If you don't mind hard work and your looking for residence in Colac then this should be concidered For the land Value you can create a suitable dwelling just some dilligent work . later down the track subdivide the land build a new home and sell off the new Lot recouping your initial investment Move in immediately and renovate on a very large lot of 1163 square meters All services Connected and active Very secure and Large 3 Car Garage separate Alternately subdivide all the paper work with council has been completed for 2 lot subdivision planning permit in Place for 2 lot subdivision 577 square meters and 586 square meters build on one and sell the other one and still be financially in front comparison vacant land 415 meters square for sale $359,000 phone for more details using the enquiry code