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Industrial complex sets the standard

Industrial complex sets the standard

There has been strong interest in a new development underway in Silverdale, which aims to help ease the demand for good quality industrial premises on the North Shore, says Cam Marsh, general manager of Silverdale Asset Management Ltd and client representative for Collabor8, the developer of the project.

Located at 30 Foundry Road, the development 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 Cam.

It will encompass nine industrial units totalling 9000 square metres. These will offer a variety of high-stud warehouse and showroom accommodation options positioned around a central parking area and a tenth unit, which will accommodate an office, which has already been leased.

Cam says that the complex has been architecturally designed to provide attractive showroom space combined with excellent road presence and the buildings are functional clear span warehousing.

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 providing additional access to the warehouse space and opening up drive through options as well as providing an area for unloading containers.

Two of the units are already leased with Corys Electrical set to be the anchor tenant.

Corey Electrical is a nationwide distributor of electrical products and services to electrical contractors, industrial users and government, with a history dating back to the 1920s.

Industrial complex sets the standard

The Foundry Road development will encompass nine industrial units totalling 9000 square metres.

 

Now part of the global Sonepar group Corys Electrical employs over 280 people nationwide with 47 branches around the country.

Cam says that Collabor8 is in discussions with a number of other interested parties regarding the remaining units.

He 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 Road provides. They could also suit automotive parts suppliers or marine related businesses.

Key features include 8-10.5 metre stud height for warehousing, full height glass to corners and facades of show room/office areas, landscaping to frontages in the central area, bike parking including common showers and bathrooms and an electric vehicle charging station.

Indicative asking rentals range from $88,355 for a 476sqm unit (with 326sqm of warehousing and 140sqm of office/showroom space and eight car parks) to $131,840 for 477sqm of warehousing and 182sqm of showroom plus 11 car parks.

Collabor8 Property Group Ltd is a partnership including members of Silverdale Asset Management and Gibson O’Connor Construction.

Previously the team has completed a number of projects including a large distribution centre for Linen & Things Ltd on Foundry Road, a Guardian self-storage complex also on Foundry Road and an auto centre on a 6000sqm site in nearby Furnace Place targeted at automotive trade businesses which include Cornish Truck & Van, Bridgestone Tyres, VTNZ, Thermal Solutions and Cornish Auto Tech.

Construction of the Thirty Foundry Road project commenced late December last year and is expected to be completed mid/late October 2018.

The 10-unit complex will be the first stage of the development of 1.8ha of land on Foundry Road, 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.

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