A new development underway in Silverdale should help ease the pressure on the supply of good quality industrial premises in one of Auckland City’s fatest growing areas.
Tenants are being sought for a new industrial complex that is currently under construction in central Silverdale.
Located at 30 Foundry Rd, the development by Collabor8 Property Group Ltd will encompass nine industrial units totalling 9000 sq m. They will offer a variety of high-stud warehouse, office and showroom accommodation options positioned around a central parking area and a tenth unit which will accommodate a café which has already been leased to a well-established café business.
Rosemary Wakeman who is handling the leasing of the units for Bayleys North Shore Commercial, in conjunction with colleague Matt Mimmack, says they will provide a much needed addition to the supply of industrial premises in the fast growing township.
“It’s been a few years now since we have had a crane on a building site in the central Silverdale industrial area. With close to 100 percent occupancy in this precinct, the leasing opportunities at 30 Foundry Rd are going to provide a welcome addition to Rodney and North Shore options for industrial businesses, trade retailers and others."
Construction commenced late December 2017 and is expected to be completed mid October 2018.
“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 this.
Matt Mimmack says the units would particularly suit trade related service providers and retailers or light industrial businesses wanting good showroom exposure to high volumes of passing traffic which Foundry Rd provides, 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 business 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. Indicative asking rentals range from $88,355 for a 476 sq m unit (with 326 sq m of warehousing and 140 sq m of office/showroom space and eight car parks) to $131,840 for 477 sq m of warehousing and 182 sq 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 metre 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
• Bike parking including common showers and toilet facilities.
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 still remaining in Silverdale’s central industrial area. The second stage will be a similar, complementary multi-unit development, which will also be undertaken by Collabor8 Property Group Ltd. The group comprises 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 6000 sq m site in nearby Furnace Place targeted at automotive trade businesses specialising in heavy vehicles.
The property at 30 Foundry Rd is approximately 500 metres from the Hibiscus Highway (SH25) and around one kilometre from SH1 and is well positioned to service the booming surrounding Silverdale, Millwater and Whangaparaoa Peninsula areas, says Rosemary Wakeman.
Silverdale’s population grew by 55 per cent between 1996 and 2016, from 1340 to 5570 people. Auckland Council has estimated that the Hibiscus and Bays area, of which Silverdale is part, will have an additional 10,000 households by 2042 and its population is expected to swell to 146,600 in 2043 from 89,932 in 2013, according to Statistics New Zealand.
Employment numbers are expected to grow by 40,000 over the same period creating strong accompanying demand for business premises, particularly for suppliers of the building trade, says Wakeman.
“The Silverdale/Orewa area is currently experiencing an unprecedented surge in construction activity with high numbers of consent applications suggesting there is plenty more to come. “Retail and particularly residential building activity is evident as the development sector looks to accommodate the rapidly expanding population and to provide amenity to support it.”
High levels of construction activity are likely to continue over the long term, with surrounding rural land currently zoned Future Urban earmarked for further development over the next 30 years to help cater for Auckland’s population growth.