The latest research from Southbank Cityscope shows property sales value has decreased in the past three months.
Sales recorded in the quarter to February 2020 totalled $107.6 million, a decrease from the $195.3 million recorded in the three months to November 2019 and the $343.4 million recorded in the three months to August.
This data brings the 12 month total close to $1.402 billion, an increase from the $1.167 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 February 2020 Southbank Cityscope update are residential sales:
- Unit 504 in The Melburnian East Tower, 250 St Kilda Road, Southbank, one of the two 23-level towers, a 3-bedroom apartment on level 5 with 3 car spaces and storage, which sold for $2.95 million and
- Unit 7703 in Eureka Tower, 3-9 Riverside Quay, Southbank, a 92-storey residential building with retail and car parking, a 2-bedroom plus study apartment on level 77 with a balcony, which sold for $1.95 million.
Properties listed as for sale in February 2020 update of Southbank Cityscope include:
- 293-297 City Road, Southbank, comprising two buildings, a two-storey brick office building with a ground floor showroom and a single-storey high clearance brick warehouse on a site of 1,279 sqm with car parking for 23 cars, which is for sale through Vinci Carbone Property and
- 151 Sturt Street, South Melbourne, a two-storey former warehouse converted to office use, refurbished in 1973, 1995 and 2004, with a net lettable area of 1,260 sqm on a site of 2,581sqm, which is for sale through Hocking Stuart.
Leasing opportunities listed in the February 2020 update of Southbank Cityscope include:
- Holiday Inn Express Southbank, 35-47 City Road, Southbank, a 23-storey hotel building with 345 hotel rooms, ground floor retails plus three levels of office and three levels of car parking, which has retail space of 296 sqm on ground level and office space ranging from 172 to 1,470 sqm on levels 1 and 5 available through Knight Frank Melbourne and Savills Melbourne;
- Kings Technology Park at 95-111 Coventry Street, Southbank, five office buildings between 4 and 9 levels high set round a central grassed courtyard, which has office space of 146 sqm to 500 sqm on ground level, 1,299 sqm on level 3 and 1,079 sqm on level 4 available through Deague Group and Melbourne Commercial office Sales and Leasing and
- 55 Southbank Boulevard, Southbank, a 9-level building of concrete construction with a curved glass curtain-wall façade including basement, ground, mezzanine and six upper floors, which has office space of 231 sqm on level 2 and 1,114 s qm on whole level 6 available through JLL Melbourne.