229-239 Murray Street, Colac, VIC 3250 sold on 17 September 2025 | OnTheHouse
 
SOLD
Sold on 17 Sep 2025 for $4,250,000

229-239 Murray Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: 30
Land area: 1874m2
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Property Details for 229-239 Murray St, Colac

Building Type
Commercial
Land Size
1874m2
Local Government
Colac Otway
Lot/Plan
CP171372

Last Listing description (October 2024)

Situated prominently on Colac main thoroughfare this large site (1871m2) features the only vacant commercial land in central Colac. With over 30 metres frontage to Murray Street, this property includes a sound brick showroom, with adjacent office space and warehouse at the rear.
- Air-conditioned showroom of 270sqm (approx.)
- Carpeted offices of 73sqm (approx.)

- Warehouse space of 180sqm (approx.)
- Vacant land of more than 1300sqm
- Versatile Commercial 1 zoning
Situated close to fast food franchises, car dealers and other successful local businesses this site offers the opportunity for business expansion and or new development fronting the main street, with rear access to the site from Skene Street. Vacant possession is available.

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Property History for 229-239 Murray St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$4,250,000
17 Sep 2025
  • 17 Sep 2025
    Sold for $4,250,000
  • 23 Jun 2024
    Sold for $1,265,000
  • 16 Feb 2023
    Listed for Sale $1,300,000 + GST
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About 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 5,758 properties. Over the last 5 years, Houses in Colac have seen a 33.26% increase in median value, while Units have seen a 15.82% increase. As at 31 December 2025:

  • The median value for Houses in Colac is $479,931 while the median value for Units is $344,256.
  • Houses have a median rent of $475 while Units have a median rent of $390.
There are currently 6 properties listed for sale, and 1 property listed for rent in Colac on OnTheHouse. According to Cotality's data, 261 properties were sold in the past 12 months in Colac.

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