4-6 Scott StreetColac VIC 3250
Property Details for 4-6 Scott St, Colac
Last Listing description (February 2024)
A wonderful opportunity to acquire a key investment that provides the security of a long term, national tenant in a popular and expanding regional city. To be offered in an executors realization sale.
- Tenanted by GPC Asia Pacific, trading as Repco. Australia and NZ largest automotive aftermarket parts supplier. Backed by Genuine Parts Company, a US corporation with a market capitalization of more than US$15b.
- Trading from the site since 2004, the lease has recently been renewed for a further 3 year term, with two further 3 year options.
- Beautifully situated adjacent to Murray Street, the Princes Highway that carries approximately 14,500 vehicles a day through Colac.
- Colac Otway Shire boasts a current population of 22,177 and the town of Colac is expected to double its population by 2050.
- 50% stamp duty concession may be applicable
Auction: Tues 5th Dec at 11am. Leonda by the Yarra, Hawthorn.
Property History for 4-6 Scott St, Colac, VIC 3250
- 05 Dec 2023Sold for $1,500,000
- 02 Nov 2023Listed for Sale Auction: Tues 5th Dec at 11am
- 10 Sep 2012Transferred
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0About 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.
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