492 Stirling HighwayPeppermint Grove WA 6011
Property Details for 492 Stirling Hwy, Peppermint Grove
Last Listing description (August 2008)
RARE OPPORTUNITY
492-494 STIRLING HIGHWAY REPRESENTS A UNIQUE OPPORTUNITY TO SECURE A FULLY LEASED RETAIL INVESTMENT WHICH IS SITUATED IN SOUGHT AFTER LOCATION IN PEPPERMINT GROVE.
THIS RARE OPPORTUNITY PROVIDES THE FOLLOWING LEASE DETAILS:
• LAND AREA: 283 SQM
• RENTAL PER ANNUM: $22,890.48 PA PLUS GST (CALCULATED AT $190.75 PER SQM) WITH A MARKET REVIEW NOW DUE TO BE IMPLEMENTED
• LEASE TERM: 5 YEARS COMMENCING 1 FEBRUARY 2004
• LEASE EXPIRY: 31 JANUARY 2009
• FURTHER OPTION TERMS: 5 YEARS COMMENCING 1 FEBRUARY 2009 AND EXPIRING 31 JANUARY 2014
• ZONING: COMMERCIAL
Property History for 492 Stirling Hwy, Peppermint Grove, WA 6011
- 13 Sep 2018Sold for $560,000
- 07 May 2008Listed for Sale Not Disclosed
- 12 Oct 1993Sold for $550,000
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About Peppermint Grove 6011
The size of Peppermint Grove is approximately 1.1 square kilometres. It has 4 parks covering nearly 11.4% of total area. The population of Peppermint Grove in 2011 was 1,528 people. By 2016 the population was 1,634 showing a population growth of 6.9% in the area during that time. The predominant age group in Peppermint Grove is 10-19 years. Households in Peppermint Grove are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Peppermint Grove work in a professional occupation. In 2011, 75.4% of the homes in Peppermint Grove were owner-occupied compared with 72.3% in 2016.
Peppermint Grove has 707 properties. Over the last 5 years, Houses in Peppermint Grove have seen a 53.91% increase in median value, while Units have seen a 49.50% increase. As at 31 August 2024:
- The median value for Houses in Peppermint Grove is $3,434,999 while the median value for Units is $688,151.
- Houses have a median rent of $1,650 while Units have a median rent of $563.
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