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

212-218 Ogilvie Avenue, Echuca VIC

Property Highlights

Attractive 7+ Year WALE
Substantial 3,995*sqm corner site
Annual CPI & 3% Fixed Increases
Register to Bid

Description

Burgess Rawson and Charles L. King & Co. First National are pleased to offer to the market 212-218 Ogilvie Avenue, Echuca VIC for sale via our Investment Portfolio Auction 169.

The property has the following investment features:

+ 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
+ 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* metres 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: $436,208 pa + GST (Oct 2024)

To be sold by Investment Portfolio Auction 
10:30am AEST Wednesday 26 June 2024
Crown Casino, Melbourne VIC

Please contact the exclusively appointed team for more information.

*approx
** gap maps

Property Details

Listing
Sale
Current Tenant
Tenanted
Occupancy Type
Medical
Land Size
3,995 SQM
Building Area
1,426 SQM

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