229-239 Murray StreetColac VIC 3250
Property Details for 229-239 Murray St, Colac
Last Listing description (October 2024)
Situated prominently on Colac main thoroughfare this large site (1871m2) features the only vacant commercial land in central Colac. With over 30 metres frontage to Murray Street, this property includes a sound brick showroom, with adjacent office space and warehouse at the rear.
- Air-conditioned showroom of 270sqm (approx.)
- Carpeted offices of 73sqm (approx.)
- Vacant land of more than 1300sqm
- Versatile Commercial 1 zoning
Situated close to fast food franchises, car dealers and other successful local businesses this site offers the opportunity for business expansion and or new development fronting the main street, with rear access to the site from Skene Street. Vacant possession is available.
Property History for 229-239 Murray St, Colac, VIC 3250
- 23 Jun 2024Sold for $1,265,000
- 16 Feb 2023Listed for Sale $1,300,000 + GST
- 18 Jun 2021Sold for $198,000
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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 5,501 properties. Over the last 5 years, Houses in Colac have seen a 43.94% increase in median value, while Units have seen a 26.16% increase. As at 30 September 2024:
- The median value for Houses in Colac is $432,100 while the median value for Units is $358,319.
- Houses have a median rent of $430 while Units have a median rent of $360.
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