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38 Rae Street, Colac VIC 3250

$350,000 - $385,000

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$350k - $368k Transparent Transparent Listing Based on an openly advertised listing price.

Land 783 m²

Listed: 2 days ago

Updated: 9 hours ago

Overview

This strategic 783 square metre parcel of land is ideally situated within Colac's busy CBD precinct, providing a rare development opportunity that embraces the vibrancy and convenience of an established commercial hub.

The site’s Commercial 1 zoning unlocks a spectrum of potential usages including retail shops, cafes, restaurants, professional offices, medical facilities, and entertainment venues, offering significant flexibility for business owners and investors aiming to capitalize on the area’s commercial activity.

Set amongst prominent local businesses and just moments from essential amenities such as the main street, train station, and Aldi supermarket, the location ensures seamless accessibility and excellent exposure, vital for commercial success in a thriving regional centre.

Whether you are an entrepreneur looking to establish a new retail or hospitality venture, a professional seeking a central business location, or an investor wanting a practical asset with scope for future development, this flat, vacant land provides a substantial canvas to fulfill your business aspirations.

Prime position in the heart of Colac CBD
Flat, ready-to-build vacant block easing development considerations
Zoned Commercial 1, permitting diverse commercial uses
Close proximity to transport, shopping, and high foot traffic areas
Flexible purchase terms available to accommodate a range of buyers

Given the limited availability of well-located commercial land in the area, this offering is a timely prospect for those prepared to act decisively. Interested parties are encouraged to conduct their own due diligence to fully appreciate the opportunity presented.

Local Market Insights

In Colac, Quiet Listings observed 3 new parcels of land entering the market over the last 30 days, up from 2 during the previous 30-day period, with an average advertised asking price of $310,000. The property type mix of listed properties is predominantly Houses at 80%, followed by land (20%). The most active agency for land in the Colac area is currently Hayeswinckle, representing 33% of new listings, followed by One Agency with 33%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

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.