Leading Essential Service Health Facility | Expansive 3,995*sqm Corner Site

212-218 Ogilvie Avenue , Echuca VIC

Property Highlights

Attractive 7.7 Year WALE
Substantial 3,995*sqm corner site
Annual CPI & 3% Fixed Increases
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Burgess Rawson is pleased to offer to the market 212-218 Ogilvie Avenue, Echuca VIC for sale via our Investment Portfolio Auction #165.

+ Renewed 10 Year leases to longstanding and proven Medical group & pharmacy.
+ Rich River Health Group: a highly reputable and accredited general practice which ensures quality health practices, est. 1999
+ PharmaSave: National pharmacy providing a range of trusted brands coupled with over 300 ‘own brands’ at competitive prices, est 2009.
+ Landlord favourable net lease terms, with the tenants responsible for all usual outgoings as per lease.
+ Expansive 3,995sqm* corner site, with an abundance of car spaces, metres away from the Echuca Hospital
+ Prime position with 123 metres of exposure and frontage to Ogilvie Avenue, servicing 23,000+ vehicles daily.
+ Desirable annual CPI reviews and fixed 3% rent increases.
+ Impressive 1,202*sqm integrated medical centre & pharmacy, plus two x 2 bedroom dwellings.
+ Strategic location only 250* meters away from the Echuca Regional Hospital, with recent $66mil+ redevelopment.
+ Surrounded by other high performing tenants such as KFC, IGA, Harvey Norman, Shell, Ambulance Victoria and BCF.
+ Extremely popular holiday destination that receives a large influx of traffic during school holiday periods.
+ Echuca: trade catchment of circa 50,000 people plus a popular holiday destination that receives a large influx of traffic during school holiday periods.
+ Potential stamp duty savings.
+ Estimated Net Income: $422,746 pa + GST.

To be sold by Investment Portfolio Auction: 
10:30am AEDT Wednesday 6 December 2023
Crown Casino, Melbourne VIC

** gap maps

Property Details

Current Tenant
Land Size
3,995 SQM
Building Area
1,426 SQM

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