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20 Sharpe Avenue
Karratha WA 6714
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Sold on 27 Apr 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

CBRE Perth
CBRE Perth
Level 25/250 St Georges Terrace
Perth, WA 6000

Property Highlights

Date Sold27 Apr 2017
Floor Area6,100 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Property ID2013460399
Category
Last updated  5 Jul 2021
Map for 20 Sharpe Avenue Karratha WA 6714

Nearest transport* to 20 Sharpe Avenue Karratha WA 6714

Bus
Warambie Rd Before Fenwick Rd326 m
Access Rd Karratha City Shopping Centre387 m
Access Rd Frank Butler Center2.1 km
Leisureplex Access Rd Karratha Leisureplex2.4 km
Data source: Transperth. This data is available free of charge fromwww.transperth.wa.gov.au.
*Within a 4km radius
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CBRE Perth
CBRE Perth
Level 25/250 St Georges Terrace
Perth, WA 6000

Property Highlights

Date Sold27 Apr 2017
Floor Area6,100 m²
Land AreaAsk Agent
EnergyAsk Agent
ParkingOn site parking available
Property ID2013460399
Category
Last updated  5 Jul 2021

Listed by

CBRE Perth
Call
08 93200000

More about 20 Sharpe Avenue Karratha WA 6714

20 Sharpe Avenue Karratha WA 6714 is categorized as Office. It has a floor area of 6,100 m². The listing ID for this property is 2013460399.

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