Industrial space in new Silverdale complex

5:00 AM Wednesday April 5, 2017 True Commercial

An artist's impression of the planned industrial complex at Foundry Rd, Silverdale. Photo / Supplied

Tenants are being sought for a new industrial complex to be built on vacant land in central Silverdale.

The development at 30 Foundry Rd will encompass nine units offering a variety of warehouse, office and showroom accommodation positioned around a central parking area. A tenth unit is likely to accommodate a cafe or showroom.

The units, totalling about 9000sq m are for lease by negotiation, through Rosemary Wakeman and Ashton Geissler of Bayleys North Shore Commercial.

Wakeman says resource consent plans are with council and, subject to approval, construction could begin mid-year and take nine months to complete.

“The complex has been architecturally designed to provide attractive showroom space with great road presence and functional clear span warehousing,” says Wakeman.

“The units come with excellent central carparking for staff and clients 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.”

Geissler 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 in Foundry Rd — one of two main roads in Silverdale’s central industrial precinct.

They could also suit automotive parts suppliers or marine-related businesses. Nearby occupants include Bunnings Trade Sales, Placemakers, Chesters Plumbing, Reece Plumbing, Plumbing World, Corys Electrical, VTNZ and Bridgestone.

Indicative asking rentals range from $76,700 (for a unit with 120sq m of office/showroom space plus 280sq m of warehousing and seven car parks), to $116,750, (for 598sq m of warehousing and 98sq m of showroom, plus 12 carparks).

“The units come in a good range of sizes and 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 Wakeman. “They could be adapted to suit requirements for tenants who commit prior to construction commencing.”

She says key features of the units will include:

  • An 8-10.5m metre stud height.
  • Concrete tilt slab and structural steel construction.
  • Full height glass to corners in 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 in 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.

The project is being undertaken by private developers and investors, in partnership with a construction company, which has 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.

The property at 30 Foundry Rd is about 500m from the Hibiscus Highway (SH25) and around 1km from SH1; and Geissler says it is well-positioned to service the booming areas surrounding Silverdale, Millwater and Whangaparaoa Peninsula.

Silverdale’s population grew by 55 per cent from 1996 to 2016, from 1340 to 5570 people. The median house price there is $1.1m according to Real Estate Institute statistics, with 45 per cent of properties now selling for over $1m.

Auckland Council estimates the Hibiscus and Bays area, of which Silverdale is part, will have an additional 10,000 households by 2042. Statistics New Zealand is forecasting the population to swell to 146,600 in 2043 from 89,932 in 2013. “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 Geissler.

Wakeman says the Silverdale/Orewa area is experiencing an unprecedented surge in construction, with high numbers of consent applications suggesting plenty more to come. “Commercial building and particularly residential activity is evident as the development sector looks to accommodate the rapidly expanding population and provide amenities.”

Wakeman says high levels of construction activity are likely to continue over the long term. Surrounding rural land zoned Future Urban is earmarked for development over the next 30 years to help cater for Auckland’s population growth.