Proven Large Format Investment With 20 Year Lease | Central CBD Commercial Freehold

Description

CBRE from CBRE together with Charles L King are delighted to present ‘Cheap as Chips’ at 146-150 Annesley Street, Echuca VIC for sale via National Investment Portfolio Auction 180.

The property has the following key investment highlights:

+ Twenty (20) Year lease to 2035 plus options to 2045.
+ Cheap as Chips: longstanding proven retailer est. 1985 with a network of 50+ stores, 100% Australian owned and operated.
+ High profile 2,506 sqm* freehold site with 62 metre* frontage to Annesley Street and next door to Dan Murphy’s.
+ Landlord favourable ‘net lease’ with tenant responsible for all usual outgoings including rates and insurance as per the lease.
+ Versatile 1,667 sqm* large format retail building that was refurbished/upgraded in 2015.
+ Position perfect in central CBD location surrounded by nationals including Coles, Woolworths, ALDI, McDonalds, Big W, K-Hub, Autobarn + many more.
+ Important 28 on-site car spaces plus additional street parking available.
+ Fixed, compounding 2.5% annual rent increases ensuring continued income growth.
+ Echuca: Murray River tourist mecca with a trade catchment of circa 60,000* people plus year-round holiday influx.
+ Potential 50% Stamp Duty Savings.
+ Net Income: $325,480 pa* + GST

For Sale by Investment Portfolio Auction 180
10:30am AEDT Wednesday 22 October 2025
Garden Room, Crown Casino, Melbourne

*Approx
(1) GapMaps

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Contact agents
David Napoleone Associate Director
0417 308 067
Beau Coulter Senior Director
0413 839 898
Scott Hawthorne Senior Manager
0400 861 048
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Echuca, VIC

146-150 Annesley Street

  • Sold Price: Contact Agent

This property was sold as part of Portfolio 180

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