This vacant 1125sqm commercial block presents an excellent opportunity in a well established commercial area, surrounded by quality sheds and active local businesses. The level, grassed allotment is fully fenced and lockable, offering security and peace of mind while providing a clean, usable blank canvas for a range of commercial uses, STCA. With sealed road frontage, easy vehicle access and a strong position within a neatly laid out commercial precinct, this is a rare chance to secure well located land of this size in a tightly held area, ideal for owner occupiers or investors looking to capitalise on future potential.*All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
The size of Colac East is approximately 5.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Colac East in 2016 was 217 people. By 2021 the population was 168 showing a population decline of 22.6% in the area during that time. The predominant age group in Colac East is 20-29 years. Households in Colac East are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Colac East work in a labourer occupation.In 2021, 62.10% of the homes in Colac East were owner-occupied compared with 53.20% in 2016.
Colac East has 257 properties. Over the last 5 years, Houses in Colac East have seen a 32.13% increase in median value, while Units have seen a 289.70% increase. As at 30 April 2026:
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