to establish accuracy of the information but does not constitute any representation by the vendor or real estate agent. You should make your own enquiries as to its accuracy.