SOLD
Sold on 13 Dec 2023 for $650,000

62-64 Murray Street
Colac VIC 3250

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 486m2
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Property Details for 62-64 Murray St, Colac

Building Type
Commercial
Land Size
486m2
Local Government
Colac Otway
Lot/Plan
1/TP18402

Last Listing description (May 2019)

Perfectly positioned on the busy main street in town, this exceptional Cafe lounge Bar with a stylish modern decor has endless opportunities to cater for a wide range of clientele. With a 1am liquor license and an allowance for off-site catering with liquor supply the business growth potential is enormous, so please enquire today as the opportunity won't last.The venue features a large dining and lounge area with window bench seating accompanied by a full size bar with multiple beers on tap, fully equipped commercial kitchen, separate private meeting room, front alfresco street seating and a rear outdoor shaded beer garden with separate bar facilities

Property History for 62-64 Murray St, Colac, VIC 3250

A timeline of how this property has performed in the market
Last Sold
$650,000
13 Dec 2023
  • 13 Dec 2023
    Sold for $650,000
  • 22 Feb 2019
    Listed for Sale Leasehold $189,000
  • 15 Aug 2001
    Sold for $185,000
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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.
There are currently 18 properties listed for sale, and 5 properties listed for rent in Colac on OnTheHouse. According to CoreLogic's data, 188 properties were sold in the past 12 months in Colac.

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