The latest research from Chatswood Cityscope shows that commercial property sales in the areas covered by it have decreased dramatically in total sales value (mainly due to the transaction of the Zenith Centre in the June 2019 quarter). For the quarter to September 2019 there were 17 sales at a total sales value of $97.4 million, compared to the 15 sales at a total value of $455.8 million for the previous quarter. The yearly figures have decreased, with 73 sales at a total value of $962.8 million for the twelve months to September 2019, compared to the 89 sales at a total value of $1.174 billion for the previous year.
The table below shows sales recorded for the past eight updates of Chatswood Cityscope:
Notable sales in the September 2019 update of Chatswood Cityscope include:
- Vacant land at 3 Broadcast Way, Artarmon
With current development approval for the construction of a high technology industrial building for use as a purpose built data centre, which was bought for $29 million through GJS Property and Knight Frank North Sydney;
- A 2-storey motor showroom at 395 Pacific Highway, Artarmon
Completed in mid 2005 on a site area of 1,157 sqm, which was bought for $16 million and
- 60-64 Dickson Avenue, Artarmon
A 4-storey childcare centre for 149 children, built above the ground floor car parking for 30 vehicles on a site area of 1,056 sqm, which was bought for $14.8 million through Peritus Childcare Sales. The sale represented an initial yield of 7.00% on passing income of $1,036,000.
Properties listed as for sale in the September 2019 update of Chatswood Cityscope include:
- 845 Pacific Highway, Chatswood
A 7-storey building with one level of basement parking for 55 cars; completed in 1985 with a building area of 4,329 sqm on a site area of 2,074 sqm, which is available with expectations of about $60 million through Colliers International - Sydney;
- 146 Sailors Bay Road, Northbridge
A 160 sqm, two-storey building with rear parking for 6 cars on a block of 234 sqm, which is available through Richardson & Wrench North Sydney and
- Lot 36 at the Technopark at 6 Herbert Street, St Leonards
An industrial/commercial unit comprising a 154-sqm area on the ground level, a 170-sqm area on level 1 and 48 sqm of parking in the basement, which is for sale with an asking price of $1.98 million through Sutton Anderson.
Leasing opportunities listed in the September 2019 update of Chatswood Cityscope include:
- A development at 12 Frederick Street, Artarmon
A private hospital comprising 128 beds, operating theatres, an emergency department, associated medical support services and accommodation for hospital works, which has medical space ranging from 100 to 2,200 sqm available for pre-lease through Colliers International North Sydney and Dexus;
- 20 Herbert Street, Artarmon
A three-storey rendered brick industrial/commercial building with a loading dock to Herbert Street and another to Cleg Street plus a warehouse with a parking area for around eight vehicles to the rear, which has office/warehouse space ranging from 801 to 2,255 sqm for lease available through Colliers International Sydney West and
- Tower 2, 475 Victoria Avenue, Chatswood
A 13-storey office tower with a single level retail plaza area and three levels of basement parking, which has office space of 400 to 1,600 sqm available through Knight Frank North Sydney.