By Commercial Research

Chatswood Cityscope Quarterly Sales

The latest research from Chatswood Cityscope shows property sales have slightly decreased in value for the quarter to December 2015. There were 39 sales recorded in the most recent quarter with a total value of $71.2 million, as compared with 30 sales recorded to September 2015 with a total value of $75.4 million and 23 sales for a total of $39.4 million for the quarter ending June 2015. The 12 months leading up to the December 2015 recorded 122 sales for a total of $243.1 million, a significant decrease from 174 sales for a total of $558.6 million recorded the same time last year.

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

Recent standout sales in Chatswood include:

  • 65 Whiting Street, Artarmon, a 3 storey warehouse/workshop building divided into five units with security basement parking, situated on a 2,188 sqm parcel of land, was bought for $8 million.
  • Unit 2, 16 Malvern Avenue, Chatswood, a 123 sqm commercial unit with 3 car parking in the basement and unit 19, 16 Malvern Avenue, Chatswood, a 170 sqm commercial unit with 9 car parking in the basement, both located on the ground floor of Malvern Court, a 2 storey commercial strata building, were bought for about $4.7 million.
  • Unit 9, 12-14 Malvern Avenue, Chatswood, a 142 sqm commercial unit including 3 car parking spaces and unit 10, 12-14 Malvern Avenue, Chatswood, a 147 sqm commercial unit including 3 car parking spaces, both located on the first floor of Chatswood Grove, a 3 storey commercial strata building, were bought for $4.6 million.
  • 481-483 Willoughby Road, Willoughby, a single-storey retail building with net lettable area of 563 sqm situated on a 538 sqm block of land was bought for $3.1 million.

Properties for sale in Chatswood in December 2015 include:

  • 18-26 Dickson Avenue, Artarmon, a 3 storey office building with container access and a high-clearance warehouse with a building area of 2,362 sqm and land area of 1,639 sqm, for sale through CBRE North Sydney.
  • Unit 28, 441 Victoria Avenue, Chatswood, a 269 sqm retail unit on the second floor of Lemon Grove, a 3 level shopping complex for sale through Loyal Property Chatswood.
  • Suite 303, 781 Pacific Highway, Chatswood ; a 76 sqm commercial suite including 2 car spaces located on level three of a 7 storey commercial building, is for sale through Degotardi Commercial Real Estate.

Chatswood Cityscope Quarterly Sales graph

Significant leasing opportunities in Chatswood in December 2015 include:

  • Solitaire at 12 Help Street, Chatswood, a 14 storey office building with three levels of basemenet parking for 193 cars, has office space ranging from 250 sqm to 2,000 sqm for lease through JLL North Sydney and Cadigal Office Leasing North Sydney.
  • 475 Victoria Avenue, Chatswood, a 13 storey office tower with a single-level retail plaza area, has office space ranging from 400 sqm to 9,000 sqm for lease through Cadigal Office Leasing and Colliers International North Sydney.
  • 16 Dickson Avenue, Artarmon, a 2 storey warehouse building with rooftop parking, for lease through Sutton Anderson.
  • Chatswood Interchange at 436 Victoria Avenue, Chatswood, a 4 level shopping centre comprising 9,943 sqm retail space, has 65 sqm to 200 sqm for lease through Rook Salinger.

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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