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Sold on 20 Jun 2017

20 Sharpe Avenue Karratha WA 6714

  • Offices
  • 6,100 m²
  • Sold

STRIKING NEW OFFICE BUILDING THE QUARTER HQ

  • 6,100sqm* 4 storey building.
  • Located in heart of Karratha township.
  • 12.1 year WALE (by income on occupancy).

The Quarter HQ is a modern four storey commercial building completed in 2016. It comprises ground floor retail and three upper office floor plates designed to accommodate either large single tenancies or multiple smaller tenancies.

Whole 2nd floor (1,809sqm) leased to the Minister of Works for a 15-year term.
Blue Chip tenants include WA State Government, KPMG and potential 'confidential tenant' plus other significant long term leases to local ground floor retailers.
12.1 year estimated WALE (by income on occupancy).
Forecast Net Income (at 1 June 2017) of $1,090,619pa* with 3-4% annual rental increases.
Building expected to be more than 50% leased at settlement with tremendous potential to attract additional tenants to the building.
Building completed in April 2016 providing significant depreciation benefits.
Climate responsive, sustainable design providing solutions to ease the climatic conditions of the region.
Sale includes 116 car bays within adjacent 289 car bay strata building.
$1.7billion worth of state funded infrastructure and redevelopment, completed, underway or planned in the Pilbara including current developments: $200m Karratha Health Campus & $55M Cultural Precinct in Karratha.

CBRE (C) Pty Ltd (ACN 003 205 552) are acting on behalf of lead agent Mirvac Real Estate Pty Ltd (ACN 003 342 452)

*approx

Ben Younger
CBRE Perth
Ben Younger
CBRE Perth

Property Highlights

Property ID2013460399
Date Sold20 Jun 2017
Floor Area6,100 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Category
Last updated  5 Jul 2021
Map for 20 Sharpe Avenue Karratha WA 6714
Map for 20 Sharpe Avenue Karratha WA 671420 Sharpe Avenue Karratha WA 6714
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  • Purchase price

    $
    1,234,567

  • Deposit available

    $
    123,456

  • Loan term

    30
    years

  • Interest rate

    3.00
    %

repayments

$0/month*

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Ben Younger
CBRE Perth
Ben Younger
CBRE Perth

Property Highlights

Property ID2013460399
Date Sold20 Jun 2017
Floor Area6,100 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Category
Last updated  5 Jul 2021
CBRE Perth
Level 25, Qv1, 250 St Georges Terrace Perth WA 6000
Ben Younger
CBRE Perth
Ben Younger
CBRE Perth

Ask Ben Younger about this property

Ben Younger

Ben Younger

CBRE Perth

0410 *** ***
0410 533 679

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