68 Petra StreetPalmyra WA 6157
Property Details for 68 Petra St, Palmyra
Last Listing description (November 2025)
Exclusive agents, Realmark Commercial are pleased to present to market 68 Petra Street, Palmyra for sale via expression of interest closing 16th of October 2025 at 4pm. This green title two story office building boasts 8 tenancies split across a total of 489sqm sitting on 1,055sqm of land. The building is fully leased to bothretail and office tenants that been in situ for multiple years. Location: The site sits in the strategic suburb of Palmyra. The area is flourishing with a stong blend of commerical and residential offerings. The subject site sits just off Canning Highway which is one of the main key aertial roads connecting major key business hubs. There is strong public transport options and readily available parking in the nearby shopping centres. What to know:- Two story green title office/retail building- 8 tenancies delivering a net income of $118,758 p.a- Outgoings covered by tenants at $38,747- WALE: 1.55 years- Zoning: Mixed Use - R50 - Local Council: City Of Melville- Amenities both ground and first level- Potential for redevelopment - 14 Car BaysSale Process:For sale via expression of interest closing 16th of October 2025 at 4pmFor further information or to arrange an inspection, please contact the exclusive agent today.
Property History for 68 Petra St, Palmyra, WA 6157
- 24 Oct 2025Sold for $2,160,000
- 30 Sep 2025Listed for Sale Contact Agent
- 18 Dec 2024Listed for Rent $25,000 / year
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0About Palmyra 6157
The size of Palmyra is approximately 3.1 square kilometres. It has 18 parks covering nearly 3.5% of 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 4,312 properties. Over the last 5 years, Houses in Palmyra have seen a 86.75% increase in median value, while Units have seen a 90.14% increase. As at 31 December 2025:
- The median value for Houses in Palmyra is $1,313,554 while the median value for Units is $739,486.
- Houses have a median rent of $780 while Units have a median rent of $678.
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