98A Wilson Street, Colac VIC 3250

Have you been considering building your own home? Or maybe the possibility of investing in the strong Colac market is appealing to you. Attention developers - the hard work has been done for you! Located within walking distance to Colac Secondary College, Bluewater Fitness Centre, Eastern Reserve playground and the new Coles supermarket.
The opportunities are endless with this site. You could potentially:

-Build your dream home on this large allotment of 1,100 square meters with both front & rear access
-Complete the three lot subdivision as per the current planning permit and sell them off the plan or rent them out for a great income between 5 & 5.5%
-Build a unit facing Selwood Street immediately and then sell of the remaining home site of 620 Square meters or build another two units under the existing planning permit with Wilson Street access.
The current Planning Permit and existing drawings are available for a 3 bedroom, 2 bathroom, double garage unit, a 3 bedroom, 2 bathroom, single garage unit and a
2 bedroom, 1 bathroom, single garage unit with access from Selwood and Wilson Street and power available.
If you're thinking of building your own house (STCA) now is the time, 1/4 acre residential blocks in the heart of Colac are very rare! This is an opportunity not to be missed.