Approved Port Coogee SDA project offered for sale
A boutique coastal development site within Port Coogee’s marina precinct has been listed for sale.
Case Studies
Lots 183 & 184, 26 Sharpe Avenue, Karratha, Western Australia
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.
- 225sqm* total strata area
- Passing rent: $105,319pa
- Leased to Australian Broadcasting Commission
- 5 year lease commenced 1 Nov 2021
| 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 |
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