Echuca offers choice of retail properties below $200,000: HTW
Retail properties in Echuca can be purchased from as low as $200,000, according to a recent report by valuation firm Herron Todd White.
Echuca has stayed at the rising market position for several months now, according to HTW's property clock.
The property investment firm says that this applies to older buildings with long-term tenants.
“Retail holdings in secondary locations can start as low as $200,000 for basic strip shops in either Echuca or Moama.
“Typically these are for older buildings with few subject to longer term tenancies (three years or less would be the norm).
“Yields ranging between 6% and 8% would be considered reasonable although owner-occupiers able to take advantage of self managed super funds may be active in the market at lower yields.
“Interestingly several development sites have transacted in the past 12 month period which may result in additional supply of rental space,” the report stated.
A commercial property at 8 Centreway Arcade, Bendigo (below) has been listed for $169,500. It has been on the market since April 2016, CoreLogic data shows.
A business at 126 Main Street, Romsey (top above) has been listed for $85,000. The business was being marketed by Ray White.
