Description

Positioned in the heart of Colac's thriving commercial strip, 321–323 Murray Street presents a rare opportunity to secure a substantial redevelopment site on the highly sought-after Princes Highway. Comprising approximately 1,677m² with an expansive 36.5 metre frontage, this property delivers outstanding exposure to strong passing traffic and established neighbouring businesses.
Offered across two titles and supported by convenient rear access, the site provides flexibility for a range of development outcomes. Zoned Commercial 1, the property is ideally suited to a variety of uses (STCA), including large-format retail, showroom space, hospitality venues, office development, fast food or service-based businesses seeking a prominent central location.
An existing older building of approximately 250m² occupies the site, offering holding income potential or scope for immediate repositioning while planning your new development.
Large landholdings of this calibre on Murray Street are rarely offered to the market, making this an exceptional chance to capitalise on Colac's key retail and commercial corridor. With strong fundamentals, excellent accessibility, and high visibility, the stage is set for a standout project.