OFF MARKET

1062 Mooligunn Road
Karratha Industrial Estate WA 6714

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 16143m2
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Property Details for 1062 Mooligunn Rd, Karratha Industrial Estate

Building Type
Commercial
Year Built
2009
Land Size
16143m2
Local Government
Karratha
Lot/Plan
1062/P211744

Last Listing description (July 2023)

Ray White Commercial (WA) and Ray White Karratha are delighted to offer for Sale by Expressions of Interest, Karratha Village which offers a rare opportunity for investors to acquire a high yielding workers accommodation property.
Located just five kilometres from the centre of town, Karratha Village is situated within a small transient workers precinct with Karratha Light Industrial Estate and bound by Mooligunn Road to the north, Cherratta Road to the south and Orkney Road to the west. The precinct includes the Karratha Army Barracks and a number of established short stay accommodation villages such as Velocity Village, Motel and Bistro; Karratha Lodge; and Cherratta Lodge.

The Karratha airport is located on the outskirts of the town, some 8 kilometres south east of the town centre and some 11 kilometres north west of the property which offers convenience and easy access to the "Fly-In Fly-Out' workforce that stay at the property.

Karratha Village comprises a 16,137 sqm freehold site zoned "Transient Workforce Accommodation".

The property has been developed to operate as a workers accommodation village incorporating;

67 prefabricated chalet style accommodation units
Accommodation comprises one and two bedroom units consisting of the following;

47 x Two Bedroom, Two Bathroom Units - 94 beds
10 x Two Bedroom, One Bathroom Units - 94 beds
10 x One Bedroom, One Bathroom Units 94 beds
Total 67 units - 124 beds

Other improvements include;
A cyclone shelter/community centre
Parking for 134 vehicles.
Bus Bay

Karratha Village is privately owned by a Perth based syndicate and managed with a full-time on-site Manager.

Expressions of Interest closing Monday, 29th May 2023 at 4pm (WST).

For further information or to arrange an inspection please contact:

Phil Zoiti
Ray White Commercial (WA)
M: 0419 93 656
E: phil.zoiti@raywhite.com

Brett Wilkins
Ray White Commercial (WA)
M: 0478 611 168
E: brett.wilkins@raywhite.com

Richard Naulls
Ray White Karratha
M: 0438 852 444
E: Richard.naulls@raywhite.com

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Property History for 1062 Mooligunn Rd, Karratha Industrial Estate, WA 6714

A timeline of how this property has performed in the market
Last Sold
$1,760,000
23 Jun 2023
Listed for Rent
$550/w
15 May 2015
  • 23 Jun 2023
    Sold for $1,760,000
  • 12 Apr 2023
    Listed for Sale EOI closing Monday, 29th May 2023 at 4pm
  • 06 Dec 2014
    Listed for Rent $550 / week
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About Karratha Industrial Estate 6714

The size of Karratha Industrial Estate is approximately 11.8 square kilometres. The population of Karratha Industrial Estate in 2011 was 506 people. By 2016 the population was 198 showing a population decline of 60.9% in the area during that time. The predominant age group in Karratha Industrial Estate is 30-39 years. Households in Karratha Industrial Estate are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Karratha Industrial Estate work in a trades occupation. In 2006, 12.5% of the homes in Karratha Industrial Estate were owner-occupied compared with 34.4% in 2011..

Karratha Industrial Estate has 513 properties. Over the last 5 years, Houses in Karratha Industrial Estate have seen a -46.44% decrease in median value, while Units have seen a 17.78% increase. As at 30 November 2024:

  • The median value for Houses in Karratha Industrial Estate is $155,455 while the median value for Units is $332,883.
There are currently 2 properties listed for sale, and 3 properties listed for rent in Karratha industrial estate on OnTheHouse. According to CoreLogic's data, 19 properties were sold in the past 12 months in Karratha industrial estate.

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