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Overview
50 Queen Street, Colac
Located in the vibrant commercial precinct of Colac, this freehold property at 50 Queen Street offers a prime investment opportunity in one of regional Victoria's most stable property markets.
The property sits on a substantial block of approximately 557.6 square meters and currently houses a well-established business, providing immediate rental income with potential for future growth.
Key investment features include:
- Land area of approximately 557.6 square meters
- Commercial zoning
- Current periodic lease in place
- Monthly rental income of approximately $3,085.59, equating to around $37,027.08 annually
- Long-standing tenant with a proven track record, committed to continuing tenancy post-sale
The periodic lease arrangement offers flexibility for future lease negotiations while ensuring ongoing rental returns. The tenant has expressed their intention to remain, providing security and peace of mind for prospective investors.
Strategically positioned just moments from Colac's main retail area, civic facilities, and public transport, Queen Street is a sought-after commercial location. The area benefits from strong pedestrian traffic, ample street parking, and excellent visibility, supporting a diverse range of commercial activities.
Colac continues to attract discerning investors due to its consistent rental demand, growing population, and strategic location within Victoria's expanding south-west corridor. The local commercial market is underpinned by key sectors including government services, healthcare, agriculture, and retail.
Inspections are available by appointment, and a Section 32 statement can be provided upon request. This property represents a secure and promising investment in a thriving regional centre.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Colac VIC 3250
Market Insights for Colac VIC 3250
Other properties in this postcode
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