265-281 Murray StreetColac VIC 3250
Property Details for 265-281 Murray St, Colac
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
- 08 Jul 2024Listed for Sale $6,000,000 + GST
- 17 Sep 2019Listed for Rent - Price not available
- 18 Jun 2019Listed for Sale Please contact agent
Recent sales nearby
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0About Colac 3250
The size of Colac is approximately 37.5 square kilometres. There are 20 parks, covering nearly 2.3% of the 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 60-69 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 5,852 properties. Over the last 5 years, Houses in Colac have seen a 29.97% increase in median value, while Units have seen a 13.51% increase. As at 30 June 2026:
- The median value for Houses in Colac is $508,198 while the median value for Units is $374,794.
- Houses have a median rent of $490 while Units have a median rent of $405.
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