THE MOST LUCRATIVE VIC INVESTMENT IS ON THE BORDER.

Overview

Description

POINT OF INTEREST:

The Murray isn’t the only thing running through Echuca. There’s approximately $445,000 in annual rent flowing through McKenzie Road. Offered separately or together, these two substantial investments offer 7,350 sqm* of high-clearance warehousing across a combined 23,590 sqm* — well over five acres of land — with three established tenants already putting that scale to work. Number 12 has 3,150 sqm* across 10,454 sqm* of land, returning $245,949.14 p.a. from Kagome Foods and Harvey Norman, while number 14 adds a further 4,200 sqm* on 13,136 sqm* of land, leased to Multipac at $200,000 p.a. The respective lease structures provide longer-term income with annual rental reviews, while the substantial land component leaves plenty of physical breathing room around the improvements. On the ground, very high clearance, multiple roller doors, ample parking and two-street frontages make B-double access considerably less of a manoeuvre. And outside the gates, McKenzie Road puts these major industrial facilities on a main-road position only a few hundred metres from Echuca Airport and close to the city centre — giving investors serious scale, established income, and a reason to follow the current all the way to the (river) bank.

- Two significant warehouses with high clearance, multiple roller doors, and excellent B-double access.
- Offered as one or individually.
- Industrial 1 zoning.
- Dual street frontage to Echuca’s industrial spine.

Site 12:
- 3,150 sqm* total building area.
- 10,454 sqm* total land area.
- First tenant is Kagome Foods Australia Pty Ltd.
- $162,240 per annum in rental income plus GST & 57.82% of the total outgoings.
- 3 year lease commenced 01/01/2026 + 3 year term.
- Rent reviews fixed annually at 4% and market reviews between the lease terms.
- Second tenant is Harvey Norman Ltd.
- $83,709.14 per annum in rental income inclusive of outgoings plus GST.
- 5 year lease commenced 02/11/2024 + 5 + 5 year term.
- CPI annually capped at 3% and market review between the lease terms capped at 10%.

Site 14:
- 4,200 sqm* total building area.
- 13,136 sqm* total land area.
- Leased to Multipac Australia Pty Ltd for $200,000 per annum.
- 5-year lease commenced 01/03/2024 + 3 + 3-year further options.
- Rent reviews fixed at 4% annually with market reviews between the lease terms.
- Minutes from the airport and 2 km* from the city centre.

POINT OF VIEW:

The warehouses are substantial, the three tenants are established, and the income sits at approximately $445,000 per annum. Even with well over five acres to work with, there’s very little wasted space in the investment story.

Conjunctional Agent: LJ Hooker Echuca Moama, Allison Minter at 0419 593 801 or email [email protected]

*Approx.
Pricing excludes GST