315 Princes Highway, Colac West, VIC 3250 | Property Value & History | OnTheHouse
OFF MARKET

315 Princes Highway
Colac West VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 187937m2
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Property Details for 315 Princes Hwy, Colac West

Building Type
Commercial
Land Size
187937m2
Local Government
Colac Otway
Lot/Plan
1/TP143605

Last Listing description (August 2023)

+ New 12-year lease to 7-Eleven to 2032 plus 4 x 5-year options to 2052.
+ Brand new 6-year lease to Autopro to 2029 plus 1 x 5-year option to 2034.
+ 7-Eleven: Australia?s #1 convenience retailer with over 700 stores and accounting for approximately 38% market share.**

+ In the last two years, 7-Eleven has opened 13 stores in Victoria, with the company planning to open over 10 new sites across Regional Victoria the next 24 months.***
+ 7-Eleven: responsible for all usual outgoings excluding single holding land tax.
+ Autopro: subsidiary of Bapcor Limited (ASX: BAP), a $2.17 billion ASX-listed company with a retail network of over 1,000 stores including stablemates Autobarn, Midas, Burson and ABS Brakes.****
+ Autopro: responsible for all usual outgoings including single holding land tax, insurance and management fees.
+ Annual CPI reviews.
+ As new service station and brand new large format retail building, offering substantial depreciation benefits - $201,000 in potential year 1 tax deductions (49%).*****
+ Significant 4,870 sqm corner site with 136 metres* of frontage and exposure to the Princes Highway, with over 14,000 vehicles passing daily.******
+ High profile CBD location directly opposite Repco and within 1.2 km* of Bunnings, Coles, Woolworths, ALDI, Kmart, Cheap as Chips, Reece Plumbing, PETstock, Bulla Dairy Foods, McDonald's and KFC.
+ Surrounded by important social infrastructure including the Colac Area Health, Otway Shire Council Buildings and 9 schools within 2.5km servicing over 2,600 full time students.******
+ Colac: important commercial centre midway between Geelong and Warrnambool with a trade catchment of over 32,000 extending to the Great Ocean Road.
+ Colac is a booming regional growth suburb, with median house prices up 57% since January 2020.*******
+ The Colac Otway Shire is an important manufacturing region, generating over $3.5 billion in annual economic output.********
+ Potential 50% stamp duty savings.
+ Estimated Net Income: $410,675 pa* + GST
*Approximately
**7-Eleven
***CI
****Bapcor
*****JM Advisory
****** GapMaps
**********
********Remplan

Property History for 315 Princes Hwy, Colac West, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$25,000
07 Mar 1994
  • 01 Aug 2023
    Listed for Sale Price on Request
  • 28 Feb 2023
    Listed for Sale Price on Request
  • 07 Mar 1994
    Sold for $25,000
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About Colac West 3250

The size of Colac West is approximately 6.9 square kilometres. The population of Colac West in 2016 was 81 people. By 2021 the population was 89 showing a population growth of 9.9% in the area during that time. The predominant age group in Colac West is 0-9 years. Households in Colac West are primarily childless couples and are likely to be repaying under $300 per month on mortgage repayments. In general, people in Colac West work in a labourer occupation.In 2021, 40.70% of the homes in Colac West were owner-occupied compared with 79.30% in 2016.

Colac West has 133 properties. Over the last 5 years, Houses in Colac West have seen a 16.23% increase in median value. As at 30 April 2026:

  • The median value for Houses in Colac West is $614,790.
There are currently 1 property listed for sale, and no properties listed for rent in Colac west on OnTheHouse. According to Cotality's data, 2 properties were sold in the past 12 months in Colac west.

Suburb Insights for Colac West 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.