The latest research from South Sydney Cityscope shows property sales for the quarter to September 2019 have decreased slightly in terms of total value.
Sales recorded in the most recent quarter totalled $337.1 million from 73 sales, as compared to the $341.9 million from 55 sales in the quarter to June 2019 and from the $164.1 million from 30 sales recorded in the quarter to March 2019.
This quarter brings the twelve-month total value of sales to $1.026 billion from 178 sales, a decrease from the $1.688 billion from 156 sales recorded for the previous year.
The table below shows sales recorded for the past eight updates of South Sydney Cityscope.
Notable sales in the September 2019 update of South Sydney Cityscope include:
- 3-7 McPherson Street, Banksmeadow
A modern two-storey office and large warehouse/factory building with paved parking for 150 cars on a large 30,140 sqm block, which sold for $86.5 million;
- 22 O’Riordan Street, Alexandria
A single-storey high-clearance workshop and office with a small rear yard plus a two-storey office section towards O'Riordan Street and a front apron with parking space for 50 vehicles on a 7,395 sqm block, which sold for $60 million and
- 23-27 Bourke Road, Alexandria
A two-storey showroom and office extending to high-clearance warehouse to the rear of the building plus on grade parking for 35 cars on a 6,175 sqm block, which sold for $38.5 million.
Properties listed as for sale in the September 2019 update of South Sydney Cityscope include:
- Vacant land at 106-110 Euston Road, Alexandria
O a site area of 3,224 sqm, for sale through Colliers International – Sydney South;
- Kennedy Business Park at 247-261 King Street, Mascot
A mixed office/warehouse precinct made up of two buildings; Block A, fronting King Street, comprises a three-level office building attached to a large high-clearance warehouse and Block B, to the rear, comprises a two-level office building with rooftop parking, plus a large high-clearance warehouse; built in 1975 and refurbished in 2003 on a 13,680 sqm block, for sale under the instruction of the administrator through Colliers International Sydney South; and
- 4 Jullian Close, Banksmeadow
A development under construction for a complex of 16 industrial/showroom units with sizes ranging from 131 to 341 sqm, for sale through LJ Hooker Commercial South Sydney.
Leasing opportunities in the September 2019 update of South Sydney Cityscope include:
- 520-530 Gardeners Road, Alexandria
A high clearance warehouse building with a building area of 8,206 sqm and paved parking for 238 cars, available for sub-lease through CBRE South Sydney and Colliers International Sydney South;
- Discovery Cove Industrial Estate at 1801 Botany Road, Banksmeadow
A complex of warehouse buildings with mezzanine and two-storey office sections and some three-storey office sections and a lettable area 49,617 sqm, which has warehouse/office space ranging from 477 to 3,726 sqm available through Goodman Australia and City Alliance Property;
- The Hayesbery, 134-138 Dunning Avenue, Rosebery
A 2,831 sqm brick high-clearance warehouse with mezzanine office above ten car spaces, available through Goodman Australia.