The latest research from Chapel Street Cityscope shows that commercial property sales value have increased in the past three months.
Sales recorded in the quarter to May 2019 totalled $4.1 million from 2 sales, an increase from the $3.1 million from 2 sales in the three months to February 2019 and a large decrease compared with the $34.1 million from 9 sales in the three months to November 2018.
This data brings the 12 month total to $113.1 million from 29 sales, an increase from the previous twelve month total of $69.8 million from 32 sales.
The table below shows sales recorded for the past eight updates of Chapel Street Cityscope:
Notable sales recorded in the May 2019 update of Chapel Street Cityscope include:
- 473 Chapel Street, South Yarra
A two-storey brick retail building to Chapel Street, with a single-storey section to the rear of the property and parking for one car on paved land, which was bought for $3.2 million and
- Suite 13, South Yarra Corporate Centre at 209 Chapel Street, South Yarra
An office suite of 102 sqm on level two with four car spaces, which sold for $918,500.
Properties listed as for sale in the May 2019 update of Chapel Street Cityscope include:
- 49 Toorak Road, South Yarra
A two-storey brick retail building with a 104 sqm floor area on a 56 sqm site, which is for sale through LINQ Property and
- Unit 2 at 457 Chapel Street, South Yarra
A retail space of 55 sqm on ground level with one car space, available through TeskaCarson.
Leasing opportunities listed in the May 2019 update of Chapel Street Cityscope include:
- 409A Chapel Street, South Yarra
A two-storey retail building with a yard to the rear and parking for one car on paved land. Originally part of a terrace row, built 1910, which has retail and office space of 75 to 150 sqm for lease;
- 143-145 Greville Street, Prahran
A two-storey retail building originally part of Ann's Terrace built 1886, has retail space of 53 to 90 sqm for lease and
- 259-261 Chapel Street, Prahran
A two-storey building with two shops at street level built 1856 as the Prahran Mechanics' Institute and reconstructed around 1915, has office space of 39 sqm on level 1 and retails space of 128 to 181 sqm for lease;
All available through Fitzroys - Melbourne.