A business case will be developed for council to consider selling the Quarter HQ.
The City purchased The Quarter HQ in 2017 for $20m and it has provided an annual return-on-investment of 9 per cent.
The most recent valuation of the property in March 2025 came in at $37 million, prompting further analysis of the financial status of the investment.
A business case will now be prepared and presented to council on October 27 analysing the outcomes of selling The Quarter.
This business case will then be advertised for public comment.
City of Karratha Mayor Daniel Scott said the development of a business plan would explore how the investment was tracking after eight years.
“Our investment in the Quarter HQ has provided revenue that has been used to support the general operations of the City,” Cr Scott said.
“However, based on the latest property valuation, there is an opportunity for Council to explore selling the property.
“This would allow the City to reinvest the revenue into our Strategic Reserves, reducing the amount of ratepayer revenue needed to maintain and develop our community infrastructure.
“Council is yet to make a decision on this, and a business case will allow us to fully explore all options available to us.”
A business case will be presented to Council at the October meeting and then made available for public feedback.