INDUSTRIAL BUILDING
With outstanding exposure to the Princes Highway and in an easy to find location, just off the highway and only minutes from the centre of Colac, this property represents exceptional value for the business operator or investor. The buildings are high and long enough to cater for heavy transport and B Doubles. The floor area is approximately 1170 sq mts and the buildings are divided by a washdown area with interceptor pit. Situated on approx 2000sq metre allotment, with side and rear lane access.
The size of Colac East is approximately 5.4 square kilometres. It has 4 parks covering nearly 0.1% of total area. The population of Colac East in 2011 was 306 people. By 2016 the population was 226 showing a population decline of 26.1% in the area during that time. The predominant age group in Colac East is 50-59 years. Households in Colac East are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Colac East work in a trades occupation. In 2011, 67.1% of the homes in Colac East were owner-occupied compared with 53.2% in 2016..
Colac East has 264 properties. Over the last 5 years, Houses in Colac East have seen a 21.90% increase in median value, while Units have seen a 289.70% increase. As at 30 November 2024:
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