The latest research from Macquarie Park Cityscope shows property sales for the three months to November 2018 have decreased from the preceding quarter.

Sales recorded in the quarter ending November 2018 totalled $27.9 million, a decrease from the $53.3 million recorded in the three months to August 2018 and the $55.2 million recorded in the three months to May 2018.

For the year ending November 2018, there were 51 sales at a total value of $254.8 million, compared to 87 sales at a total value of $2.490 billion for the previous year.

The table below shows sales recorded for the past eight updates of Macquarie Park Cityscope.

quarterly sales


Notable sales in the November 2018 update of Macquarie Park Cityscope include:

  • Rhodes Business Centre, 9-11 Blaxland Road, Rhodes, Unit 6, 221 sqm of office space on the second floor and 64 sqm parking in the lower basement; Unit 7, 122 sqm of office space on the second floor and 33 sqm parking in the lower basement; Unit 8, comprising 437 sqm of office space with a 50 sqm balcony on the second floor and 112 sqm parking in the lower basement; Unit 9, 122 sqm of office space on the first floor and 50 sqm parking in the upper basement; Unit 1, 311 sqm of office space on the first floor and 60 sqm parking in the lower basement and 16 sqm parking in the upper basement; Unit 12, 132 sqm of office space on the first floor and 41 sqm parking in the upper basement; Unit 14, 142 sqm of office space on the ground floor and 49 sqm parking in the upper basement; and Unit 15, 179 sqm of office space on the ground floor and 74 sqm parking in the upper basement, sold together for a total of $14.04 million.
  • Lot 8, 6-8 Byfield Street, Macquarie Park, 801 sqm on the ground floor, 192 sqm on the first floor and 20 car spaces and Lot 9, 6-8 Byfield Street, Macquarie Park, 809 sqm on the ground floor, 240 sqm on the first floor and 20 car spaces, bought together for $6.7 million.
  • Unit 13, Rhodes Business Centre, 9-11 Blaxland Road, Rhodes, 187 sqm of office space on the ground floor and 59 sqm of parking in the upper basement and Unit 10, Rhodes Business Centre, 9-11 Blaxland Road, Rhodes, 247 sqm of office space on the first floor and 67 sqm of parking in the upper basement, bought together for $2.96 million.
     
sales chart

 

Properties for sale in Macquarie Park Cityscope in November 2018 include:

  • Macquarie Technology Park at 40 Talavera Road, Macquarie Park, a complex of single and two-storey buildings with offices, high-clearance warehouses and open-air parking with a total of 379 car spaces and a building area of 13,215 sqm, available for sale through Knight Frank North Sydney and Knight Frank Sydney.
  • 23A Mars Road, North Ryde, strata industrial units and storage units in the proposed Aussie Strata Storage Centre on a 5,483 sqm block of land, available for sale through Glass Property Consultants, CBRE - North Sydney and Trumen Corp - Sydney.

 

Leasing opportunities in the November 2018 of Macquarie Park Cityscope include:

  • 2 Dawn Fraser Avenue and 4 Dawn Fraser Avenue, Sydney Olympic Park, a pair of seven-storey office buildings with parking for 593 vehicles, which has office space ranging from 1,000 to 13,070 sqm available for lease through Colliers International – Sydney and Dexus Property Group;
  • 4 Murray Rose Avenue, Sydney Olympic Park, an almost fully complete 9-storey commercial building with 3 levels of basement car parking for 262 vehicles, which has office space ranging from 380 to 6,505 sqm for lease through GJS Property and Colliers International North Sydney
  • Media & Technology Park, 706 Mowbray Road West, Lane Cove North, a three-storey office and warehouse complex comprising two three-storey office buildings, two warehouse levels and parking for 324 cars, which has office space ranging from 300 to 3,400 sqm for lease through JLL North Sydney and CBRE Sydney North.