An exceptional opportunity presents itself in the heart of Colac, with this substantial two-storey commercial building prominently positioned on the town's main street. Set on a generous 1,201sqm landholding and offered with vacant possession, the property provides flexibility, scale and long-term potential in one of the district's most tightly held commercial locations.
Behind its distinguished façade lies a versatile layout suited to a range of commercial uses. The ground floor opens to a welcoming reception area, creating an immediate professional impression for clients and customers. This level also comprises three well-proportioned offices, two storage rooms, two toilets and two secure vaults - a rare and valuable feature that speaks to the building's original purpose. The layout is practical and functional, while still offering scope for modernisation or reconfiguration if desired.
Upstairs, the first floor provides five additional offices, allowing ample space for a growing business or multiple tenancies. A bathroom complete with bath and a separate kitchen add further amenity, making the upper level suitable for extended office use, consulting suites, or potential alternative applications (STCA). The scale of accommodation across both levels offers flexibility for owner-occupiers seeking room to expand, or investors looking to maximise leasing options.
The expansive 1,201sqm allotment is another standout feature, with valuable rear access to on-site car parking - a highly sought-after asset in a central main street position. This combination of prominent frontage and practical rear access enhances both convenience and long-term value.
Steeped in local history, the building holds a significant place in Colac's commercial story. Originally constructed as the home of the National Bank, it operated in this capacity until 1932 and holds the distinction of being Colac's first independent bank building. From 1932 until 1972, the property became the esteemed Colac Gentlemen's Club, serving as a social hub for the town's community. In the decades since, it has accommodated various office-based businesses, continuing its longstanding role as a centre of professional enterprise.
With its commanding presence and rich heritage, this is a rare chance to secure a landmark freehold in central Colac. Whether you are looking to establish your business or invest in a property with the opportunity for multiples tenancies, this property represents outstanding potential.
