The latest research from Canberra Cityscope shows property sales have increased in the past three months.
Sales recorded in the quarter to March 2019 totalled $44.5 million, an increase from the $35 million recorded in the three months to December 2018.
The data brings the 12-month total to $361.9 million, a decrease from the $565.6 million recorded the same time last year.
The table below shows sales recorded for the past eight updates of Canberra Cityscope.
Notable sales in the March 2019 update of Canberra Cityscope include:
- 17 Moore Street, City
A seven-storey office building with three levels of basement parking for 77 cars and a net lettable area of 6,291 sqm; built in 1987, which was sold for $20.65 million;
- Northpoint Plaza at 8 Chandler Street, Belconnen
A three-storey building with basement parking for 55 cars and a net lettable area of 4,392 sqm; built in 1987, which was sold for $7 million and
- Unit 2 at 108 Emu Bank, Belconnen
A 600 sqm single-storey retail unit in a two-unit building, completed in 1994, which was sold for $2.51 million.
Properties listed as for sale in the March 2019 update of Canberra Cityscope include:
- Mantra MacArthur Hotel at 219 Northbourne Avenue, Turner
4-star hotel comprising 136 studios and 40 one and two bedroom apartments. The hotel was converted from the former Northbourne House, a 10-storey office tower and includes a restaurant, bar, conference rooms, gym and a two-level underground car park for 65 vehicles and on grade parking, which is for sale through JLL Canberra, Savills Canberra, Savills Sydney and JLL Hotels;
- Optus Centre at 10 Moore Street, City
A six-storey office and showroom building with a net lettable office area of 7,009 sqm and basement parking, which is for sale through Colliers International Canberra and JLL Canberra and
- Three retail units in Mode3Braddon at 22 Lonsdale Street, Braddon
Lot 137, a 143 sqm retail unit on the ground level and 27sqm on basement level one; Lot 138, a 148 sqm retail unit on the ground level and 29 sqm on basement level one and Lot 142, a 54 sqm retail unit on ground level and 21 sqm on basement level one, are for auction in April through Capital Commercial Business Sales.
Leasing opportunities in the March 2019 update of Canberra Cityscope include:
- 51 Allara Street, City
A seven-storey office building with basement parking for 163 cars, which has office space ranging from 500 sqm to 3,984 sqm available through Colliers International Canberra;
- Alan Woods Building at 25 Constitution Avenue, City
A seven-storey office building with basement parking for 178 cars, built in 1988, which has office space ranging from 875 sqm to 7,200 sqm available through Knight Frank Canberra and JLL Canberra and
- Future office space in the CQ Canberra development at 68 Northbourne Avenue, City
A 12-storey commercial building comprising ground floor retail, mezzanine office and 11 floors of commercial space with a net lettable area of 18,000 sqm, which has office space ranging from 214 sqm to 14,415 sqm for pre-lease through Colliers International Canberra.