5 Orville CourtRowville VIC 3178
Property Details for 5 Orville Ct, Rowville
Last Listing description (November 2023)
Colliers are delighted to offer to market, for sale via Expressions of Interest campaign closing Wednesday, 13th December at 3pm (AEDT), 5 Orville Court, Rowville.
This modern full height pre-cast panel designed office warehouse presents immaculately and offers purchaser security and growth. The 925m* building area is situated on a total site area of 1,395m* which is securely gated. The property is leased to national brand Detector Loop Services Pty Ltd who have occupied the site for almost 15 years.
Key Investment Highlights
Fixed 4% annual rental increases.
5-year lease with multiple options (5.0* year WALE by way of income)
Market review at the end of each term
3-month gross rent bank guarantee
5 Orville Court is an opportunity to purchase a long WALE industrial investment in a time when there is limited supply of prime grade industrial asset.
Please contact your exclusive agents below to arrange an inspection.
*Approximate
**Outlines indicative only
Property History for 5 Orville Ct, Rowville, VIC 3178
- 19 Jan 2024Sold for $2,900,000
- 14 Nov 2023Listed for Sale Please contact agent
- 11 Dec 2008Sold for $512,000
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0About 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.
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