126-128 Murray St, Colac is a 3 bedroom, 2 bathroom Unit. The property has a land size of 290m2 and floor size of 215m2.
'Norwich Chambers' is a charming, well maintained two-storey red brick building situated in the heart of Murray Street (Princes Highway), Colac. Built in 1907 for Charles Johnstone as an insurance office, the building is noted as an important example of a conservatively designed Federation Romanesque style single fronted commercial residential building.
On the second floor is beautifully presented apartment, offering two bedrooms, and two bathrooms plus an office. A large living and dining area is adjacent to a modern, well-appointed kitchen with electric appliances, dishwasher and huge pantry. The main bedroom has a large ensuite bathroom with spa, and there is a second smaller bathroom and European laundry. The office space would also double as a third bedroom if required. A large rear deck provides an outdoor entertaining area. The apartment is fully furnished and currently let at $450 per week. The apartment offer flexibility, as it has previously been operated as Airbnb, short term stay accommodation and would be a wonderful townhouse to occupy as you are within sight of Memorial Square, Woolworths, cafe and shops.
The ground floor has been the long-term home for a travel agency, and currently operates as Hello World travel, Australia's largest network of franchised travel agents. The travel business has operated from the building for more than 28 years. In February 2023 a new five-year net lease was signed, with three further five-year terms, demonstrating a long-term commitment to this premium location.
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:
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