57B Carrington StreetPalmyra WA 6157
Property Details for 57b Carrington St, Palmyra
Last Listing description (October 2020)
This investment property presents a unique opportunity to own a ground floor commercial unit within a newly built apartment complex with a new 5-year lease.With prime street frontage along Carrington street in Palmyra, it offers exposure to both vehicular and foot traffic, with an estimated 8,700 cars passing per day. The property is part of a mixed-use new apartment building strategically located in the leafy suburb of Palmyra. Lease Details:Tenant: Ashleigh Bourne HairstylistRent: $24,850 per annumLease Commencement: 1 May 2020Lease Term: 5 YearsOption: 3 YearsNow, more than ever is it critical to ensure that tenants in investment properties are strong and stable within the current economic challenges. This lease started right at the thick of these challenges and has opened doors to the public showing strength and confidence in their client-base.For more information or to arrange an inspection please contact:Enrique ReyesM:0421 888 688E:enrique.reyes@raywhite.comRay White Commercial (WA)Brett WilkinsM:0478 611 168E: brett.wilkins@raywhite.comRay White Commercial (WA)
Property History for 57b Carrington St, Palmyra, WA 6157
- 02 Sep 2020Sold for $378,000
- 14 Jul 2020Listed for Sale $378,000 (Going Concern)
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0About Palmyra 6157
The size of Palmyra is approximately 3.1 square kilometres. There are 18 parks, covering nearly 3.5% of the total area. The population of Palmyra in 2016 was 6950 people. By 2021 the population was 7585 showing a population growth of 9.1% in the area during that time. The predominant age group in Palmyra is 30-39 years. Households in Palmyra are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Palmyra work in a professional occupation.In 2021, 71.20% of the homes in Palmyra were owner-occupied compared with 67.60% in 2016.
Palmyra has 4,323 properties. Over the last 5 years, Houses in Palmyra have seen a 87.58% increase in median value, while Units have seen a 113.87% increase. As at 30 April 2026:
- The median value for Houses in Palmyra is $1,445,775 while the median value for Units is $855,737.
- Houses have a median rent of $835 while Units have a median rent of $700.
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