Industrial units on market in Albany
Units within a new warehouse and office industrial complex, being built by the North Shore-owned and operated Matvin Group, are now available by pre-sale in the heart of Albany.
“The development comprises a total of 41 different-sized mixed-use units on a freehold unit title basis,” says Brian Paulin of Barfoot & Thompson North Shore Commercial, who is marketing the units at 3-5 Oracle Drive.
“The estimated completion date of the project is August next year and 45 per cent of the units have already been sold with premarketing,” Paulin says. “With a significant shortage of new and low-maintenance industrial stock across the North Shore area, the purchase of these units represents an astute long term capital investment opportunity for owner-occupiers or investors.”
He says the units are located in an area more towards Albany’s retail district, where there is a lack of small, quality industrial units.
“Having experienced almost continuous growth over the last 20 years, Albany shows no signs of slowing down and opportunities for new developments are becoming harder to find.”
He says the following limited selection of units is on offer:
eight commercial units — sized 108sq m to 225sq m with glazed store fronts and road frontage positions;
25 office/warehouse units — sized 118sq m to 330sq m, comprising highstud warehouse space with the option to add a full-length or rear firstfloor office level; and
eight warehouse storage units — sized 90sq m to 118sq m with medium stud height and roller doors.
“The front of each unit has assigned car parks plus allocated loading areas,” Paulin says. “The units are superbly located on a corner site on the Oracle Drive section of the Orchard Park precinct, which constitutes a new Albany Northern Motorway Business Park.”
Oracle Drive is off Corinthian Drive — housing the commercial hub of Albany — which in recent years, has seen an increase in national and international brands take up a presence in the area. It is also close to main arterial routes both north and south, with handy access to the Albany industrial precinct and to a large residential catchment of skilled workers and customers.
The property itself, benefits from being close to two motorway access points at Greville Rd and Oteha Valley Rd.
Paulin says the purchase of a unit requires a 10 per cent deposit with the balance payable upon completion around August 2019. Examples of asking prices are: units numbered 5/3 to 10/3 of 90sq m with one car park for $450,000;
unit 11/3 of 118.8sq m with two car parks for $564,300;
unit 12/3 of 141.3sq m with a 101.2sq m warehouse area and 40.1sq m of mezzanine space and two car parks for $646,250;
unit 15/3 totalling 137.6sq m made up of 99sq m of warehouse area and a 38.6sq m mezzanine level and one car park for $606,925;
units 20/3 and 21/3 of 171.6sq m with warehouse areas of 121.5sq m and 50.1sq m; and both with one car park for $741,500 each;
units 2/5 to 4/5 and 7/5 of 108sq m with two car parks each for $729,000; and
unit 8/5 of 225.4sq m with four car parks for $1,359,000.
He says units may be combined into larger units. “For the past 15 years, Matvin has built a reputation on designing and constructing buildings with attention to detail, and using high-quality materials and construction methods.”
The overall construction of the Oracle Drive units includes reinforced concrete foundations and floors; reinforced precast concrete panel walls; Zincalume long-run metal cladding; timber-framed internal walls and mezzanines with plasterboard linings; and Zincalume long-run steel-framed roof structures.