The latest research from Southbank Cityscope shows property sales value have decreased in the past three months.
Sales recorded in the quarter to November 2018 totalled $277.8 million, a decrease from the $432.6 million recorded in the three months to August 2018 and the $395.4 million recorded in the three months to May 2018.
This data brings the 12 month total to $1.538 billion, a decrease from the $1.835 billion recorded the same time last year.
The table below shows sales recorded for the past eight updates of Southbank Cityscope.
Notable sales in the November 2018 update of Southbank Cityscope include:
- 210 Kings Way, South Melbourne,a five-storey brick and concrete office building with two single-storey extensions to Kings Way and one to Tichborne Place, constructed in 1973, providing a net lettable area of 4,993 sqm and parking for 86 cars, which was sold for $32.01 million;
- Shadow Play at 105 Clarendon Street, Southbank, a 46-storey residential building comprising 494 apartments over a 9 level podium with 150 car spaces with retail space on the ground level, completed in March 2018. Three units on level 44, being unit 440, a 3-bedroom apartment facing south including a shared car stacker space on level 6, unit 4402, an apartment facing west including a shared car stacker space on level 6 and unit 4403, a 3-bedroom facing north west including a shared car stacker space on level 7, which sold together for $5.791 million.
Properties listed as for sale in November 2018 update of Southbank Cityscope include:
- 84 Moray Street, South Melbourne, a single-storey brick showroom and warehouse and 86 Moray Street, South Melbourne, a single-storey brick showroom, with a combined land area of 224 sqm, which are for sale as a whole through Marvelli Town and Associates;
- 153-159 Sturt Street, Southbank, a two-storey building constructed in 1952 and 1960, refurbished late 1980s, and altered to a six-shop arcade with upper floor offices in 1997-98. The building was redeveloped in 2008, providing a net lettable area of 1,825 sqm, which is available for sale through Colliers International Melbourne and Colliers International Melbourne East.
Leasing opportunities listed in the November 2018 update of Southbank Cityscope include:
- 637 Flinders Street, Docklands, Tower 1 of the WTC Wharf complex, a twin-tower complex with two distinct but inter-connected office buildings sharing three levels of parking, which has office space ranging from 650 sqm to 25,716 sqm available through Cushman & Wakefield and Colliers International Melbourne;
- The Tea House at 28 Clarendon Street, Southbank, a six-storey nineteenth century brick building with a 1984 brick extension, refurbished and extended in 1983-84 and further refurbished in 1992. The building was converted to the Tea House in 1996. Office space ranging from 300 sqm to 2,600 sqm in the building available for lease through Savills Melbourne and CBRE Melbourne;
- Market Lane development at 68 Clarke Street, Southbank, to be a 9-storey commercial building comprising five levels of office space, ground level shops and three levels of basement parking for 193 cars. Office space from 700 sqm to 9,845 sqm in the development available for pre-lease through Lemon Baxter and Colliers International Melbourne East.