Commercial Auction Results – Week ending 10 March 2017

CoreLogic captured eight commercial auction results in the week ending the 10th of March. These preliminary auction results show a 100% clearance rate and a combined sales volume of $13 million.

The highest value result was a $2 million factory office and unit in Yennora, NSW. Of the properties sold, 4 were located in NSW, with two industrial and two retail properties cleared. There was 1 auction sale in Queensland, where a commercial office building in Coolangatta sold for $891,000. A further 3 were in Victoria, where an office building and two retail shops cleared.

A notable result was the auction of 238-240 Enmore Rd in Enmore. The shop is located in the tightly held inner west market of Sydney, but sold for $800,000. It is leased as a bridal shop until 2019.

The table below indicates National Auction Clearance Rate figures.

 

Eliza Owen
Commercial Research Analyst, CoreLogic


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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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