40 Gellibrand Street, Colac VIC 3250
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NEW PRICE - $420,000 - $440,000
40 Gellibrand Street, Colac, VIC 3250
3
1
165m²
0m²
•
other - commercial
Property Description
Listed on 22 July 2025
Just one block north of Murray Street and offering the convenience of street parking, this well-located freehold property presents a prime opportunity for both commercial enterprises and residential conversion. Currently configured with a welcoming reception area, three private office rooms, and a dedicated side entrance, the layout is ideally suited for a range of professional or business uses. With council approval, the property also holds exciting potential to be transformed into a modern inner-city residence or short-term accommodation such as an Airbnb. It is currently tenanted under a 2x2x2 commercial lease with a weekly rental income of $375 per week inclusive of GST. A covered porch leads to a central entryway, unveiling a flexible floorplan that can be easily customized with built-in joinery to suit specific needs. Freshly painted throughout, the interior also features quality carpets, new blinds, and recently replaced front windows, enhancing the overall presentation. Additional features include a compact kitchenette discreetly located within one of the offices, and a fully renovated bathroom complete with vanity, toilet, and freestanding bath — offering added comfort for staff or guests. Year-round comfort is ensured with gas ducted heating, and NBN connectivity is already in place for smooth business operations. Occupying a 165sqm allotment, this adaptable property is the ideal canvas for your next business venture or central lifestyle hub. *All information about the property has been provided to Richardson Real Estate by third parties. Richardson Real Estate has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to this property.
Property history
A breakdown of how regularly this property entered and exited the market for sale or lease.
NEW PRICE - $420,000 - $440,000
$155,000
$23,000
$41,000
$40,000
$37,000
Median unit price trends
Comparing the price trend of units in Colac against the state of Victoria over the last 4 years. Source: Cotality
Comparable properties
See what similar properties in the area are selling and listed for.
Market activity
A snapshot of how quickly properties are selling in the area and how many are currently available.
29 Days
House median days on market
29 Days
Unit median days on market
272 Properties
Sold in last 12 months
56 Properties
Available in the last month
Colac residents
Key characteristics of the residents in the area, view the full breakdown of the suburb here.
60+
Is the most common age range
Outright Owners
Most common occupant type
Singles
Most common household profile
Labourers
Most common occupation
Detached Houses
Most common property type
Nearby education
Schooling and educational options in the area, for all ages.
Colac Primary School
K - Yr 6
Government
Colac South West Primary School
K - Yr 6
Government
Colac West Primary School
K - Yr 6
Government
Lavers Hill K-12 College - Greater Otway Applied Learning School
K - Yr 12
St Mary's School
K - Yr 6
Catholic
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Frequently asked questions
The property at 40 Gellibrand Street includes 3 bedrooms, 1 bathroom and no assigned parking spaces.
The land size for 40 Gellibrand Street in Colac is approximately 165 square metres. This figure is useful for understanding the outdoor space, development potential and overall scale of the property.
40 Gellibrand Street in Colac, Victoria, is close to local schools such as Colac Primary School, Colac South West Primary School, Colac West Primary School, Lavers Hill K-12 College - Greater Otway Applied Learning School, St Mary's School, Colac Secondary College, Lavers Hill K-12 College - Greater Otway Applied Learning School and Trinity College Colac
As of 2/1/2026, the property at 40 Gellibrand Street is not available in our data at this time.