The latest research from Chatswood Cityscope shows that commercial property sales in the areas covered by it have increased dramatically in total sales value, due to the transaction of the Zenith Centre. For the quarter to June 2019 there were 15 sales at a total sales value of $455.8 million, compared to the 17 sales at a total value of $28.2 million for the previous quarter. The yearly figures have decreased, with 77 sales at a total value of $1.04 billion for the twelve months to June 2019, compared to the 98 sales at a total value of $1.066 billion for the previous year.
The table below shows sales recorded for the past eight updates of Chatswood Cityscope:
Notable sales in the June 2019 update of Chatswood Cityscope include:
- Zenith Centre comprising Tower A and Tower B at 821 Pacific Highway, Chatswood
A twin tower of 21-storey, A-grade office complex, completed in 1987. The complex includes the Zenith Theatre, a 250-seat community theatre to McIntosh Street. The two towers are connected by a pavilion, and there are five levels of basement parking for 818 cars. Total net lettable area of the complex is 44,300 sqm, with office space of 43,400 sqm and retail space of 900 sqm, which were bought for $438.2 million;
- Lot 33 at Sailors Bay Apartments at 58-68 Strathallen Avenue, Northbridge
A 396 sqm commercial space on the ground level plus a total of seven car spaces on the upper basement and a 10 sqm storage on the lower basement, which was bought for $2.65 million and
- 6 Carlotta Street, Artarmon
A single-storey brick building with a single-storey brick workshop to the rear on a 809 sqm block, which was bought for $2.37 million.
Properties listed as for sale in the June 2019 update of Chatswood Cityscope include:
- 394 Victoria Avenue, Chatswood
A two-storey retail building on a site of 221 sqm, which is available through Shead Property;
- Unit 4 at the MicroChannel Building at 401 Pacific Highway, Artarmon
A 151 sqm commercial suite on the ground floor plus three car spaces, which is available through Colliers International North Sydney and
- Lot 3 at the Technopark at 6 Herbert Street, St Leonards
An industrial/commercial unit comprising 125 sqm on the ground level, 120 sqm on level one and 42 sqm parking space in the basement, which is available through Sutton Anderson.
Leasing opportunities listed in the June 2019 update of Chatswood Cityscope include:
- Solitaire at 12 Help Street, Chatswood
A 14-storey office building with three levels of basement parking for 193 cars, which has office space ranging from 167 sqm to 1,547 sqm available through Cadigal Office Leasing and JLL North Sydney;
- Mandarin Centre at 65 Albert Avenue, Chatswood
A five-level retail/leisure building, comprises club premises on the top two floors and a rooftop sports club, an eight-screen Hoyts cinema on one floor, an Asian and international food court, 26 shops and a bowling alley, which has retail space ranging from 30 to 300 sqm available through JLL Sydney and
- 407 Pacific Highway, Chatswood
A four-storey building and a five-storey building, completed late 1986. The twin towers are connected by a glass pergola. The north tower consists of 5 floors plus two basement levels of parking. The south tower incorporates 4 office floors plus two basement levels of parking, which has office space ranging from 254 to 1,040 sqm available through Hartigan Bolt.