A  subdued end to 2019 has failed to stop Eastern Melbourne from recording a yearly increase in commercial property sales, according to the latest data from Cityscope.

The figures indicate sales recorded in the quarter ending January 2020 totalled $60.2 million from 22 sales, compared to the $184.7 million from 35 sales recorded in the three months to October 2019. 

This data brings the 12-month total to $508.3 million, an increase from the $471.1 million recorded over the same period of the previous year. 

Notable sales in the January 2020 update of Eastern Melbourne Cityscope include:

• Lot 1,15 Compark Circuit, Mulgrave, a 2-level building of 2,956 sqm with 118 car spaces (93 basement car parks and 25 open car parks) and Lot 2, 13 Compark Circuit, Mulgrave, a 2-level building of 2,956 sqm with 115 car spaces (75 basement car parks and 40 open car parks) were bought together for $27.8 million through Knight Frank and Dawkins Occhiuto Real Estate;
• 651 Doncaster Road, Doncaster, an office building of 2,200 sqm over four levels, including a basement car park of 76 cars plus parking for 19 cars on paved land, which sold for $15.15 million through CBRE Melbourne and Gorman Commercial and
• 49 - 51 Railway Road, Blackburn, a 3-level office building with parking for about 23 cars to the rear of the lower ground floor with a building area of 741sqm, which was sold for $3.31 million through Colliers International - Melbourne East.

Similar to this: 

Decrease in Chapel Street commercial property sales value

Increase in Eastern Melbourne commercial property sales value

Brisbane fringe sale numbers remain steady but sales value dips