This quarterly update of Pyrmont-Ultimo Cityscope shows an increase in total sales value, with a total of 30 sales at a value of $299.2 million, compared to 23 sales at a total value of $127.4 million for the quarter ending October 2018. The 12-month total sales figure stands at $699.8 million for the year ending January 2019, with 105 sales recorded over that period, a large decrease from the previous 12 months ending January 2018, during which 132 sales were recorded with a total value of $1.340 billion.
The table below shows sales recorded for the last eight updates of Pyrmont-Ultimo Cityscope:
Notable sales in the areas covered by Pyrmont-Ultimo Cityscope for the January 2019 update include:
- 19 Harris Street, Pyrmont
An A-grade office building with seven levels of office space and 2 levels of basement parking with parking for 138 cars with a net lettable area of 12,568 sqm, was sold for $143 million through JLL Sydney and Colliers International;
- The office component of Block 4N, 100 Broadway, Chippendale
6,184 sqm on levels 4 to 10, was sold for $70 million through CBRE (Sydney) and Cushman & Wakefield – Sydney and
- 55-65 Murray Street, Pyrmont
A four-storey office and showroom building providing a gross area of 3,130 sqm and parking for 12 cars, was sold for $31 million.
Properties listed as for sale in the January 2019 update of Pyrmont-Ultimo Cityscope include:
- 33 Glebe Point Road, Glebe
A two-storey brick commercial building in Federation Free Classical style, built in 1895 on a block of 199 sqm, is for sale through Calibre Properties Sydney;
- Lot 1 at 68 Glebe Point Road, Glebe
A 68 sqm retail space on the ground level, currently tenanted by the Gauge Glass Artists Gallery, is for sale through Danas Real Estate and
- Stratum lot 23, known as 3 Harris Street, Pyrmont
A retail space of 796.1 sqm on the ground level, including external outdoor terrace area of 300 sqm, is for sale through Ray White Commercial Lower North Shore.
Leasing opportunities listed in the January 2019 update of Pyrmont-Ultimo Cityscope include:
- Ultimo Trade Centre at 28-48 Wattle Street, Ultimo
A five-storey brick Federation-style warehouse building connected to a two-storey brick warehouse building, separated by a driveway has office space ranging from 100 to 2,000 sqm for lease through DJ Wear & Associates - Sydney;
- 37-69 Union Street, Pyrmont
A low-rise office complex on a triangle island site comprising 11 office units over three to four levels aligned with the sloping street contour and a central gated car parking courtyard on each level of the ground and lower ground levels providing for 42 vehicles, has office space of 220 to 800 sqm for lease through Karbon Property – Sydney and
- 232-236 Cleveland Street, Chippendale
A two-storey commercial building with off-street parking for about eight vehicles has retail space of 423 sqm for lease through Knight Frank - Sydney South and DB Property Surry Hills.