Lot S Colac VIC (6 beds)

Description

$1,025,000 - $1,075,000

Final price subject to land availability and site costs.

Positioned within the growing suburb of Colac, this Co-living offers a modern solution for comfortable living and smart investment. With 6 bedrooms, 6 bathrooms and 2 car space/s, it provides a layout that supports both functionality and lifestyle. Its design focuses on ease of living, making it attractive to a wide range of tenants and buyers. Backed by strong growth potential, it stands as a reliable and future-ready property. An ideal addition to any portfolio.

5 Year Rental Guarantee @ $2,100 Per Week: The guarantee spans five years from the start date, which is typically 14 days after the settlement date or issuance of the occupancy permit. Investors receive a gross rental yield of at least 10% annually over this period.

What is Covered: The guarantee ensures 100% rental income during the period, even if vacancies occur, offering peace of mind to investors.

Suburb profile:

Colac is a regional town in Victoria known for its affordability, community atmosphere, and close proximity to the scenic Otway Ranges. With schools, parks, shops, and healthcare facilities nearby, it provides essential infrastructure and lifestyle benefits for both families and renters. As Colac continues to grow, so too does the demand for well-designed, affordable rental properties.

This property includes six self-contained units each with a:

• Bedroom
• Bathroom
• Study Desk
• Living Room
• Kitchenette
• A/C
• Courtyard

Common areas include:

• Storage
• Bike Rack
• Kitchen
• Dining Room
• Laundry
• Social Area
• 6 Mailboxes

Rent Includes:

• Wi-fi
• Electricity
• Water
• Common Area Cleaning
• Gardening
• Maintenance

Furniture Pack:

• Each unit is equipped with a 55” flat-screen TV, data points, a digital door lock for security, a mini fridge, and a kitchenette with a convection microwave.
• Furnishings include a double bed with bed frame and mattress protector, lamp, desk, chair, TV unit, two-seater couch, and coffee table.
• The common area features a dining table, washing machine, dryer, and fridge.

3.1kW Solar System:

• Features 3.1kW 3ph Hybrid (battery-ready) PV Solar system, reducing power consumption from the grid and providing a sustainable environmental benefit.

Split System:

• 2.65kW A/C Split System is included in each unit for optimal comfort.
• Split system heating and cooling is provided to each unit and the communal area for complete climate control.

Security Features:

• Digital door locks to each unit
• Alarm system for added security and peace of mind

Front & Rear Landscaping:

• The landscaping features a stylish blend of mulch, turf, and garden beds with trees and shrubs.
• The property also includes side and back fencing, along with wing fences which create private outdoor areas for each unit.
• Each unit's outdoor area has a 9m² concrete pad for table and chairs.

This property represents a balanced investment, offering both lifestyle comfort and strong growth potential. Its design, location and functionality make it a dependable choice for investors and homeowners alike. A smart decision for those looking toward the future.

A co-living property is a type of shared accommodation that offers private bedrooms with ensuite bathrooms and communal spaces such as kitchens, living rooms, dining areas, laundry facilities and outdoor areas.

Co-living properties are designed to foster a sense of community, convenience and comfort among the residents, who can enjoy the benefits of having their own space as well as socialising with like-minded people.

A co-living property attracts tenants who are looking for an affordable, flexible and hassle-free living option that suits their lifestyle and needs.

Co-living tenants are typically young professionals, students, digital nomads, entrepreneurs, creatives and seniors who value convenience, connectivity and collaboration.

A co-living property offers benefits to an investor who is looking for a high-yield, low-risk and future-proof investment opportunity.

Co-living properties have a higher occupancy rate, lower vacancy rate and lower turnover rate than traditional rental properties, as they cater to the growing demand for affordable and flexible housing solutions in urban areas.

Co-living properties also have higher capital growth potential, as they are generally located in prime locations with access to transport, education, employment and entertainment hubs.

You can read more about Co-Living here: Co-Living: The Future of Australian Housing.