The latest research from Canberra Cityscope shows property sales have increased in the past three months.
Sales recorded in the quarter to June 2019 totalled $380.2 million of 17 sales, a big increase in terms of value from the $44.8 million of 23 sales recorded in the three months to March 2019.
The data brings the 12-month total to $555.7 million, an increase from the $540.8 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 June 2019 update of Canberra Cityscope include:
- Time Square at 16-18 Mort Street, City
A B-Grade seven-storey building, comprising ground floor retail area, six levels of offices and two basement parking levels for 160 cars, completed 1992, with a total net lettable area of 14,506 sqm, which was sold for $108.5 million;
- A half interest in the building at 121 Marcus Clarke Street, City
An 11-storey office building with retail space on the ground plus four levels of basement parking for 618 cars, built mid-2010, with a net lettable area of 26,000 sqm, which was sold for $102.9 million; and
- Finlay Crisp Offices, comprising Nara House at 1-3 Constitution Avenue, City
An eight-storey office building with two levels of basement parking for 80 cars, with a net lettable area of 7,503 sqm; Customs House at 5-11 Constitution Avenue, City, 14-storey office building with two levels of basement parking for 148 cars, with a net lettable office area of 12,098 sqm and Allara House, a nine-storey office building with three levels of basement parking for 81 cars, with a net lettable office area of 8,926 sqm, were sold together for $62 million.
Properties listed as for sale in the June 2019 update of Canberra Cityscope include:
- 27-29 East Row, City
Part of the Sydney Building, built in 1927, comprising two 2-storey buildings with 159 sqm on ground floor and 177 sqm on the first floor, which is for sale through Raine & Horne Commercial Canberra;
- 32 Botany Street, Woden
A two-storey building of 693 sqm with parking to Grenville Court, which is for sale through Civium Property Group; and
- Two commercial suites in Mode3 Braddon are for sale.
The six-level building is located at 22 Lonsdale Street, Braddon, with retail on the ground floor, commercial on the first level and residential on the upper floors plus two levels of basement parking. Lot 122, a 376 sqm office suite on level one and 104 sqm space on basement level one, and Lot 126, a 175 sqm office suite on level one and 43 sqm on basement level one, which are for sale through Laing & Simmons Commercial.
Leasing opportunities in the June 2019 update of Canberra Cityscope include:
- 17 Moore Street, City
A seven-storey office building with three levels of basement parking for 77 cars, built in 1987 and refurbished and upgraded in 2017, which has office space ranging from 45 sqm to 4,807 sqm available through Colliers International Canberra and JLL Canberra;
- 2 Constitution Avenue, City
A two-section 7-storey office building with two levels of basement parking for 203 cars, built in 1986 and refurbished in 2014, which has office space ranging from 326 sqm to 4,988 sqm available through JLL Canberra and Knight Frank; and
- 33 Allara Street, City
An eight-storey commercial building comprising ground level retail space, seven levels of office space and basement parking for 131 cars, which has office space ranging from 650 sqm to 5,189 sqm available through Colliers International Canberra.