OFF MARKET

21 Locke Street
Orana WA 6330

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 2811m2
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Property Details for 21 Locke St, Orana

Building Type
Commercial
Land Size
2811m2
Local Government
Albany
Lot/Plan
62/D061240

Last Listing description (October 2023)

Cygnet West are pleased to present to market Lock Street Self Storage at 21 Locke Street, Orana Albany.

This well located and successful facility has 117 storage units and sits on a land area of 2,881 square metres.


The property is located approximately 400km south-east of Perth in the regional town of Albany. Albany is one of the biggest towns in the Great Southern Region of Western Australia and has a population of 61,491 (ABS 2022). Lock Street Self Storage is one of only 3 storage facilities in Albany and is the only self-storage in the area of Orana.

The self-storage industry has grown consistently over the past decade and has emerged as a legitimate investment option for private investors and institutional buyers. There is the option to run the facilities as an owner occupier or to convert to an automated storage facility.

The property is being sold via an 'Offers Invited' campaign.

Closing date 4:00pm (AWST) 14th December 2023.

Prospective purchasers must comply with the following:
Access to the 'Dropbox' with financial information will only be permitted to parties upon signing a confidentiality agreement.

An assessment period will follow the close of the campaign, after which the Vendor may (at its absolute discretion) elect to deal with one or more parties.

Inspections will be arranged by the exclusive selling agent.

Property History for 21 Locke St, Orana, WA 6330

A timeline of how this property has performed in the market
Last Sold
$210,000
09 Mar 2006
  • 23 Oct 2023
    Listed for Sale Please contact our sales agent for more information.
  • 09 Mar 2006
    Sold for $210,000
  • 01 Jun 1994
    Sold for $44,000
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About Orana 6330

The size of Orana is approximately 2.4 square kilometres. It has 4 parks covering nearly 6.6% of total area. The population of Orana in 2011 was 2,009 people. By 2016 the population was 2,075 showing a population growth of 3.3% in the area during that time. The predominant age group in Orana is 0-9 years. Households in Orana are primarily couples with children and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orana work in a labourer occupation. In 2011, 57.8% of the homes in Orana were owner-occupied compared with 60.9% in 2016.

Orana has 1,016 properties. Over the last 5 years, Houses in Orana have seen a 83.18% increase in median value, while Units have seen a 18.33% increase. As at 31 October 2024:

  • The median value for Houses in Orana is $471,607 while the median value for Units is $308,478.
  • Houses have a median rent of $490.
There are currently 7 properties listed for sale, and 1 property listed for rent in Orana on OnTheHouse. According to CoreLogic's data, 36 properties were sold in the past 12 months in Orana.

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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.