21 Locke StreetOrana WA 6330
Property Details for 21 Locke St, Orana
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
- 23 Oct 2023Listed for Sale Please contact our sales agent for more information.
- 09 Mar 2006Sold for $210,000
- 01 Jun 1994Sold for $44,000
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0About Orana 6330
The size of Orana is approximately 2.4 square kilometres. There are 4 parks, covering nearly 6.6% of the total area. The population of Orana in 2016 was 2050 people. By 2021 the population was 2035 showing a population decline of 0.7% in the area during that time. The predominant age group in Orana is 10-19 years. Households in Orana are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Orana work in a trades occupation.In 2021, 59.10% of the homes in Orana were owner-occupied compared with 60.90% in 2016.
Orana has 1,025 properties. Over the last 5 years, Houses in Orana have seen a 124.43% increase in median value, while Units have seen a 104.23% increase. As at 30 June 2026:
- The median value for Houses in Orana is $689,107 while the median value for Units is $533,728.
- Houses have a median rent of $600.
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