Lot 183 & 184, 26 Sharpe Avenue, Karratha Western Australia are adjoining commercial strata units contained within a large-scale mixed-use development known as Pelago East constructed in 2013. Pelago East comprises of 174 apartments and 14 commercial units and is across the road to Pelago West, being part of the same development project, which comprises of 114 apartments and 8 commercial units completed in 2012. The two developments are now the centre of the Karratha town centre and are two prominent buildings presenting very well.
| Sales Analysis | |
| Sale Price | $1,500,000 |
| Sale Date | Feb 2023 |
| NLA Area | 225sqm |
| Yield – passing | 7.02% |
| Price/NLA | $6,666/m2 |
| Vendor | Finbar |
| Purchaser | Private |
| Sales Process | Private Treaty |
Jurien Bay Shopping Centre, 220 km north of the Perth CBD, has been bought by a local private investor for $8,950,000 reflecting an initial yield of 7.04 per cent on net passing income at the time of sale. The IGA anchored neighbourhood centre includes eight specialty shops on a 5,853sqm … Read more
A rare near-central development opportunity in Mandurah has been brought to market, with RWC WA launching an Expressions of Interest campaign for the vacant development site at Lot 402 Barracks Lane, Mandurah WA. Located within the Peel region, the 2,918sqm Strategic Centre–zoned landholding is one of the last remaining development … Read more