Chatswood commercial sales top $75 million in quarter: CoreLogic RP Data

Chatswood commercial sales top $75 million in quarter: CoreLogic RP Data
Chatswood commercial sales top $75 million in quarter: CoreLogic RP Data

Commercial property sales in Chatswood, north of Sydney's CBD, have risen over the past three months with 30 sales recorded for the most recent quarter for a total value of $75.4 million, according to CoreLogic RP Data.

CoreLogic RP Data's latest Cityscope recorded 23 sales to June 2015 for a total value of $39.4 million bringing the 12-month total to $358.3 million, down from the $610.3 million sold over the same time last year.

Click to enlarge

Chatswood commercial sales top  million in quarter: CoreLogic RP Data

 

Recent standout sales in Chatswood include:

  • 425 Victoria Avenue, Chatswood, a two storey brick commercial building with a net lettable area of 793 sqm was bought at auction for $25 million
  • 407 Pacific Highway, Artarmon, a four storey building and a five storey building with 2 basement levels of car parking, net lettable area is 6,083 sqm was bought for $16.1 million. The sale represented an initial yield of 8.5% on a passing income of $1.36 million (net) including incentives
  • 66-76 Dickson Avenue, Artarmon, a three storey office building with a three-level car parking, building area is 5,025 sqm was bought for $7.65 million.

Properties for sale in Chatswood in September 2015 include:

  • Zenith Centre Tower A and Zenith Centre Tower B, at 821 Pacific Highway, Chatswood, a twin A-grade complex with 43,400 sqm of office space and 900 sqm of retail space, it also includes a 250 seat community theatre for sale by international expressions of interest through Savills and CBRE
  • Lot 4, 7 Railway Street, Chatswood, a 164 sqm commercial suite on level one, lot 5, 7 Railway Street, Chatswood, a 170 sqm commercial suite on level two, lot 16, 7 Railway Street, Chatswood, a 173 sqm commercial suite on level 2 and lot 59, 7 Railway Street, Chatswood, a 13 sqm car space on basement level one in Era Apartment for sale in one line through Colliers International
  • 18-26 Dickson Avenue, Artarmon, a three storey office building with container access and a high-clearance warehouse with building area of 2,362 sqm for sale through CBRE North Sydney.

Click to enlarge

Chatswood commercial sales top  million in quarter: CoreLogic RP Data

Significant leasing opportunities in Chatswood in September 2015 include:

  • Solitaire at 12 Help Street, Chatswood has office space ranging from 250 sqm to 4,000 sqm for lease through JLL North Sydney and Cadigal Office Leasing North Sydney
  • 475 Victoria Avenue, Chatswood has office space ranging from 400 sqm to 9,000 sqm for lease through Cadigal Office Leasing and Colliers International North Sydney
  • 33 Herbert Street, St Leonards has office space ranging from 300 sqm to 1,999 sqm for lease through Knight Frank North Sydney
  • 7-9 George Place, Artarmon has office/warehouse space of 1,092 sqm for lease through Sutton Anderson.

Michael Crawford

Michael Crawford

Michael is the real estate reporter for western Sydney and loves writing about homes and the people who live in them. A former production editor and news journalist, he enjoys writing about real-world property purchases as well as aspirational buys and builds. Following a recent move from Sydney’s northern beaches, Michael now actually enjoys commuting.

Tags: 
Retail Property Commercial Sales

Comments

Be the first one to comment on this article
What would you like to say about this project?