For Sale
19-25 & 27-29 McCrae Street,
Swan Hill 3585, Victoria
$2,200,000
Property Price StatementProperty details
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Agents
Premier CBD Freehold Investment Anchored by Silly Solly's - Swan Hill
This multi-tenancy freehold is secured by a diverse mix of tenants, prominently featuring the fast-expanding national retailer, Silly Solly's. Additional income streams are provided by a Hospital Op-Shop, a specialized hairdressing wholesaler and residential units. Spanning a massive 2,332m2* corner landholding on a main road, this asset provides both immediate, stable returns and substantial potential for future enhancement or redevelopment (Subject to Council Approval).
Investment Highlights:
• Diverse and Stable Income: Income is generated across multiple sectors, including a strong anchor lease with Silly Solly's, a Hospital Op-Shop, a hairdressing supply business, and residential apartments.
• National Anchor Tenant: Silly Solly's is recognized as a high-growth national retail chain, boasting 23 locations across the eastern seaboard.
• Attractive Income Profile: The property generates a total rental income of $176,735.43* per annum.
• Commercial Leases: Commercial tenancies contribute $143,455.43pa (plus GST). These tenants are responsible for all property outgoings, excluding Building Insurance and Land Tax.
• Residential Leases: The residential units contribute $33,280pa in rental income.
• Inflation-Hedging Leases: Leases incorporate strong rental security through annual increases tied to CPI and Fixed 3% reviews.
• Significant Land Parcel: A prime 2,332m2* main road corner site offering excellent long-term development flexibility (STCA).
• Exceptional Main Road Presence: Boasts a prominent corner location with approximately 78m* of combined street exposure to McCrae Street and Beveridge Street.
• Core CBD Positioning: Situated in an unbeatable CBD location, surrounded by major retailers including Bunnings, Woolworths, ALDI, and Kmart, all within a 700m* radius.
• Strong Regional Economy: Swan Hill is a prosperous agricultural hub on the Murray River, supporting over 21,400 residents, 10,495 local jobs, and generating an annual economic output of $3.2 billion^.
This offering represents a unique opportunity to secure a dominant, income-producing CBD asset with outstanding potential for capital appreciation.
Property being sold in Conjunction with RWC Ballarat - Sam Borner 0439 655 509
All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
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Inspections
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School catchments
- Swan Hill College-FLO Campus Secondary Government 0.18km
- St Mary MacKillop College - The Technology Centre Secondary Catholic 0.18km
- St Mary MacKillop College Secondary 7-12 Catholic 0.28km
- Swan Hill College Secondary 7-12 Government 0.87km
- OneSchool Global Vic - Swan Hill Centre Combined Independent 1.3km
- Swan Hill North Primary School Primary Prep-6 Government 1.6km
- Swan Hill Primary School Primary Prep-6 Government 1.6km
- St Mary's School Primary Prep-6 Catholic 1.9km
- Swan Hill Christian School Primary Prep-6 Independent 4.3km
- Woorinen District Primary School Primary Prep-6 Government 11.1km
- Beverford District Primary School Primary Prep-6 Government 14.1km
- Lake Boga Primary School Primary Prep-6 Government 15.2km
- Nyah District Primary School Primary Prep-6 Government 26.1km
- Ultima Primary School Primary Government 30.6km
- Lake Charm Primary School Primary Government 36.7km
- Tooleybuc Central School Combined K-12 Government 40.3km
- Murrabit Group School Primary Prep-6 Government 41.2km
- Moulamein Public School Primary K-6 Government 51.3km
- Kerang Technical High School Secondary 7-12 Government 53.5km
- St Joseph's School Primary Prep-6 Catholic 53.7km
- Kerang Christian College Combined Prep-12 Independent 53.9km
- Barham High School Secondary 7-12 Government 60.6km
- Tyrrell College Combined Prep-12 Government 66.7km
- Manangatang P-12 College Combined Prep-12 Government 69.0km
- Balranald Central School Combined K-12 Government 78.3km
- Cohuna Secondary College Secondary 7-12 Government 80.0km
- Boort District P-12 School Combined Prep-12 Government 86.9km
- Wycheproof P-12 College Combined Prep-12 Government 87.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.
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Contact Cameron Smits
Contact Cameron Smits
Cameron Smits
19-25 & 27-29 McCrae Street, Swan Hill VIC 3585
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Cameron Smits
19-25 & 27-29 McCrae Street, Swan Hill VIC 3585