Commercial Market Update – Pyrmont-Ultimo Cityscope

The ninth quarterly update of Pyrmont-Ultimo Cityscope shows a decrease in both sales activity and total sales value. The most recent quarter had a total of 41 sales at a sales value of $122 million, as compared to 45 sales at a total value of $423.8 million for the quarter ending January 2015. The 12-month total sales figure now stands at $677 million dollars for the year ending April 2015, with 159 sales recorded over that period.

The table below shows sales recorded for the nine editions of Pyrmont-Ultimo Cityscope:

Pyrmont-Ultimo Quarterly Sales

Notable sales in the areas covered by Pyrmont-Ultimo Cityscope for the April 2015 update include:

  • 13-19 Harris Street, Pyrmont, an A-grade office building with seven levels of office space and 2 levels of basement parking, sold for $75.3 million;
  • 37-49 O’Connor Street, Chippendale, a one-and-two-storey industrial building with high-clearance roller door access, sold for $10 million;
  • 385 Wattle Street, Ultimo, two adjoined single-storey brick warehouse buildings, each with a loading dock to Blackwattle Lane, sold for $5 million;
  • 2-12 Kensington Street, Chippendale, a three-storey brick warehouse to the corner of Dwyer and Kensington Streets and a two-storey brick warehouse at 12 Kensington Street, sold for $4.75 million; and
  • Suite 121 at 26-32 Pirrama Road, Pyrmont, a 601 sqm strata office suite, sold for $3.68 million.

 Properties for sale in the latest update of Pyrmont-Ultimo Cityscope include:

  • 167 Glebe Point Road, Glebe, a two-storey building with ground floor retail at is to be auctioned on 28 April 2015 through Raine & Horne Commercial.
  • 92 Glebe Point Road, Glebe, a two-storey building with ground floor retail at is to be auctioned on 12 May 2015 through Taylor Nicholas.
  • 609-615 Harris Street, Ultimo, a two-storey warehouse, at with the site area of 806 sqm is for sale through DB Property and Joandarc Realty.
  • Suite 109, 55 Miller Street, Pyrmont, a 116 sqm strata office suite is for sale through auction on 24 April 2015 through Laing and Simmons and
  • Suite 133, at 89-97 Jones Street, Ultimo a 147 sqm strata office suite is for sale through Century 21 Mirabella Property.

Leasing opportunities listed in the April 2015 update of Pyrmont-Ultimo Cityscope include:

  • 13-19 Harris Street, Pyrmont, has office space from 250 to 3,500 sqm at an A-grade office building with seven levels of office space and 2 levels of basement parking, is for lease through Savills;
  • City West Centre, at 55 Pyrmont Bridge Road, Pyrmont has office space of 1,200 and 1,500 sqm for lease through Cushman & Wakefield;
  • 63-71 Balfour Street, Chippendale has office space from 200 to 1,100 sqm for lease through Fringe Commercial; and
  • 63-79 Miller Street, Pyrmont, a five-storey refurbished commercial building has office space of 1,000 to 1,250 sqm for lease through Regus and Colliers International.

Pyrmont-Ultimo Quarterly Sales graph

 

CoreLogic RP Data Commercial


Cityscope covers 28 predominantly capital city CBD markets across Australia and New Zealand, providing a rich level of property level data including building attributes, tenancy detail, sales and ownership.For more information on Cityscope or any other CoreLogic RP Data products call 1300 734 318 or visit the website at www.corelogic.com.au/products/cityscope.


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About Commercial Research

CoreLogic RP Data Commercial Cityscope is a web-based service. Access is sold by geographic regions (Cityscope areas). There are 25 geographic regions across Australia (three in New Zealand), clustered around the cities of Sydney, Melbourne, Brisbane, Adelaide, Perth, Canberra and Newcastle. Darwin and Hobart CBD centres aren’t covered. Cityscope Areas in NSW and QLD also include lease expiry data for the most complete commercial coverage available. For more information call 1300 734 318.

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