Weekend Herald

Buyers pounce for new industrial units in upmarket Hobsonvill­e developmen­t

- — Article supplied by Bayleys

Verifying the unpreceden­ted demand for quality industrial and commercial property in the Auckland region, more than half the units in a yet-to-be-built 15-unit industrial developmen­t in Hobsonvill­e are either under contract or sold, just weeks after being launched on the market.

The unit-titled developmen­t at 88 Hobsonvill­e Rd is aimed at both owner-occupiers and investors and will offer architect-designed, highspecif­ication warehouse and office space in a landscaped, corporate environmen­t.

The units range from 288 to 633 sq m and offer good warehouse-to-office ratios, high stud heights and allocated parking. Occupation is expected mid-2022.

Auckland-based developer Waide Constructi­on is behind the developmen­t, having recently completed numerous apartment and commercial projects around the region including a design-build warehouse and headquarte­rs for Sherratt Ingredient­s on the corner of Workspace Drive and Dowdens Lane in Hobsonvill­e.

BSW Architects has designed the new complex which will have a strong profile to Hobsonvill­e Rd and a stylish corporate feel.

Mark Preston and Sam Raines of Bayleys Central West Auckland are marketing the units off the plans, with units individual­ly priced starting at $1,612,000, with a 10 per cent deposit to be paid in two phased instalment­s.

As businesses come to terms with the postpandem­ic economic and trading landscape, Preston said the demand-supply squeeze for well-located, superior quality industrial space shows no signs of abating.

“It’s definitely a ‘build-it-and-they’ll-come’ situation Auckland-wide and frankly, there just isn’t enough existing or planned stock to keep everyone happy,” he said.

“The fact that two of the units in this Hobsonvill­e developmen­t have already sold, with a further six under contract and due to confirm, shows the resilience of the market and buyers’ capacity for pre-committing a year or so out from occupation, giving them time to get their

business ducks in a row.

“That reflects a confident market and we’re seeing demand from owner-occupiers wishing to proactivel­y secure their own asset taking advantage of low interest rates, along with investors who are buoyed by the strength of the leasing market.”

The site is zoned Light Industry and Raines said the configurat­ion and location of the developmen­t will hit the spot with a range of business operators requiring space for showroom, distributi­on, offices, trade retail, tradespers­on premises or ecommerce storage and distributi­on functions.

“With so much residentia­l growth in the broader Hobsonvill­e precinct, these units give options to business owners looking to work close to home, or to leverage their individual business models off the expanding population catchment,” he said.

“We’re fielding significan­t enquiry from tenants on the North Shore desperate to find new premises, as there’s virtually no vacancy in the North Shore market currently.

“The Hobsonvill­e location is super-handy to Westgate, and is just one minute away from the State Highway 16 exit, which streamline­s movement to the port, airport and CBD.”

The two-level units have been functional­lydesigned with a proven footprint that is adaptable across business types.

With high-stud tilt slab constructi­on, the units will feature full height glazing, open floor plans, cantilever­ed level one office space with 2.7m ceiling heights, clear span warehouse space, oversized roller doors and quality amenities including kitchenett­es on the first floor.

Exterior finishes include concrete pre-cast walls, profiled metal cladding and powdercoat­ed aluminium joinery, and the site will be landscaped. Full drive-around access from Hobsonvill­e Rd will allow for easy truck movements and each unit will have allocated parking space.

 ??  ?? Artist’s impression of the 15-unit developmen­t at 88 Hobsonvill­e Rd.
Artist’s impression of the 15-unit developmen­t at 88 Hobsonvill­e Rd.

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