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2-10 Radcliffe St 18,385 SF 100% Leased Retail Building Echuca, VIC 3564 $2,156,395 CAD ($117.29 CAD/SF)
Investment Highlights
- Fully leased commercial complex with two established tenants.
- Located in Echuca’s Port Precinct, a premier tourist destination.
- Total land area of approximately 1,708 m² zoned Commercial 1.
Executive Summary
An outstanding investment opportunity awaits with this fully leased commercial complex positioned on a prominent corner site in the heart of Echuca’s Port Precinct. Offered at $2,200,000, this property comprises two well-established tenancies- Radcliffe’s Restaurant and TwistED Science- providing a secure and diversified income stream.
The property spans approximately 1,708 m² of land and is zoned Commercial 1, ensuring long-term flexibility for future use. Both tenants have strong lease agreements in place, with Radcliffe’s Restaurant operating under a 5-year lease (commenced April 2016) and options extending to 2036, while TwistED Science holds a 3-year lease (commenced July 2021) with options through 2033. Combined, these leases generate a total return of $156,329.17 per annum plus GST, with annual CPI increases and tenants contributing to outgoings.
Situated in one of Victoria’s most popular tourist destinations, this property benefits from exceptional foot traffic and visibility. Its location within the vibrant Echuca Port Precinct ensures consistent patronage and long-term tenant stability. This is a rare chance to acquire a high-performing asset in a tightly held market.
The property spans approximately 1,708 m² of land and is zoned Commercial 1, ensuring long-term flexibility for future use. Both tenants have strong lease agreements in place, with Radcliffe’s Restaurant operating under a 5-year lease (commenced April 2016) and options extending to 2036, while TwistED Science holds a 3-year lease (commenced July 2021) with options through 2033. Combined, these leases generate a total return of $156,329.17 per annum plus GST, with annual CPI increases and tenants contributing to outgoings.
Situated in one of Victoria’s most popular tourist destinations, this property benefits from exceptional foot traffic and visibility. Its location within the vibrant Echuca Port Precinct ensures consistent patronage and long-term tenant stability. This is a rare chance to acquire a high-performing asset in a tightly held market.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
18,385 SF
Building Class
C
Price
$2,156,395 CAD
Price Per SF
$117.29 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.42 AC
Amenities
- Restaurant
- Storage Space
- Recessed Lighting
- Air Conditioning
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2-10 Radcliffe St
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