The latest research from Norwest Cityscope shows an increase in the total value of sales over the last quarter. For the three months to July 2019, there were 18 sales at a total value of $319.2 million, compared to the 14 sales at a total value of $54.7 million for the three months to April 2019.
The increase in sales value was mainly due to the sale of the Norwest Private Hospital and seven medical suites at 11 Norbrik Drive, Bella Vista.
This data brings the 12-month total to $449.8 million, an increase from the $241.3 million recorded the same time last year.
The table below shows sales recorded for the last eight updates of Norwest Cityscope.
Notable sales recorded in the July 2019 update of Norwest Cityscope include:
- Norwest Private Hospital at 11 Norbrik Drive, Bella Vista
Comprising 3-level of hospital space including ground floor commercial and retail suites, 171-bed hospital and 10 operating theatres together with lot 35 of 106 sqm on level one plus two basement car spaces; lot 57 of 751 sqm on ground level and two areas of 61 sqm and 88 sqm basement car parking; lot 58 of 107 sqm on level two; lot 64 of 86 sqm on ground level; lot 65 of 124 sqm on ground level; lot 66 of 113 sqm on ground level and a 17 sqm basement car space and lot 67 of 1,926 sqm on level two and 2 sqm on ground plus a 17 sqm basement car space; were bought with 2 Circa Boulevarde, Bella Vista, a vacant land on a 13,447 sqm block for more than $306 million and
- Lot 22 (known as Suite 115)
Comprising of 151 sqm office space on level 1 of the west tower and four car spaces on parking level 2 and two car spaces on parking level 4 and lot 23 (known as Suite 116), comprising of 169 sqm on level 1 of the west tower and four car spaces on parking level 2 and two car spaces on parking level 4 at Zhen: Norwest, 33 Lexington Drive, Bella Vista, were sold for more than $2.4 million.
Some strata properties for sale in the July 2019 update of Norwest Cityscope include:
- Unit 4 at T1 Norwest, 14 Lexington Drive, Bella Vista
Comprising 1,188 sqm on the ground level, in the eastern part of the building, plus 293 sqm on the eastern mezzanine level and 26 car spaces on the ground level, for sale by auction through Norwest Commercial & Industrial Baulkham Hills;
- Lot 5 at Pinnacle Estate, 1 Celebration Drive, Bella Vista
Comprising 361 sqm on the ground level and 57 sqm of parking on the ground level, for sale through Norwest Commercial & Industrial Baulkham Hills and
- Suite 202 at Lakeside Corporate Centre, 29-31 Solent Circuit, Norwest
Comprising 280 sqm on level 2 (level 4 on the plan) and 117 sqm of parking on the ground floor and car park level 1, for sale with an asking price of $1,685,000 through Norwest Commercial & Industrial Baulkham Hills.
Leasing opportunities in the July 2019 update of Norwest Cityscope include:
- 14-16 Brookhollow Avenue, Norwest
A two-storey office building with warehouse space to the rear, undercover basement car parking and on-grade parking for 6 cars, which has office space ranging from 66 to 290 sqm available through Taylor Nicholas – Hills and Colliers International Sydney West;
- Vantage at 7-9 Irvine Place, Bella Vista
A 5-storey commercial building with a cafe at ground level and undercover parking for 569 cars and a net lettable area of 12,760 sqm, has office space ranging from 530 to 610 sqm available through Coutts Real Estate – North West and Norwest Commercial & Industrial - Baulkham Hills and
- 15 Columbia Way, Norwest
A two-storey office and warehouse building with on-grade parking for 57 cars, has office space of 1,575 sqm available through Bawdens Industrial.