The latest research from St Kilda Road Cityscope shows property sales value has increased in the past three months.
For the three months to January 2020, there were 146 sales at a total value of $276.3 million, an increase from 142 sales at a total value of $205.8 million from the previous quarter. This data brings the 12-month total to $826.7 million from 644 sales, a decrease from the $1.376 billion from 1,214 sales recorded over the previous year.
The table below shows sales recorded for the past eight updates of St Kilda Road Cityscope.
Recent standout sales in January 2020 update of St Kilda Road Cityscope include:
- 412 St Kilda Road, Melbourne
A 22-level, B grade office building featuring Melbourne's first talking lifts, made by Otis, including a 7-level, 174-space basement car parking station to Queens Lane with a net lettable area of 16,285 sqm, was sold for above $107 million;
- 574 St Kilda Road, Melbourne
A 9-storey office building with curtain wall glazing and a basement car parking area for 143 vehicles with a net lettable office area of 7,742 sqm, was sold for $58 million and
- 1 Bowen Crescent, Melbourne
An office building of eight levels, including two levels of basement parking for 30 cars, 5 floors of offices plus a top-floor recreation level, was sold for $17.8 million.
Properties listed for sale in the January 2020 update of St Kilda Road Cityscope include:
- 19 Dorcas Street, Melbourne
A single-storey brick building used as a restaurant, 21 Dorcas Street, Melbourne, a single-storey Victorian brick house used commercially and 23 Dorcas Street, Melbourne, a single-storey brick cottage used as a retail shop, for sale together as a development site through Savills Melbourne;
- Unit 209, also known as suite 2.9 at 63 Stead Street, South Melbourne
A 50 sqm commercial unit on level two with one car space, for sale with an asking price of $300,000 through MPC Moss Property Consultants and
- Unit 212 at Royal Domain Corporate, 370 St Kilda Road, Melbourne
A 59 sqm office suite on the second floor, for sale with an asking price of $290,000 through Peter Markovic Fitzroy.
Significant leasing opportunities listed in the January 2020 update of St Kilda Road Cityscope include:
- APESMA Building,163-165 Eastern Road, South Melbourne
A nine-storey office building including a penthouse office and a 39-space, ground floor car parking area, has office space ranging from 300 to 1,100 sqm available through CBRE – Melbourne;
- 600 St Kilda Road, Melbourne
A 15-level office building with a stepped facade dropping to three-storeys on each side, including three ground-floor showrooms and an eight-level, 566-space covered car parking area to the rear, has office space ranging from 500 to 1,600 sqm on levels 2 and 3 for lease through Thorburn Commercial Property and CBRE Melbourne and
- 71 Queens Road, Melbourne
An 11-storey office building. There are four car parking spaces in front of the building, parking for another 22 cars round the side of the building and undercover parking on the lower ground, ground and first floors totalling 117 spaces, with a lettable area of 8,443 sqm and typical floor plate of 836 sqm, has office space ranging from 110 to 2,500 sqm available through Teska Carson – Richmond and United Petroleum – Abbotsford.