SOLD
Sold on 20 Dec 2023 for $2,000,000

7 Hi-Tech Place
Rowville VIC 3178

Bedrooms: -
Bathrooms: -
Car spaces: 12
Floor area: 97m2
Land area: 1181m2
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Property Details for 7 Hi-Tech Pl, Rowville

Building Type
Commercial
Floor Size
97m2
Land Size
1181m2
Local Government
Knox
Lot/Plan
106/LP203653

Last Listing description (November 2023)

Jones Real Estate team is excited to present this prominent & established industrial warehouse, exceptionally positioned within the heart of Melbourne's south-eastern industrial precinct of Rowville, offering an increasingly rare opportunity to acquire within one of Australia's most tightly held industrial precincts.

Positioned on the doorstep of the Eastlink arterial network, this impressive freehold industrial property is directly adjoined by large residential catchments and allows for fantastic access to Melbourne's major arterial road networks.

7 Hi-Tech Place, Rowville is For Sale via Public On-Site Auction on Wednesday 13th December at 10:30am.

Key features of this property include:

- Two (2) prominent & established precast industrial warehouse opportunities, individually spanning 332sqm* with a combined total floor area of 664 sqm*.

- Clear span factory / warehousing providing 8m* of height throughout.

- Two (2) roller shutter doors, allowing for desired loading capabilities.

- Twelve (12) on-site car parks on title.

- Short-term holding income of $100,000.00 per annum + GST & Outgoings.

- Comprehensive security camera system for additional peace of mind.

- Take advantage of record low industrial vacancy and make your mark in Melbourne's premier southeastern precinct which holds a 1.30% industrial vacancy rate^.

- Positioned just seconds away from Wellington and Stud Road, the property boasts terrific accessibility to the Stud Park Shopping Centre, home to major national retailers: Woolworths, Coles, Kmart, Chemist Warehouse, BWS & ANZ.

- This highly sought after offering is positioned on the doorstep of major transport arterials, providing convenient access to the Eastlink Freeway, Ferntree Gully Road and Burwood Highway.

- This property is zoned Industrial 1 Zone IN1Z.

*Approx.
^Urbis.com.au, Q2 2023

For further information or to schedule a private inspection of the opportunity, please contact the exclusive selling agents.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.

Property History for 7 Hi-Tech Pl, Rowville, VIC 3178

A timeline of how this property has performed in the market
Last Sold
$2,000,000
20 Dec 2023
  • 20 Dec 2023
    Sold for $2,000,000
  • 15 Nov 2023
    Listed for Sale Contact Agent
  • 25 Nov 2005
    Sold for $615,000
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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 14,071 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 41 properties listed for sale, and 18 properties listed for rent in Rowville on OnTheHouse. According to CoreLogic's data, 427 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.