The latest research from Burke Road Cityscope shows sales value remained stable in the quarter to August 2019. In this latest quarter, there were 3 sales at a total value of $7.4 million, compared to the 4 sales at a total value of $7.4 million in the previous quarter.
This quarter brings the 12-month total to $32 million of 16 sales, a decrease compared to the 19 sales at a total value of $85.5 million over the previous year.
The table below shows sales recorded for the past eight updates of Burke Road Cityscope.
Notable sales in the August 2019 update of Burke Road Cityscope include:
- 755 Burke Road, Camberwell
A two-storey building with ground floor retail, originally part of the Fulton's Buildings constructed 1935 which was demolished with the facade retained and integrated into the new development completed in mid-2013 with a building area of 370 sqm, which was bought for $5.05 million; and
- 947 Burke Road, Camberwell
An older 2-storey building with a ground floor shop and residential space on the upper level with a gross building area of 252 sqm, which was bought for $1.72 million.
Properties for sale in the August 2019 update of Burke Road Cityscope include:
- 620-624 Burke Road, Camberwell
Two shop buildings, constructed in 1929 and completely rebuilt and combined in 1996. The new 3-storey structure consists of a retail level to Burke Road (which is the basement level to the higher Market Lane) and on the Market Lane level, a retail area (to Market Lane) and a medical clinic (to first storey, Burke Road), which is for sale by expressions of interest through CBRE - Melbourne and
- 543 Riversdale Road, Camberwell
A single-storey brick shop building constructed in 1925 as the UFS Dispensary, refurbished late 1992 and again in 1998 with building area of 101 sqm plus parking for two to three cars in a paved rear yard, which is for sale through Gorman Commercial.
Leasing opportunities listed in the August 2019 update of Burke Road Cityscope include:
- 696 Burke Road, Camberwell
A single-storey brick shop building constructed in 1954 with building area of 160 sqm, available for lease through Gorman Commercial and
- 555 Riversdale Road, Camberwell
A 3-storey commercial and retail building comprising 4 retail units, 2 commercial units and 18 car spaces on the first level, completed in January 2004, which two retail shops of 59 sqm and 104 sqm available through Knight Frank – Eastern Office.