Colac VIC 3250

$850,000 Negotiable

A RARE INVESTMENT INDEED!115 YEAR OLD BAKERY,WOOD.

Phone enquiries - please quote property ID 02372

COMMERCIAL INVESTMENT OPPORTUNITY WITH POTENTIAL OF FIVE RENTAL INCOMES ? ALL ON THE ONE TITLE

Situated in a high prominent position in Colac is this commercial freehold property with 2 bedroom Residence. This investment offers multiple purposes:-

* Retail/Showroom area of approximately 115sqm (which could easily be split into two separate sections and leases

* An Historical Baker with original ovens, work shop and upstairs storage area

* An additional vacant building with kitchen and toilet facilities

* Two Bedroom Residence (separate Access)

This prime property is close to supermarkets, hotels, post office, restaurants, major takeaways along with Hospital and Chemist.

The front Shops and Residence have been architecturally designed and built in 1938 which have been tastefully decorated (Art Deco Style) by an Interior decorator. The Bakehouse has an enormous amount of history to it and is over 100 years old. It has two large ovens (3 x 3sqm each) which could easily be fired up again (Ideal for another bakery or any business requiring ovens). Above the Bakehouse is a huge storage area (with an additional floor again above this, for even more storage!).

At the rear of the property there is a large car park, with drive though access to Connor street (where the hospital is). There is no doubt that you will never see this opportunity in Colac again. This is a must for the wise investor to see. Also note that Owner may consider a long term lease instead of purchase. So call now to find out more.

ABOUT COLAC:-

Colac is a commercial and civic service centre of about 17. 500 people with good access to the Great Ocean Road. It is also known as the Gateway to the Otways (a reference to the nearby Otway Ranges and surrounding forest to the south of town). It is 148 km west of Melbourne on the Princes Highway. SELLER WILLING TO LEAVE SOME MONEY IN, IF SOMEONE IS INTERESTED IN OPENING A BIG BAKERY IN THE COUNTRY.JUST E-MAIL ME,

1910. The large and extensive bakery business controlled by Mr A.J. Millman in Manners-Sutton Street, Colac, has now been established some seventeen years, and the progress made has been steady and gradual. From nine bags per week, the turnover has increased to sixty-two standard sacks at the present time, and some ten hands are busily employed turning out the high-class bread and small goods 'Millman' is noted for. Recently he has erected a commodious two-storied brick bake-house, where large Scotch ovens, and the most up-to-date bread-making appliances have been installed. Everything right throughout the factory is scrupuously clean, and hundreds of large drawers have been installed in which to place bread on coming out of the ovens. There is no doubt this is the finest and best equipped bread factory in the country towns of Victoria, and the writer is glad to notice and heat that the energetic proprietor is reaping the reward from his enterprise. A retail shop is also connected with this business. It is a modern, handsome one, the appointments are excellent, and the trade dome, is sound, solid, and extensive.

There are still in perfect working order can be fired by wood ,one going recently after forty years.

Property Details

• Type: Retail
• Tenancy: Vacant