9 Leased Investments | Karratha CBD Strata Portfolio | Attractive Net Returns
9 leased & 2 vacant ground-floor strata tenancies across Karratha's 2 landmark towers.
Offered in one line or lot-by-lot. Government, engineering and hospitality covenants on a 2.9-year WALE, in a market running 1.7% unemployment and 0.2% residential vacancy.
PELAGO WEST - 23 SHARPE AVENUE
• Lot 115 | 130sqm + 8sqm alfresco | Price on application | Vacant - bare shell
• Lot 116 | 134sqm + 14sqm alfresco | $852,760 | Federal Government (Ministerial & Parliamentary Services)
• Lot 121 | 126sqm + 37sqm alfresco | $710,700 | WA Government (Department of the Premier and Cabinet)
PELAGO EAST - 26 SHARPE AVENUE
• Lot 175 | 120sqm + 13sqm alfresco | $710,700 | Legal Aid WA
• Lot 178 | 110sqm + 11sqm alfresco | $655,950 | Stadium 26 (Under Offer August 2026)
• Lot 179 | 352sqm + 60sqm alfresco | $2,256,225 | Stadium 26
• Lot 181 | 85sqm + 21sqm alfresco | $552,500 | Vacant - bare shell
• Lot 185 | 114sqm + 22sqm alfresco | $675,216 | Monson Agencies
• Lot 186 | 106sqm + 20sqm alfresco | $942,948 | GHD Services
• Lots 187 & 188 | 205sqm + 32sqm alfresco | $1,179,650 | School of Alternative Learning Settings (WA Dept of Education)
Property Overview
Pelago is Karratha's landmark mixed-use precinct.
It is 2 towers on the Sharpe Avenue developed by ASX-listed Finbar Group.
Completed in 2012 as the first high-rise ever built in the Pilbara.
Pelago West (23 Sharpe Avenue):
9 storeys, 114 apartments, ground-floor commercial podium, 25m pool, gym, sauna, spa, games room and secure undercover parking.
Pelago East (26 Sharpe Avenue):
174 apartments over Karratha's central hospitality strip, with Stadium 26, Burgermuma and Dessie O'Dowds at ground level.
Key Distances:
• Karratha City Shopping Centre is a 2 min walk.
• Red Earth Arts Precinct - a 478-seat auditorium, cinema, library and gallery is 4 mins on foot.
• Karratha Health Campus is 3 minutes by car.
• Karratha Airport, with direct jet services to Perth, is 12 mins away by car.
Karratha Economy
Karratha is the commercial and administrative capital of the Pilbara, servicing the iron ore, LNG and emerging green energy operations of Rio Tinto, Woodside, Yara and Perdaman.
• Unemployment: 1.7% (Sept 2025) vs 3.3% across the rest of WA
• Average taxable income: $116,777 - approximately 44% above the WA average
• Workforce participation: 72.9% vs 59.4% rest of WA
• Residential vacancy: 0.2% (June 2025) vs REIA's 3.0% healthy benchmark
• Population: ~19,129 (Nov 2025), up 12.4% since 2021
• Under construction: $6.5bn Perdaman urea project, $200m Dampier Wharf extension, $120m Bayview redevelopment
• Committed: 305 Government Regional Officer Housing homes by 2030, co-funded by Rio Tinto ($100m), BHP ($50m) and Hancock ($20m)
For more information, contact the Agent:
Brett Wilkins
RWC (WA)
0478 611 168
[email protected]
Richard Naulls
Ray White Karratha
0438 852 444
[email protected]
*Approximately
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