By Commercial Research

Chapel Street Cityscope Quarterly Sales

The latest research from Chapel Street Cityscope shows that commercial property sales have increased dramatically in the last quarter. Total sales for the quarter to November 2015 came to $187.3 million, a sharp rise from the figure of $16.9 million for the previous quarter, and up from the $111.9 million recorded for the quarter to May 2015. These figures bring the twelve month total for November 2015 to $336.4 million, a significant increase on the previous year’s total of $179.9 million.

The table below shows sales recorded for the last eight updates of Chapel Street Cityscope:

Notable sales in the November 2015 update of Chapel Street Cityscope include:

  • Jam Factory, a collection of bluestone buildings originally constructed in 1876 and converted into a shopping and entertainment complex in 1979, with a building area of 20,118 sqm and a six level car park with 1,088 spaces, at 500 Chapel Street, South Yarra, which sold for around $165 million
  • A single storey brick retail building of 440 sqm at 219 Commercial Road, South Yarra, which sold at auction for $5.22 million
  • A two storey retail and commercial building of 500 sqm at 92 Toorak Road, South Yarra, which sold at auction for $4.1 million.

Properties for sale in the latest update of Chapel Street Cityscope include:

  • A two storey building of 445 sqm with parking for about six cars to the rear at 383 Chapel Street, South Yarra, scheduled for auction on 26th November 2015 through Fitzroys.
  • A single storey brick retail building of 105 sqm with parking for about three cars to the rear at 78 Toorak Road, South Yarra, scheduled for auction on 9th December 2015 through Allard Shelton.

Leasing opportunities listed in the November 2015 update of Chapel Street Cityscope include:

  • A three storey brick retail building at 513 Chapel Street, South Yarra, which has 400 sqm for lease through Colliers International.
  • A two storey retail building at 208 Chapel Street, South Yarra, which has 392 sqm for lease through Hocking Stuart Commercial.
  • The Old Post Office, a three storey retail and commercial building with a two-storey extension at 168 Greville Street, Prahran, which has 385 sqm of retail space for lease through GormanKelly.

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.


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Source: RPD

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