The latest research from South Sydney Cityscope shows property sales for the quarter to March 2019 have decreased in terms of total value.

Sales recorded in the most recent quarter totalled $164.1 million from 30 sales, as compared to the $183.3 million from 20 sales in the quarter to December 2018 and from the $912.9 million from 43 sales recorded in the quarter to September 2018.

This quarter brings the twelve-month total value of sales to $1.538 billion from 137 sales, an increase from the $1.248 billion from 162 sales recorded for the previous year.

The table below shows sales recorded for the past eight updates of South Sydney Cityscope.

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Notable sales in the March 2019 update of South Sydney Cityscope include:

  • 132 Wentworth Avenue, Pagewood
    Comprising two large high clearance warehouses, a 2-storey office building and other smaller industrial buildings on a 18,250 sqm site, which sold for $36 million;
  • 29-33 Bourke Road, Alexandria
    A high-clearance brick warehouse complex with ground floor and first floor office areas and parking for 18 cars on a 5,033 sqm site, which sold for $31 million in August 2018 and subsequently sold again for $34 million in January 2019; and
  • 40 Ricketty Street, Mascot
    A showroom, office and warehouse building, four storeys to Ricketty Street and three to Ossary Street, completed in early 2010 with a net lettable area of 5,185 sqm, which sold for $15.3 million.Pulse - SSSalesChart.gif

     

  • Properties listed as for sale in the March 2019 update of South Sydney Cityscope include:

    • 30-32 Ricketty Street, Mascot, at 30 Ricketty Street
      A two-storey office building and a high-clearance warehouse of 1,386 sqm; and at 32 Ricketty Street, a single-storey warehouse with a parking area and container storage yard of 1,019 sqm, for sale through Colliers International Sydney South;
    • 45-47 Green Street, Alexandria
      A two-storey office building with some warehouse space, and a high warehouse building, with a building area of 4,266 sqm plus about 40 car spaces on a paved front yard, for sale through Colliers International Sydney South; and
    • 24-26 Ewan Street, Mascot
      A high-clearance brick warehouse with mezzanine office and a small ground floor office and a paved front apron for storage or parking four cars, for sale through City Alliance Property – Waterloo.
       

    Leasing opportunities in the March 2019 update of South Sydney Cityscope include:

    • City Close at 37-41 O’Riordan Street, Alexandria
      Comprising 16 units in a complex of high-clearance warehouses with ground floor office/showroom areas, mezzanine offices and parking for 184 cars, which has office/warehouse space ranging from 1,240 to 2,883 sqm available through JLL Mascot;
    • Perry Park Industrial Estate at 33 Maddox Street, Alexandria
      A high-clearance warehouse complex with mezzanine office levels, loading docks and parking, which has warehouse space of 5,500 sqm available through CBRE South Sydney and
    • Altitude Corporate Centre at 163 O’Riordan Street, Mascot
      A 10-storey commercial office building with associated parking and landscaping; with a net lettable area of 13,500 sqm, which has office space ranging from 832 to 2,594 sqm available through Goodman Australia, JLL Mascot and GJS Property.