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242 Murray St 861 SF Retail Building Colac, VIC 3250 $260,436 ($302.44/SF)
Investment Highlights
- Located on Murray Street (Princes Highway) in Colac’s main commercial precinct.
- Prominent glass frontage providing strong visibility and signage opportunities.
- Surrounded by major national brands and local operators in a high-traffic area.
Executive Summary
242 Murray Street offers a rare opportunity to acquire a high-exposure retail property in the heart of Colac’s busiest commercial corridor. Positioned along Murray Street, which forms part of the Princes Highway, this property benefits from significant passing traffic and strong visibility. The surrounding precinct is anchored by major national and local operators, including McDonald’s, KFC, and Noodle Box, creating a vibrant food and retail destination that attracts both local customers and highway travelers.
The property features a prominent glass frontage that maximizes exposure and provides excellent signage opportunities. Internally, the space is ready for customisation, with plumbing and electrical services already installed to support a streamlined fit-out process. A rear deck area adds versatility, offering potential for outdoor dining or additional customer seating. This property is well-suited for takeaway food operators or retail businesses seeking a strategic location in a tightly held strip. Offered for sale at $370,000 + GST, this is an attractive option for investors or owner-occupiers looking to secure a position in a high-traffic, growth-oriented area.
The property features a prominent glass frontage that maximizes exposure and provides excellent signage opportunities. Internally, the space is ready for customisation, with plumbing and electrical services already installed to support a streamlined fit-out process. A rear deck area adds versatility, offering potential for outdoor dining or additional customer seating. This property is well-suited for takeaway food operators or retail businesses seeking a strategic location in a tightly held strip. Offered for sale at $370,000 + GST, this is an attractive option for investors or owner-occupiers looking to secure a position in a high-traffic, growth-oriented area.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Storefront
Building Size
861 SF
Building Class
C
Price
$260,436
Price Per SF
$302.44
Tenancy
Single
Building Height
1 Story
Building FAR
0.42
Lot Size
0.05 AC
Frontage
15’ on Murray Street
Amenities
- Bus Line
- Commuter Rail
- Courtyard
- Air Conditioning
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242 Murray St
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