SOLD
Sold on 15 Dec 2023 for $1,400,000

2/15 Laser Drive
Rowville VIC 3178

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 972m2
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Property Details for 2/15 Laser Dr, Rowville

Building Type
Commercial
Land Size
972m2
Local Government
Knox
Lot/Plan
2/PS310840

Last Listing description (November 2023)

Crabtrees Real Estate are excited to offer Units 1 & 2/15 Laser Drive, Rowville for SALE via Expressions of Interest closing Wednesday 6th December at 4pm.

The properties comprise (2) adjoining industrial investments located in the highly sought after Rowville industrial precinct. With new 10 year leases and the flexibility to buy one or both this is an outstanding opportunity for astute investors.

UNIT 1:

+ New 10 year lease
+ Returning $62,397 per annum (net)
+ Annual rent increases
+ Building area: 604 sqm*
+ Land area: 959 sqm*

UNIT 2:
+ New 10 year lease
+ Returning $62,397 per annum (net)
+ Annual rent increases
+ Building area: 604 sqm*
+ Land area: 964 sqm*

KEY FEATURES UNITS 1 & 2:
+ Modern office warehouses
+ Good warehouse height
+ Opportunity to purchase well below replacement cost
+ Great location with easy access to Stud Road, Ferntree Gully Road & EastLink

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!

Property History for 2/15 Laser Dr, Rowville, VIC 3178

A timeline of how this property has performed in the market
Last Sold
$1,400,000
15 Dec 2023
  • 15 Dec 2023
    Sold for $1,400,000
  • 02 Nov 2023
    Listed for Sale CONTACT AGENT
  • 30 Oct 2014
    Sold for $752,500
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About Rowville 3178

The size of Rowville is approximately 21.7 square kilometres. It has 63 parks covering nearly 23.9% of total area. The population of Rowville in 2011 was 34,145 people. By 2016 the population was 33,689 showing a population decline of 1.3% in the area during that time. The predominant age group in Rowville is 50-59 years. Households in Rowville are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Rowville work in a professional occupation. In 2011, 84.6% of the homes in Rowville were owner-occupied compared with 82.4% in 2016.

Rowville has 14,018 properties. Over the last 5 years, Houses in Rowville have seen a 26.41% increase in median value, while Units have seen a 12.12% increase. As at 31 October 2024:

  • The median value for Houses in Rowville is $1,102,658 while the median value for Units is $694,966.
  • Houses have a median rent of $650 while Units have a median rent of $570.
There are currently 42 properties listed for sale, and 13 properties listed for rent in Rowville on OnTheHouse. According to CoreLogic's data, 422 properties were sold in the past 12 months in Rowville.

Suburb Insights for Rowville 3178

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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.