This 790 sq.metre (approx.) property is zoned commercial 1 and ideal for anyone looking to create their own business opportunity. Potential to build (STCA) and work from home or develop the land. Set on a corner block with 4 titles and the added bonus of a rear lane. 12 X 6 metre colorbond shed with concrete floor, power, wood heater and toilet. Located close to schools within an established residential area of Colac. Please dont hesitate to contact our office for further details.
The size of Colac is approximately 37.5 square kilometres. It has 20 parks covering nearly 2.3% of total area. The population of Colac in 2016 was 9048 people. By 2021 the population was 9243 showing a population growth of 2.2% in the area during that time. The predominant age group in Colac is 20-29 years. Households in Colac are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Colac work in a labourer occupation.In 2021, 65.80% of the homes in Colac were owner-occupied compared with 66.60% in 2016.
Colac has 5,801 properties. Over the last 5 years, Houses in Colac have seen a 32.43% increase in median value, while Units have seen a 11.62% increase. As at 31 March 2026:
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