52-58 Corangamite StreetColac VIC 3250
Property Details for 52-58 Corangamite St, Colac
Last Listing description (October 2024)
- A wonderful opportunity to acquire a first-class office building with a secure long-term lease to leading south west business advisory and accountancy practice.
- Well-appointed brick building of 380m2 with a broad street frontage. Building was refurbished in 2018.
- Ten-year lease to Sinclair Wilson extends to 2028, with three further five-year terms to follow. Current income of $89,124 p. annum + GST with annual CPI increases applicable.
- Situated on a huge 990m2 with additional (Bromfield) street frontage that offers further development potential.
- Convenient staff and customer carparking for 18 vehicles
- Sinclair Wilson are in the top 50 largest accounting and advisory practices in Australia and have a long history in south west Victoria, their long tenure on this site provides an opportunity for an astute investor to acquire a gold class investment.
- Colac is a growing and thriving regional city with a diverse economy that includes agriculture, manufacturing and heath care, and is a service hub for much of the South west.
AUCTION: Tuesday 12th November, from 11am at 335 Camberwell Rd, Camberwell
Property History for 52-58 Corangamite St, Colac, VIC 3250
- 21 Oct 2024Sold
- 08 Oct 2024Listed for Sale Auction: 12th November 2024.
- 16 Aug 1982Sold for $88,000
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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 5,511 properties. Over the last 5 years, Houses in Colac have seen a 42.43% increase in median value, while Units have seen a 26.08% increase. As at 30 November 2024:
- The median value for Houses in Colac is $444,729 while the median value for Units is $397,860.
- Houses have a median rent of $430 while Units have a median rent of $368.
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