172 Hearn St 2,099 SF Retail Building Colac, VIC 3250 $335,009 ($159.61/SF)

This unique dual-title commercial property presents a rare opportunity to secure an income-generating asset in the heart of Colac. The offering features two separately titled blocks, one comprising an updated commercial building and the other a vacant allotment, providing flexible options for future development or expansion. The premises have undergone recent refurbishment including new flooring and fresh paint, resulting in a modern, low-maintenance environment.
Currently tenanted under the first year of a three-year lease with an option for an additional term, this property ensures immediate rental income and strong investment fundamentals. Located within close proximity to prominent local amenities including Trinity College, Colac Secondary College, and Bluewater Leisure Centre, and minutes from the town center, the property benefits from consistent connectivity and convenience. Easy access to surrounding arterials ensures smooth regional links, reinforcing its appeal for long-term growth potential and portfolio diversification.