52-56 Murray StreetColac VIC 3250
Property Details for 52-56 Murray St, Colac
Last Listing description (December 2020)
+ Renewed 3 year lease plus options to 2029
+ Longstanding and successful business for 25 years
+ Substantial 645sqm* building with 14m double shop front
+ Prominent location surrounded by national tenants such as Bunnings, Coles, ANZ, NAB
+ Single tenant minimum management investment
+ Tenant pays usual outgoings
+ Colac: Strong commercial centre midway between Geelong and Warrnambool servicing a trade catchment in excess of 32,000
+ Colac Otway Shire: population forecast to grow by 25.2% in 2041**
+ Net Income: $48,000
For Sale by Investment Portfolio Auction
10:30am (AEDT) Wednesday 9 December
*Approx.
**Forecast ID
Property History for 52-56 Murray St, Colac, VIC 3250
- 09 Dec 2020Sold for $685,000
- 10 Nov 2020Listed for Sale Price on Request
- 24 Jun 2011Sold for $700,000
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.
Suburb Insights for Colac 3250
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