By Commercial Research

Burke Road Cityscope Quarterly Sales

The latest research from Burke Road Cityscope shows property sales for the three months ending November 2015 have decreased from the preceding quarter. There were 3 sales recorded from the most recent quarter with a total value of $3.9 million, as compared to 3 sales for a total of $22.8 million for the quarter ending August 2015 and 9 sales for a total of $13.2 million for the quarter ending May 2015.

The total value of sales for the year ending November 2015 is $112.6 million from 24 sales, an increase from the previous year, when the total value came to $78.2 million from 22 sales.

The table below shows sales recorded for the past eight updates of Burke Road Cityscope.

Notable sales for the November 2015 update of Burke Road Cityscope include:

  • 933 Burke Road, East Hawthorn, an older 2 storey brick building with a glassed-in first floor balcony and a shop on each frontage with a net lettable area of 215 sqm and on a site area of 208 sqm, was sold at auction for $2.12 million through CVA Property Consultants
  • 905 Burke Road, East Hawthorn, an older 2 storey brick building with a shop on the ground floor and a dwelling above providing a net lettable area of 110 sqm and on a site area of 127 sqm , was sold at auction for $1.50 million through Gorman Commercial
  • Suite 105, 685 Burke Road, East Hawthorn, an office suite of 60 sqm in the 7 storey Camberwell Corporate Centre, was sold for $230,000.

Properties for sale in November 2015 update of Burke Road Cityscope include:

  • 756 Burke Road, Camberwell , 758 Burke Road, Camberwell and 760 Burke Road, Camberwell, all are parts of a 2 storey brick row of seven shops and dwellings with first floor balconies with a total site area of 630 sqm, are for sale in one line by expressions of interest closing 26 November 2015 through Savills
  • 5 Redfern Road, East Hawthorn, a single storey former house converted to use as an office and warehouse, part of a duplex and 7 Redfern Road, East Hawthorn (BK8.13), a single storey former house, part of a duplex, with a combined net lettable area of 245 sqm and on a total site area of 384.20 sqm, are for sale by auction on 19 November 2015 through CVA Property Consultants and Melbourne Commercial.

Leasing opportunities listed in the November 2015 update of Burke Road Cityscope include:

  • 697 Burke Road, East Hawthorn , a 7 level concrete office building with a net lettable area of 2,804 sqm and parking for 54 cars, which has office space of 504 sqm on level 5 for lease though Colliers International and Gorman Kelly
  • 610-612 Burke Road, Camberwell , a 2 storey brick building with ground floor showroom of 416 sqm for lease through Savills Melbourne
  • 683 Burke Road, East Hawthorn, a 5 storey office block with a net lettable area of 1,535 sqm and parking for 20 cars, which has office space for lease through JLL Glen Waverley.

Commercial Research


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.


Subscribe to the free Commercial Pulse eNewsletter
Get the latest commercial news and sales data each week from our CoreLogic RP Data Commercial Pulse! Click here to subscribe.

Source: RPD

Follow: Subscribe to this post's comments