Tenants are being sought for a new industrial complex in central Silverdale, north of Auckland, on which construction commenced in late December 2017 and with completion targeted for mid-October this year.
Located at 30 Foundry Rd, the development by Collabor8 Property Group Ltd encompasses nine industrial units totalling 9000sq m. The units will have a variety of high-stud warehouse, office and showroom options positioned around a central parking area while a tenth unit will accommodate a cafe that has already been leased to a well-established business.
Rosemary Wakeman is handling the leasing of the units for Bayleys North Shore Commercial, in conjunction with colleague Matt Mimmack.
Indicative asking rents range from $88,355 for a 476sq m unit (with 326sq m of warehousing and 140sq m of office/showroom space plus eight car parks); to $131,840 for 477sq m of warehousing and 182sq m of showroom plus 11 car parks.
"The units come in a good range of sizes and various configurations, with some offering higher ratios of warehousing than others and most providing the option of two levels of offices or one level of showroom with offices above," says Mimmack. "They could be adapted further to suit particular tenant requirements; however, with construction started those options are beginning to diminish."
Key features of the units include:
• an 8-10.5m stud height for warehousing;
• concrete tilt slab and structural steel construction;
• full height glass to corners and facades of showroom/office areas;
• landscaping to frontages in the central area; and
• bike parking including common showers and toilet facilities
Wakeman says it's been a few years since a crane has been seen on a building site in the central Silverdale industrial area.
"With close to 100 per cent occupancy in this precinct, the leasing opportunities at 30 Foundry Rd will provide a welcome addition to Rodney and North Shore leasing options for industrial businesses, trade retailers and others.
"The complex has been architecturally-designed to provide attractive showroom space with excellent road presence and functional clear-span warehousing," says Wakeman.
The units come with substantial central car parking for staff and customers and five of the units in the eastern part of the complex have dual access via a rear right of way. This provides additional access to the warehouse space and opens up drive-through options as well as providing an area for unloading containers.
The project has been designed to the latest energy efficiency and sustainability standards; with ducting provided for electric vehicle charging stations should the occupier choose to install these.
Mimmack says the units will particularly suit trade-related service providers and retailers or light industrial businesses seeking good showroom exposure to high volumes of passing traffic – with Foundry Rd being one of two main roads in Silverdale's well-established central industrial precinct. They could also suit automotive parts suppliers or marine related businesses.
Nearby businesses include Bunnings Trade Sales, Placemakers, Chesters Plumbing, Reece Plumbing, Plumbing World, Wardrobes Direct, VTNZ and Bridgestone.
One of the project's anchor tenants will be Cory Electrical Limited which has leased one of the largest units at 30 Foundry Rd. It is a nationwide distributor of electrical products and services to electrical contractors, industrial users and government, with a history dating back to the 1920s. Now part of the global Sonepar group, Corys Electrical employs over 280 people nationwide, with 47 branches around the country,
Mimmack says several other units are under negotiation with similar quality tenants.
The 10-unit complex will be the first stage of the development of 1.8ha of land on Foundry Rd - one of the last vacant sites of this size remaining in Silverdale's central industrial area.
The second stage will be a similar, complementary multi-unit development, that will also be undertaken by Collabor8 Property Group Ltd. The group is a consortium of private developers, investors and a construction company with over 50 years of experience that have collectively been involved in a number of projects in the area.
These include a large distribution centre for Linen & Things Ltd on Foundry Rd, a Guardian self-storage complex also on Foundry Rd and an auto centre on a 6000sq m site in nearby Furnace Place targeted at automotive trade businesses specialising in heavy vehicles.