265-281 Murray Street, Colac, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

265-281 Murray Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: 57
Land area: 6666m2
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Property Details for 265-281 Murray St, Colac

Building Type
Commercial
Land Size
6666m2
Local Government
Colac Otway
Lot/Plan
PC369561

Last Listing description (September 2024)

Prominently located on the Princes Highway (Murray Street) in central Colac this property offers a building area of more than 3,040 sq.m with the versatility of several zones that provides flexibility to accommodate a range of business opportunities. The large 6,643 sq.m site has two long street frontages, and ample onsite carparking. The iconic site offers a range of opportunities for businesses as is, or could be redeveloped to create further opportunities.
The main building is of steel portal frame and concrete panel construction, with colorbond roof and separated into two distinct areas of 1,820 sq. and 1,100 sq.m respectively. Both areas include additional second floor mezzanine storage and/or office space. Both areas include offices and amenities, and have full height roller door access.
This high-profile property is located next to McDonalds, and within sight of numerous other fast food sites, 7 Eleven, Repco and Autobarn. A unique and hard to locate large commercial 1 zoned site will attract the interest of numerous big brands and investors are offered an opportunity to acquire an asset with flexible future potential.

Property History for 265-281 Murray St, Colac, VIC 3250

A timeline of how this property has performed in the market
Listed for Rent
09 May 2022
  • 08 Jul 2024
    Listed for Sale $6,000,000 + GST
  • 17 Sep 2019
    Listed for Rent - Price not available
  • 18 Jun 2019
    Listed for Sale Please contact agent
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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 5,801 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.
There are currently 25 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 300 properties were sold in the past 12 months in Colac.

Suburb Insights for Colac 3250

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.