This quarterly update of Pyrmont-Ultimo Cityscope shows an increase in total sales value, with a total of 24 sales at a value of $368.4 million, compared to 15 sales at a total value of $219.3 million for the quarter ending April 2019. The 12-month total sales figure stands at $989.9 million for the year ending July 2019, with 92 sales recorded over that period, an increase from the previous 12 months ending July 2018, during which 125 sales were recorded with a total value of $665.9 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 July 2019 update include:
- Workshop development at 21 Harris Street, Pyrmont
Currently under construction and was at full height in July 2019. To be a 7-storey commercial building with a gym, child care centre, retail tenancies, end-of-trip facilities including bike lockers, infrared sauna and showers and parking for 188 cars on ground level with a net lettable area of 18,888 sqm and typical floor plate of 2,650 sqm, which was bought for $297 million which comprises of the freehold property and fees for development services;
- Nora House at 29-33 Balfour Street, Chippendale
A three-storey warehouse with a loading dock to Balfour Street and 35-43 Balfour Street, Chippendale, a three-storey brick warehouse with a loading dock to Little Queen Street, both currently being extensively refurbished, were bought for $30 million and
- The Toxteth Hotel at 345 Glebe Point Road, Glebe
A two-storey pub in the inter-war Free Classical style, was bought $8.5 million.
Properties listed as for sale in the July 2019 update of Pyrmont-Ultimo Cityscope include:
- 287 Broadway, Glebe
A three-storey terrace including basement at the front and a two-storey residential building at rear, accessed from Derwent Lane, comprising a residential unit above a garage, for sale through Laing and Simmons - Glebe;
- 1 Blackfriars Street, Chippendale
A four-storey office building with a ground floor showroom, for sale through DB Property – Surry Hills and
- Shop 7P at 74 Mountain Street, Mountain Street Tower
A 146 sqm retail unit, including a courtyard, on the ground level facing the central plaza, for sale through Belle Property Commercial.
Leasing opportunities listed in the July 2019 update of Pyrmont-Ultimo Cityscope include:
- U60 at 60 Union Street, Pyrmont
A mixed commercial and retail complex completed in November 2006, comprising a ten-level building on the northern end of the site and a four-level building on the southern side of the site. 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, has retail space ranging from 42 sqm to 53 sqm and commercial office space on ground and levels 1, 2 and 3, for lease through Savills;
- 235 Pyrmont Street, Pyrmont
An eight-storey warehouse conversion commercial building with a net lettable area of 10,399 sqm, has office space ranging from 281 to 2,090 sqm for lease through Colliers International and
- 63 Miller Street, Pyrmont
A five-storey commercial building, with a ground floor supermarket, two levels of office and two levels of basement parking, has office space ranging from 439 to 2,309 sqm for lease through Ray White Commercial NSW – Sydney City Fringe.