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 |
A 461.56sqm development site at Mount Hawthorn has hit the market, offering developers a shovel-ready opportunity to bypass Perth’s lengthy planning pipeline. Marketed by Brett Wilkins and Stephen Harrison of RWC WA Capital Markets on behalf of a local private developer, 177 Scarborough Beach Road, comes with approval for a six-storey mixed-use project. The approval … […]
In a market where prime industrial land is almost exclusively locked up in private hands, a 2.43ha Bibra Lakes site has been brought to market. The 24,281sqm property at 45 Wellard Street, has changed owners only once in more than 35 years. And both times, it happened behind closed doors. Now, after 13 years of … […]