FOR SALE
$295,000 - $324,500

38 Rae Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 786m2
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Rare central blank canvas opportunity

Blink and you may just miss this rare opportunity to secure a prime parcel of real estate in the heart of Colac.
The options are endless as to what could be achieved on this block for the new purchaser.
Currently commercial zone 1 the location is as good as it get's for a savvy new business pursuit. With all services connected all that's left to do is draw up the plans for your dream venture.
A very spacious 786 square metre alotment there is room for a big venture/ development (STCA).
Blocks of this calibre and location rarely present themselves to the market so don't hesitate to secure this remarkable property.
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Property Details for 38 Rae St, Colac

Building Type
Land
Land Size
786m2

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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 5,512 properties. Over the last 5 years, Houses in Colac have seen a 42.29% increase in median value, while Units have seen a 28.04% increase. As at 31 October 2024:

  • The median value for Houses in Colac is $441,147 while the median value for Units is $368,492.
  • Houses have a median rent of $440 while Units have a median rent of $365.
There are currently 19 properties listed for sale, and 5 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 198 properties were sold in the past 12 months in Colac.

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Simone Dunstan
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Ray White Colac
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