13 Warambie Road, Karratha WA 6714

8.9% net return in the centre of the economic power house of Australia

Fuelled by a thriving resources sector and high commodity prices, Karratha is the nation's powerhouse of economic growth since the turn of this century.

13 Warambie Road, Karratha is an opportunity for an investor to purchase a leased investment in Central Karratha; the economic powerhouse of Australia. The property generates strong income with future redevelopment potential.

For Sale as a going concern at $1,750,000 giving you 8.9% net return.

It is strategically located nearby the city's main residential and mixed use development being; Pelago East and Pelago West, offering tenants site exposure along Warambie Road.

• Karratha City Shopping Centre
• Karratha Medical Centre
• IBIS Styles Karratha
• Karratha Central Apartments
• Karratha International Hotel

Lease: Karratha Batteries Boats and Caravans
NLA: 264sqm*
Commencement: Seven days prior to settlement date of the sale of the premises
Term: Five years
Optional term: Five years
Annual rent (net): $155,855pa plus GST and outgoings
Rental reviews: Fixed 3.5% review annually
Outgoings: All outgoings are payable by tenant

The property had two previously approved DA's for the construction of multiple dwellings. Details are available on request.

For further information or to arrange an inspection please contact:

Brett Wilkins
RWC WA
T: 08 6253 5222
M: 0478 611 168
E: [email protected]

Richard Naulls
Ray White Karratha
T: 08 9185 2444
M: 0438 852 444
E: [email protected]

*approximately