CBRE are offering for sale this functional industrial property strategically located in Karratha's established Light Industrial Estate subject to a short term Lease. The property is ideally suited to either an owner occupier looking to utilise the existing improvements or an investor/developer looking to accommodate a tenant once the current Lease expires.
The property is available for sale via an 'Offers to Purchase' campaign.
The key characteristics of the property include, but are not linimted to:
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:
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