40/5-15 Sharpe Avenue, Karratha, WA 6714 sold on 23 July 2025 | OnTheHouse
SOLD
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Sold on 23 Jul 2025 for $490,000

40/5-15 Sharpe Avenue
Karratha WA 6714

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 137m2
Land area: 163m2
Sold By
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Realmark Pilbara
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Property Details for 40/5-15 Sharpe Ave, Karratha

Building Type
Commercial
Year Built
2002
Floor Size
137m2
Land Size
163m2
Local Government
Karratha
Lot/Plan
40/S036427

Last Listing description (October 2025)

An amazing opportunity presents itself which has multiple options for an owner occupier or an investor to operate their own business or have multiple tenancies to increase returns from your investment.Location is the key for these units, fronting Karratha Tce and smack bang in the middle of the CBD these types of retail / office space are highly sought after and don't often come to the market.Situated in the ever popular Karratha Village these with plenty of parkingand stunning garden areas the village is one of the premier business areas in the Karratha CBD.We are pleased to offer this 205 m2 office / retail space situated in a prime position with major frontage as you enter the Karratha Village and is situated directly opposite the busy two level Karratha Business Centre.This site has previously operated in it's entirety as the Bushlolly Cafe however this is a two unit site with the main cafe being in Unit 39 which is 68 m2 and the preparation and storage areas being in Unit 40 which is an L-shaped 137 m2 unit.This unique opportunity allows for the unlimited scenarios that may include:1.Occupy the fully fitted and equipped cafe and then either extend the cafe by using both units or lease part of the 205 m2 and off set costs for your cafe.2.Remove the cafe and utilize the 205 m2 office / retail space for your business.3.Invest in both sites and have the ability to either lease the entire site to one entity or potentially divide the units into 3 tenancies to derisk the investment with smaller tenancies available.4.Use the fully fitted and equipped cafe to offer hospitality courses from the site, perfect for a local Aboriginal Corporation to enhance the skills and employment prospects of their clients.With high profile glass frontages, double entry doors and a strategic location offering strong branding opportunities these units a rare gem in this tightly held complex.Other notable tenants in this complex are Westpac, Karratha Medical Centre, Ray White, 777 Pharmacy, Ngarluma Aboriginal Corporation and the Labor electorate office.With a booming resource sector and tightly held commercial market the future is bright for Karratha, now is the time to think out of the square, start that dream cafe or invest in a property that will provide plenty of options well into the future.For further information or inspections call Dave Rowe on 0400 313 566.Being sold at the direction of the Liquidators of Bushlolly Enterprises Pty Ltd (In Liquidation).

Property History for 40/5-15 Sharpe Ave, Karratha, WA 6714

A timeline of how this property has performed in the market
Last Sold
$490,000
23 Jul 2025
  • 23 Jul 2025
    Sold for $490,000
  • 04 Apr 2025
    Sold for $539,000
  • 13 Mar 2025
    Listed for Sale Offers Above $475,000 plus GST
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About Karratha 6714

The size of Karratha is approximately 0.5 square kilometres. The population of Karratha in 2016 was 81 people. By 2021 the population was 98 showing a population growth of 21.0% in the area during that time. The predominant age group in Karratha is 20-29 years. Households in Karratha are primarily childless couples and are likely to be repaying $800 - $999 per month on mortgage repayments. In general, people in Karratha work in a professional occupation.In 2021, 0.00% of the homes in Karratha were owner-occupied compared with 0.00% in 2016.

Karratha has 432 properties. Over the last 5 years, Houses in Karratha have seen a 21.46% increase in median value, while Units have seen a 67.15% increase. As at 31 October 2025:

  • The median value for Houses in Karratha is $448,060 while the median value for Units is $385,924.
  • Units have a median rent of $620.
There are currently 6 properties listed for sale, and 2 properties listed for rent in Karratha on OnTheHouse. According to Cotality's data, 16 properties were sold in the past 12 months in Karratha.

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.