20 Sharpe Avenue,
Karratha, WA 6714

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