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582-586 High St 1,076 SF Retail Condo Unit Offered at $487,433 CAD in Echuca, VIC 3564
Investment Highlights
- High foot traffic location with strong exposure in a popular tourist and retail hub.
Executive Summary
The property at 582-586 High Street, Echuca VIC, comprises a retail building of approximately 100 m² located in the Port of Echuca precinct. The property is situated in a high-foot-traffic area within a historic and popular retail destination.
Property Facts
| Total Building Size | 6,598 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,598 SF |
| Property Subtype | Storefront | Lot Size | 0.15 AC |
| Building Class | C |
| Total Building Size | 6,598 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 6,598 SF |
| Lot Size | 0.15 AC |
Amenities
- Signage
- Storage Space
1 Unit Available
Unit 582
| Unit Size | 1,076 SF | Sale Type | Investment |
| Price | $487,433 CAD | Cap Rate | 6.00% |
| Price Per SF | $453.00 CAD | NOI | $29,246.00 CAD |
| Condo Use | Retail | APN/Parcel ID | 1\PS446852 |
| Unit Size | 1,076 SF |
| Price | $487,433 CAD |
| Price Per SF | $453.00 CAD |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| NOI | $29,246.00 CAD |
| APN/Parcel ID | 1\PS446852 |
Description
582 High Street presents a rare opportunity to acquire a secure retail investment in the historic Port of Echuca precinct, one of the region’s most visited and vibrant destinations. Positioned on the east side of High Street, the property benefits from exceptional foot traffic and strong exposure, making it a highly desirable location for retail operators.
Sale Notes
The property is currently leased to a long-standing tenant of 20 years, providing a stable income stream of $30,290 per annum plus outgoings. The current lease runs until June 2026, with the tenant having exercised a further three-year option, extending the term to June 2029. This equates to an approximate 6% yield, offering investors a reliable return in a tightly held market.
With its prime location, established tenancy, and consistent income, this property represents an excellent first-time investment or a strategic addition to an existing portfolio.
Shop Interior with Current Tenant
Shop Interior with Current Tenant
Shop Interior with Current Tenant
Floorplan
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582-586 High St
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