This quarterly update of Pyrmont-Ultimo Cityscope shows a dramatic decrease in total sales value, with 23 sales at a total value of $44.3 million, compared to the 27 sales at a total value of $205.6 million for the quarter ending October 2019.
The 12-month total sales figure stands at $836.7 million for the year ending January 2020, with 89 sales recorded over that period, an increase in terms of sales value from the previous 12 months ending January 2019, during which 105 sales were recorded with a total value of $675.4 million.
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 2020 update include:
- Stratum lot 203 of the former Irving Street Brewery Building at 5 Central Park Avenue, Chippendale
Comprising three connected five-level heritage listed buildings, originally built to a design by Halligan & Wilton in 1910. It also comprises of 2,448 sqm on basement levels 2, 3 and 4 plus 2,580 sqm on basement level 0, was bought for $16.5 million and
- The former Bristol Arms Hotel at 424-426 Harris Street, Ultimo
Comprising lot 1, 169 sqm on ground floor plus 42 sqm storage area in the basement, lot 2, 136 sqm on level 1 plus 9 sqm storage area in the basement and lot 3, 139 sqm on level 2 plus 19 sqm storage area in the basement, was bought for $6.425 million.
Properties listed as for sale in the January 2020 update of Pyrmont-Ultimo Cityscope include:
- 602 Harris Street, Ultimo
A two-storey Federation terrace built in 1910 on a 94 sqm block of land, which is for sale through Fringe Commercial and
- Suite C2 at Dalgety Square at 99 Jones Street, Ultimo
A 76 sqm commercial suite fronting Wattle Street, plus a 15 sqm car space and a 2 sqm storage on level 1, which is for sale through Deans Property.
Leasing opportunities listed in the January 2020 update of Pyrmont-Ultimo Cityscope 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 building area of 12,568 sqm and floor plates of 2,000 sqm, which has office space of 1,970 sqm on level 4 available through JLL Sydney;
- 235 Pyrmont Street, Pyrmont
An eight-storey warehouse conversion commercial building extensively refurbished in 2011, which has office space ranging from 1,809 to 2,090 sqm available through Colliers International;
- U60 at 60 Union Street, Pyrmont
A mixed commercial and retail complex comprising a ten-level building on the northern end of the site facing Edward Street and a four-level building on the southern side of the site facing Union Street. The complex provides a total of 16,832 sqm office space spreading over seven levels, 3,000 sqm retail space over two levels and 188 car parking spaces in the basement, which has office space of 2,207 sqm for sublease through Colliers International – Sydney.