196-200 Murray StreetColac VIC 3250
Property Details for 196-200 Murray St, Colac
Last Listing description (August 2016)
Fully Leased investment with established tenants including Toyworld, 'Offshore' Surf Shop and 'Oakmoss' Cafe/Florist.
Annual rent increases, tenants pay usual outgoings.
Highly prominent corner exposure to central Coles & Woolworths and amongst McDonalds, KFC, Bank of Melbourne etc.
Contiguous land holding of 950 sqm with future development potential (STCA).
Zoned Commercial 1: Premium retail zoning.
Underlet: Rent below market at an average of $55 psm pa.
Colac: A significant regional centre, midway between Geelong & Warrnambool with estimated trade catchment of 30,000.
Rent: $47,510 pa.
Auction 11am AEST Wednesday 15 April.
River Room, Crown Casino, Melbourne.
Property History for 196-200 Murray St, Colac, VIC 3250
- 18 May 2015Listed for Sale Not Disclosed
- 15 Apr 2015Sold for $509,191
- 18 Mar 2015Listed for Sale AUCTION -WEDNESDAY 15TH APRIL 11AM
Recent sales nearby
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0About Colac 3250
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:
- The median value for Houses in Colac is $505,560 while the median value for Units is $352,687.
- Houses have a median rent of $483 while Units have a median rent of $400.
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