LandCorp re­leases CBD prop­er­ties

Pilbara News - - News - Tom Zaun­mayr

com­mer­cial land in Kar­ratha’s CBD has been opened up by LandCorp for de­vel­op­ment.

The two prop­er­ties, a 2604sqm lot on Bal­moral Road and a strata unit on Warambie Road, have come on to the mar­ket at ask­ing prices of $1.3 mil­lion and $682,000, re­spec­tively.

Ray White Kar­ratha man­ag­ing di­rec­tor Richard Naulls said there had al­ready been in­ter­est in both sites.

“There have been a lot more sales ac­tiv­ity in com­mer­cial and res­i­den­tial due to af­ford­able prices now, as well as more in­ter­est from a rental point of view,” he said.

LandCorp chief ex­ec­u­tive Frank Marra said both sites were highly vis­i­ble and ac­ces­si­ble.

“The re­cent com­ple­tion of the con­nec­tion of Kar­ratha Ter­race to Bal­moral Road has opened up an ex­cit­ing com­mer­cial land op­por­tu­ram­bie nity for a new busi­ness or ex­ist­ing com­pany that wants to build premises in the heart of the city,” he said.

“The ser­viced re­tail/com­mer­cial site has frontage to three roads and has sig­nif­i­cant pass­ing traf­fic.

“Sim­i­larly, the strata unit on WaMore Road is ideally lo­cated and of­fers 292sqm of open ware­house space which fronts on to the ex­tended Kar­ratha Ter­race.”

Mr Marra said the achieve­ment of mile­stones such as the ex­ten­sion of Kar­ratha Ter­race was al­ready pay­ing div­i­dends to sup­port Kar­ratha’s eco­nomic growth.

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