The latest research from Burke Road Cityscope shows sales value has decreased in the quarter to May 2019. In this latest quarter, there were 4 sales at a total value of $7.4 million, compared to the 6 sales at a total value of $9.9 million in the previous quarter.
This quarter brings the 12-month total to $30.5 million of 19 sales, a decrease compared to the 27 sales at a total value of $114.1 million over the previous year.
The table below shows sales recorded for the past eight updates of Burke Road Cityscope.
Notable sales in the May 2019 update of Burke Road Cityscope include:
- 509-513 Riversdale Road, Camberwell
A single-storey building containing one single and one double shop and part two-storey to Market Place. Constructed in 1924 and extensively refurbished since then. There is parking for two cars at the rear, which was bought for $4.65 million; and
- 849 Burke Road, Camberwell
A two-storey brick Victorian terrace building with a shop to Burke Road with car parking for 2 to 3 vehicles accessed from the rear lane, which was bought for $1.675 million.
Properties for sale in the May 2019 update of Burke Road Cityscope include:
- 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 is for sale by auction through Fitzroys; and
- 389 Camberwell Road, Camberwell
A single-storey brick shop constructed in 1924 on a 69 sqm block which the building occupies the whole site, which is for sale through Fitzroys.
Leasing opportunities listed in the May 2019 update of Burke Road Cityscope include:
- Qantas House at 2-6 Railway Parade, Camberwell
A four-storey office building with parking for 148 cars over three and a half basement levels, which has office space of 896 sqm available through Premier Commercial;
- Burke Plaza at 658 Burke Road, Camberwell
A 2-storey retail building divided into three showrooms, which has retail space of 314 sqm available through Knight Frank – Eastern Office; and
- 683 Burke Road, Hawthorn East
A five-storey office block with parking for 20 cars on the lower ground floor, which has office space of 340 sqm available through GormanKelly.