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582-586 High St 1,076 SF Retail Condo Unit Offered at $495,666 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.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 1\PS446852 |
| Cap Rate | 6.00% |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| 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.
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.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 582 | 1,076 SF | Retail | $495,666 CAD ($460.66 CAD/SF) | $29,739.96 CAD |
Unit 582
| Unit Size |
| 1,076 SF |
| Condo Use |
| Retail |
| Price |
| $495,666 CAD ($460.66 CAD/SF) |
| NOI |
| $29,739.96 CAD |
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Unit 582
| Unit Size | 1,076 SF |
| Condo Use | Retail |
| Price | $495,666 CAD ($460.66 CAD/SF) |
| NOI | $29,739.96 CAD |
| Sale Type | Investment |
| Cap Rate | 6.00% |
| 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.</li></ul> | |
| 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.<br> <br> 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.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| 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 of 2
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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582-586 High St
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