268 Ogilvie AvenueEchuca VIC 3564
Property Details for 268 Ogilvie Ave, Echuca
Last Listing description (June 2023)
This impeccable Motel is situated in the prime and historically rich tourist towns of Echuca Moama, on the banks of the Murray River, made famous as Australia's paddle steamer capital and known for its close proximity to Melbourne.
LJ Hooker is pleased to offer for sale 268 Ogilvie Avenue, Echuca. This is a superb and rare opportunity to purchase a popular, steady performing motel on the doorstep of the Echuca CBD and on the doorstep of local long scale development that is about to commence in the area and with a significant land holding offering outstanding redevelopment potential.
Includes 22 rooms
Land area - 3,840sqm
Prime corner position
Significant redevelopment potential
Occupy and operate or redevelop
Well positioned and presented
Consistent performer
The property offers the following possibilities:
Purchase, own and operate the existing motel that has consistently shown high occupancy rates. Perfect for the owner operator, adding to the portfolio or redevelop the site capitalising on its large land holding, residential or mixed-use development.
Lease the motel to generate a significant income until the site is ready to be developed.
The Location:
The property is situated on a corner position close to picturesque rivers and parklands that benefits from an major due lane roadway into town 2kms* to the Echuca CBD and close proximity to Echuca West Precent.
Improvements:
Single level motel consisting of 22 modern rooms with a combination of Twin, Double and Family rooms. A beautiful landscaped BBQ area and large inground pool. There is also communal laundry facilities, reception area, a large 4 bedroom Managers Residence plus 23 undercover on site car bays.
Land Details:
Land area: 3,046sqm
Frontage to Ogilvie Ave 44m
The property is offered for private sale.
For further information to arrange an inspection, please contact the exclusive selling agent.
Property History for 268 Ogilvie Ave, Echuca, VIC 3564
- 28 Jul 2022Sold for $1,200,000
- 10 Mar 2022Listed for Sale To discuss, please call Agent
- 28 Aug 2020Sold for $800,000
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About Echuca 3564
The size of Echuca is approximately 141.3 square kilometres. It has 39 parks covering nearly 3.4% of total area. The population of Echuca in 2016 was 14043 people. By 2021 the population was 15056 showing a population growth of 7.2% in the area during that time. The predominant age group in Echuca is 60-69 years. Households in Echuca are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Echuca work in a professional occupation.In 2021, 67.80% of the homes in Echuca were owner-occupied compared with 66.00% in 2016.
Echuca has 9,756 properties. Over the last 5 years, Houses in Echuca have seen a 38.51% increase in median value, while Units have seen a 41.78% increase. As at 31 March 2026:
- The median value for Houses in Echuca is $618,575 while the median value for Units is $440,401.
- Houses have a median rent of $650 while Units have a median rent of $615.
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