6295 Princes HighwayColac East VIC 3250
Property Details for 6295 Princes Hwy, Colac East
Last Listing description (August 2023)
This site is about as iconic as it gets in this area. In the 1980's this was a buzzing site of a 'Golden Fleece' service station and roadhouse and now you have the opportunity to create an equally iconic new home for your business.
Located at the eastern gateway to Colac, this location will ensure maximum exposure for your enterprise. Close to 10,000 cars pass by this site each day*, providing publicity that could only be wished for.
Categorised as commercial / industrial land by the Colac Otway Shire, and zoned farming, this 2.02 ha parcel is over 2 titles. Water, gas and power are all connected and there is a septic service.
There is a three-bedroom dwelling on the property, currently leased until May 2023 at $200 per week.
Strategically positioned on the Princes Highway, with enormous redevelopment potential, subject to council approval, this is a once in a generation opportunity that is not to be passed over.
*Statistic comes from the Vic Roads Traffic data volume records
Inspections by appointment only, please call Jake Theodore 0417 507 692
Property History for 6295 Princes Hwy, Colac East, VIC 3250
- 20 Jun 2024Sold for $1,000,000
- 07 Dec 2021Listed for Sale $1,000,000
- 07 Jan 2015Listed for Rent $170 / week
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0About Colac East 3250
The size of Colac East is approximately 5.4 square kilometres. There are 4 parks, covering nearly 0.1% of the 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 $1000 - $1399 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 31.00% increase in median value, while Units have seen a 289.70% increase. As at 30 June 2026:
- The median value for Houses in Colac East is $613,869 while the median value for Units is $427,930.
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