FOR SALE
Expressions of Interest - Closing Fri 4th Oct

1, 2, 4/30 Pollack Street
Colac VIC 3250

Bedrooms: 5
Bathrooms: 3
Car spaces: 3
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Ultimate Investment

Calling out to all the Investors looking for a proven investment that is ready to go. Well stop searching because the perfect property has just presented itself in the form of not one, two but three period units in a blue chip Colac location.
Unit 1: A character filled period gem that is captivating from the minute you step inside. Featuring magnificent stained glass windows and original cornices that are so rare in today's homes. Comprising of 2 bedrooms, one with BIR's. Drenched in abundant, pure sunlight thanks to it's north-facing orientation. The kitchen offers great storage, gas cooking and has room for a dining area. A large communal living area is perfect for relaxing with friends and family. A single bay garage is also handy for further storage or somewhere to park your vehicle.
Unit 2: Located to the rear of Unit 1 this unit also comprises of two bedrooms and functional kitchen. The bathroom and laundry room offer space for a shower, toilet and laundry facilities. A great open plan space for the living and dining rooms make meals and relaxing easy. Also presenting it's own garage and additional storage room.
Unit 4: The last of the three units on offer and located to the rear of block. A very low maintenance and private unit comprising of one spacious bedroom. An open plan layout with the kitchen overlooking the dining and living areas makes great use of the space. Also attached is a large undercover carport.
Two of the three units are currently rented by outstanding long term renters that treat it like their own home. The third unit is only recently vacant, so the opportunity to re rent is easy or perhaps the new owner would like to move in whilst having a secondary income off the other two tenanted units. The choice is yours.
Located in one of Colac's most sought after streets and having dual access off both Pollack and Manifold Street, opportunities like this simply don't pop up often so don't hesitate and clinch ahold of a rare opportunity.
Contact the listing Agent's for further information in regards to the rental income and more!
Expressions of Interest closing Friday, 4th October at 3:00 PM.
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Property Details for 1, 2, 4/30 Pollack St, Colac, VIC 3250

1 2 4/30 Pollack St Colac VIC 3250 is a 5 bedroom, 3 bathroom House with 3 parking spaces. The place is currently for sale with Ray White Colac.

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House

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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 2011 was 8,696 people. By 2016 the population was 9,066 showing a population growth of 4.3% 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 2011, 67.4% of the homes in Colac were owner-occupied compared with 66.6% in 2016.

Colac has 5,500 properties. Over the last 5 years, Houses in Colac have seen a 45.19% increase in median value, while Units have seen a 25.38% increase. As at 31 August 2024:

  • The median value for Houses in Colac is $440,188 while the median value for Units is $350,584.
  • Houses have a median rent of $430 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and 6 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 196 properties were sold in the past 12 months in Colac.

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Toby Kent
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Rhyley Edge
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Ray White Colac
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