SOLD
Sold on 20 May 2024 for $305,000

12/42 Commerce Avenue
Armadale WA 6112

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 52m2
Land area: 52m2
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Property Details for 12/42 Commerce Ave, Armadale

Building Type
Commercial
Year Built
1987
Floor Size
52m2
Land Size
52m2
Local Government
Armadale
Lot/Plan
12/S015346

Last Listing description (June 2024)

Welcome to this fantastic opportunity to purchase a medical/consulting property in the heart of Armadale. Located at 11 & 12/42 Commerce Avenue, this 91sqm space is perfect for a range of professional services, currently leased as a photo studio.

With a price guide of from $295,000, this property offers great value for those looking to establish or expand their property portfolio. The property features ample space for consultation rooms, reception areas and more. With a current tenant in place on long Term lease paying $24,000 per annum rent plus VO.

Don't miss out on this chance to secure a property in a sought-after area. Contact us today to arrange a viewing and make this property yours!

Property History for 12/42 Commerce Ave, Armadale, WA 6112

A timeline of how this property has performed in the market
Last Sold
$305,000
20 May 2024
  • 20 May 2024
    Sold for $305,000
  • 15 May 2024
    Listed for Sale From $295,000
  • 05 Jun 2014
    Sold for $300,000
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About Armadale 6112

The size of Armadale is approximately 8.3 square kilometres. It has 38 parks covering nearly 8.1% of total area. The population of Armadale in 2011 was 12,853 people. By 2016 the population was 13,607 showing a population growth of 5.9% in the area during that time. The predominant age group in Armadale is 20-29 years. Households in Armadale are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Armadale work in a trades occupation. In 2011, 57.3% of the homes in Armadale were owner-occupied compared with 54.8% in 2016.

Armadale has 7,225 properties. Over the last 5 years, Houses in Armadale have seen a 154.40% increase in median value, while Units have seen a 135.21% increase. As at 31 August 2024:

  • The median value for Houses in Armadale is $561,198 while the median value for Units is $450,014.
  • Houses have a median rent of $550 while Units have a median rent of $498.
There are currently 76 properties listed for sale, and 23 properties listed for rent in Armadale on OnTheHouse. According to CoreLogic's data, 573 properties were sold in the past 12 months in Armadale.

Suburb Insights for Armadale 6112

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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.