The latest research from Norwest Cityscope shows a significant decrease in the total value of sales over the last quarter. For the three months to October 2019, there were 9 sales at a total value of $7.6 million, compared to the 18 sales at a total value of $319.2 million for the three months to July 2019 (mainly due to the $306 million sale of the Norwest Private Hospital and seven medical suites at 11 Norbrik Drive, Bella Vista).

This data brings the 12-month total to $395.3 million, an increase from the $251.3 million recorded the same time last year.

The table below shows sales recorded for the last eight updates of Norwest Cityscope.



Notable sales of strata recorded in the October 2019 update of Norwest Cityscope include:

  • 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, which sold for $1.4 million through Norwest Commercial & Industrial Baulkham Hills and of which the sale represented an initial yield of 5.00% on a passing income of $70,000 (net);
  • Lot 18 (known as Suite 108) at Macarthur Point, 25-27 Solent Circuit, Norwest
    Comprising 162 sqm on level 1 and 89 sqm of parking space for 6 cars on the upper basement level and Lot 28, a 37 sqm storeroom on the lower basement level, which sold together for $1,314,500 through Norwest Commercial & Industrial Baulkham Hills and 
  • Lot 5 (known as suite 5) at Parkview Business Centre, 1 Maitland Place, Norwest
    Comprising 122 sqm on level one of Block B and 67 sqm of parking on level one of Block B, which sold at auction for $1.105 million through Norwest Commercial & Industrial Baulkham Hills and of which the sale represented an initial yield of 5.43% on a passing income of $60,000 (net).



Some strata properties for sale in the October 2019 update of Norwest Cityscope include:

  • Lot 22 (known as part suite 21) at Parkview Business Centre, 1 Maitland Place, Norwest
    Comprising 390 sqm on level three of Block B, 209 sqm of parking on level one of Block B, 28 sqm of parking on level two of Block B and 14 sqm of parking on level one of Block A, for sale through Norwest Commercial & Industrial Baulkham Hills; 
  • Lot 5 at 18 Lexington Drive, Bella Vista
    An office warehouse unit, total area 1,384 sqm, comprising 1,076 sqm on ground and 308 sqm on mezzanine level, plus 32 car spaces on the ground level, for sale with an asking price of $5,995,000 through THiiNK Commercial Bella Vista and 
  • Lot 22 (known as suite 403) at Lakeside Corporate Centre, 29-31 Solent Circuit, Norwest
    Comprising 276 sqm on level 4 and 117 sqm of parking on the ground floor and car park level 2, for sale with an asking price of $1,595,000 through Norwest Commercial & Industrial Baulkham Hills.


Leasing opportunities in the October 2019 update of Norwest Cityscope include:

  • 2-8 Lexington Drive, Bella Vista
    A single storey large warehouse and showroom, converted in 2017 from a Bunnings retail store, which has office/warehouse space ranging from 2,000 to 8,635 sqm available through Colliers International Sydney West;
  • 17-19 Lexington Drive, Bella Vista
    A 4,200 sqm, two-storey commercial/industrial building providing office space, 2,000 sqm of warehouse space and on-grade and basement parking, has office/warehouse space of 2,471 sqm available through Norwest Commercial & Industrial - Baulkham Hills and 
  • Nexus Norwest, 4 Columbia Court, Norwest
    A five-storey office building with ground level parking and two levels of basement parking, has office space 5 to 350 sqm available through Instant Offices.