This quarterly update of Pyrmont-Ultimo Cityscope shows an increase in total sales value, with 17 sales at a total value of $70.1 million, compared to the 23 sales at a total value of $37.7 million for the quarter ending July 2020.
The 12-month total sales figure stands at $284.5 million for the year ending October 2020, with 83 sales recorded over that period, a large decrease in terms of sales value from the previous 12 months ending October 2019, during which 97 sales were recorded with a total value of $1.066 billion.
The table below shows sales recorded for the last eight updates of Pyrmont-Ultimo Cityscope:
Notable sales in the areas covered by Pyrmont-Ultimo Cityscope for the October 2020 update include:
- 19-37 Greek Street, Glebe, a three to four-storey office building with parking on the lower and upper ground levels, built 1915, originally Dewey & Co Woolstore office, which is currently undergoing refurbishment and the construction of 2 additional levels, was bought for about $43.4 million through Colliers International;
- Woolbrokers Hotel, 22 Allen Street, Pyrmont, a 3-storey late Victorian style hotel of 37 rooms, built in 1886 and refurbished in 1991 with a building area of 896 sqm, was bought for $10.45 million through DWP Property and
- 193 Harris Street, Pyrmont, a two-storey mid Victorian Filigree terrace house and 195 Harris Street, Pyrmont, a two-storey mid Victorian Filigree terrace house, both being part of a group of eight terraces at 189 to 203 Harris Street, built in 1875, were bought together for $3.55 million through Pyrmont City First National.
Properties listed as for sale in the October 2020 update of Pyrmont-Ultimo Cityscope include:
- 79 Glebe Point Road, Glebe, a single-storey late Victorian double fronted cottage in a garden setting, built in 1880. A three-storey addition was later built behind the cottage. In January 2010, the site was extensively damaged by fire which destroyed the majority of the ground floor; restored in late 2011 and again in 2015. With a building area of 288 sqm, the property is for sale with an advertised income of $170,307 per annum through CBRE;
- 457-459 Harris Street, Ultimo, a two-storey commercial building of 350 sqm on a block of 239 sqm, which is for sale through Pyrmont City First National and
- Lot 1, 56-58 Bay Street, Ultimo, a 120 sqm retail area including a terrace on the ground floor plus a 17 sqm car space in the basement, which is for sale with an advertised income of $98,226 per annum through Raine & Horne Commercial.
Leasing opportunities listed in the October 2020 update of Pyrmont-Ultimo Cityscope include:
- Ultimo Trade Centre at 28-48 Wattle Street, Ultimo, a five-storey brick Federation-style warehouse building connected to a two-storey brick warehouse building, separated by a driveway. Originally constructed as a woolstore around 1895 with the main entrance to Wattle Street and loading docks to Fig Street, it has warehouse/showroom space ranging from 20 to 2,027 sqm available through DJ Wear & Associates Sydney;
- The Brewery at 62-98 Broadway, Chippendale, part of a site comprising three connected five-level heritage listed buildings, originally built to a design by Halligan & Wilton in 1910 and fully refurbished in 2018, which has office space ranging from 300 to 5,700 sqm available through Knight Frank Sydney and Karbon Property Sydney and
- 19 Harris Street, Pyrmont, an A-grade office building with seven levels of office space and 2 levels of basement parking with parking for 138 cars, which has office space ranging from 750 to 1,970 sqm on level 4 available through JLL Sydney.