FOR SALE
Auction Guide $330,000 - $350,000

38 Rae Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 786m2
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Auction Time
Fri 4 Oct 5:00 pm
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No upcoming inspections scheduled.
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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 zoned the location is as good as it get's for a savvy new business pursuit. The block has had a home on it in the past and is recognised for residential use, the option is there to build your dream family home or investment property (STCA). With services connected and ready to go, all that's left to do make your idea a reality.
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.
For Sale by Public Auction on Friday 4th, October @ 5:00 PM.
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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 5,500 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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Simone Dunstan
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Ray White Colac
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