5 Dennis Street, Colac, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

5 Dennis Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1017m2
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Property Details for 5 Dennis St, Colac

Building Type
Commercial
Land Size
1017m2
Local Government
Colac Otway
Lot/Plan
1/TP4536

Last Listing description (March 2017)

Myers Milk is a well-known and respected wholesale dairy distribution business operating from 5 Dennis Street in the heart of Colac. The business has many income producing avenues with existing contracts including Nathan Lion (Pura Dairy & Drinks) and Consolidated Media newspaper agency. Myers Milk believes they still have potential for further growth throughout the western region. Turnover now exceeds 1.5 million per annum and would suit a husband and wife team or business person to continue operating this established company. The business includes a team of 7 excellent staff members including drivers and administration staff. The current fleet of vehicles delivers products throughout our region from Warrnambool, Apollo Bay, Lorne, Lavers Hill, Beeac and surrounding districts. Products include milk, yoghurt, cheese, bread, newspapers and 15lt bottled water. After nearly a quarter of a century the current owners have decided to sell their wonderful business and freehold premises. Profit and Loss, Balance sheet and additional information are available to genuine buyers. The current owners have expressed their willingness to stay on in the business until the new purchasers have things in hand.

Property History for 5 Dennis St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$325,000
14 Feb 2017
  • 14 Feb 2017
    Sold for $325,000
  • 21 Oct 2016
    Listed for Sale $495,000 - $540,000
  • 23 Aug 2004
    Sold for $160,000
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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 5,797 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 23 properties listed for sale, and 4 properties listed for rent in Colac on OnTheHouse. According to Cotality's data, 289 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.