The latest research from Macquarie Park Cityscope shows property sales for the three months to August 2019 have increased significantly from the preceding quarter.
Sales recorded in the quarter ending August 2019 totalled $152.4 million, an increase from the $43.9 million recorded in the three months to May 2019 and a decrease from the $396.9 million recorded in the three months to February 2019.
For the year ending August 2019, there were 92 sales at a total value of $621.1 million, compared to 65 sales at a total value of $490.4 million for the previous year.
The table below shows sales recorded for the past eight updates of Macquarie Park Cityscope.
Notable sales in the August 2019 update of Macquarie Park Cityscope include:
- Macquarie Technology Park at 40 Talavera Road
A complex of single and two-storey buildings with offices, high-clearance warehouses and on site parking for 314 vehicles. The oldest parts of the complex were completed in 1974, and the newest building completed in 1990, comprises two office floors and two levels of parking on ground and level one. Extensively refurbished at $8 million in 2003 with a net lettable area of 13,051 on a 25,030 sqm block, which was sold for $67.25 million;
- 7 Murray Rose Avenue, Sydney Olympic Park
A five-storey commercial building with retail spaces on the ground floor and 2 levels of basement car parking was completed in late 2012 with a building area of 5,931 sqm and typical floor of 1,054 sqm on a 1,172 sqm site, was bought for $46.2 million; and
- 11-13 Rhodes Street, West Ryde
A 2-storey building to the front and high-clearance warehouses to the rear with a building area of 2,369 sqm on a 4,040 sqm site, was bought for $7.9 million.
Properties for sale in Macquarie Park Cityscope in August 2019 include:
- The soon to be completed Glasshouse
Part of The Macquarie Square development at 45-61 Waterloo road, Macquarie Park, which will be an 11-storey commercial building containing up to 37,680 sqm campus style office accommodation and 474 sqm retails space plus two levels of basement of parking for 359 vehicles; is for sale through JLL Sydney and Colliers International - Sydney; and
- Vacant land at 14-16 Orion Road, Lane Cove West
A 7,922 sqm block is for sale as a development site through CBRE North Sydney and CBRE Western Sydney
Leasing opportunities in the August 2019 of Macquarie Park Cityscope include:
- Epson Australia House, at 3 Talavera Road, Macquarie Park
A three-storey commercial/warehouse building with warehousing and dual loading dock facilities built in 1996 with a net lettable area of 7,580 sqm comprising 2,580 sqm of office space and 5,000 sqm warehouse space plus onsite parking for 118 cars, which has warehouse/office space of 7,580 sqm available through Goodman Australia;
- 67 Mars Road, Lane Cove West
A two-storey office and warehouse building with a large warehouse to the rear and a yard to Sirius Road used for parking, which has warehouse space of 2,937 sqm and 5,500 sqm available through Sutton Anderson and CBRE – North Sydney;
- 5 Rider Boulevard, Rhodes
A 10-storey commercial building with ground floor retail and four levels of basement parking for 495 vehicle and a net lettable area of 25,279 sqm, which has office space ranging from 725 sqm to 10,500 sqm available through CBRE Western Sydney and Knight Frank North Sydney; and
- 78 Waterloo Road, Macquarie Park
An eight-storey office building completed in early 2009 comprises of 10,210 sqm of office space and 250 sqm retail space on ground level plus basement parking for about 288 cars, which has office space ranging from 818 to 9,700 sqm available through CBRE – Sydney North and Cushman & Wakefield - Sydney.