1/28 Hewitt Street
Colac, VIC 3250

This solid brick three-bedroom unit is situated in a highly convenient location, just a short walk from the Main Street and the popular Western Oval in Colac. It presents an excellent opportunity for investors seeking dependable rental income and long-term capital growth.

The property is currently tenanted with a secure lease until October 2026, generating a weekly rental return of $430. This fixed lease provides immediate income and financial certainty from the outset, making it an attractive investment option.

Constructed from durable brick, the unit offers lasting performance with minimal maintenance requirements. The practical and well-designed floorplan is appealing to quality tenants, featuring three generously sized bedrooms that provide comfortable accommodation suitable for families, professionals, or shared living arrangements. The functional layout supports easy day-to-day living, while the solid build and low upkeep nature make it an ideal “set and forget” investment.

Location is a key highlight of this property. Being within walking distance to the Main Street, tenants have immediate access to a variety of amenities including cafes, retail shops, essential services, schools, and public transport options. The nearby Western Oval enhances the lifestyle appeal by offering open green spaces, sporting facilities, and recreational opportunities right at the doorstep.

Properties located in walkable, amenity-rich areas like this consistently attract strong rental demand and experience lower vacancy rates. This makes the unit a smart acquisition for investors focused on stable performance and reliable returns.

Whether expanding an existing portfolio or securing a first investment property, this well-positioned, income-producing unit represents a compelling opportunity in a tightly held area where convenience drives demand and solid returns are evident.

Enquire today to secure a quality asset in a location that tenants will always value.