2-6 Murray Street East, Colac VIC 3250

Every once in a while there is a property that comes to market that simply commands attention - well for Colac, that time has come.

Ray White Colac is proud to present 'The Prince of Wales'. Oozing history, character and tales of old - this property offers a once in a lifetime opportunity to purchase a piece of South West Victoria's history.

First licensed in 1875, the Prince of Wales operated as pub until 1921. It was then used as a boarding home for Italian migrants. Since then, it has been utilised as a private residence, cafe, craft store and other business pursuits. Its commanding brick presence can't be missed as you drive past the captivating facade, in the heart of Colac.

Inside, all of its character and original features remain with some modern functional upgrades. The dwelling boasts five bedrooms and multiple bathrooms if you wish to use the property as a one of a kind personal residence. A functional updated kitchen and main bathroom make the property ready to live in. Alternatively, take advantage of the original bar and lounge fit out to operate your very own artisanal cafe or other commercial pursuit (STCA).

Sitting on a large 2560sqm parcel of land, the opportunity awaits to further develop the property with infrastructure or subdivide (STCA) or take advantage of a strong rental market with plenty of rooms available to rent or AirBNB.

With plenty of opportunity on hand for the new purchaser, don't wait until it's too late to inspect and secure a fantastic opportunity. An inspection truly is a must!

Expressions of Interest closing at 2pm on Wednesday 18th June.