Demand returns to speculative industrial unit market in Sydney’s inner west
Media release - 10th October, 2012
Strong owner-occupier and tenant demand attracts developers
- Raine & Horne Commercial South Sydney/Marrickville has been appointed to sell and/or lease 16 brand new industrial units in Marrickville and Sydenham
- The development of Marrickville’s Fitzroy Industrial Estate and Sydenham’s Prime Business Park is a strong indicator that confidence in speculative projects is building
- Both developments are attracting strong buyer and tenant enquiry
Raine & Horne Commercial South Sydney/Marrickville has been appointed to sell and/or lease 16 brand new industrial units, located in two estates in Marrickville and Sydenham.
The decision to build the units at the Fitzroy Industrial Estate in Fitzroy Street, Marrickville and Prime Business Park, corner of Hogan Avenue and Bolton Street Sydenham, is a strong indicator that small industrial units in Sydney’s Inner West are in demand, and as a consequence, developers are moving forward with speculative projects.
“Developers are responding to robust owner-occupier and tenant demand and already three of eight units in the Fitzroy Industrial Estate, which is due for completion by November 2012, have been snapped up,” says listing agent Luke Smith, Co-Principal, Raine & Horne Commercial South Sydney/Marrickville.
“We have already taken close to 30 enquiries on this project, with an even mix of buyers and tenants showing interest.
“We are confident this will lead to more deals as we are now nearing completion.”
Mr Smith confirms that deposits have also been taken on two of the eight units at Prime Business Park, Sydenham, which is due for completion in February, 2013.
The flexibility of the layout of the warehouses and the ability to combine units to create larger facilities, according to Mr Smith, are proving major attractions.
“The standout features of the Marrickville estate include floor spaces of 359m² to 413m², generous parking, with each warehouse allocated three to five spaces, extra wide driveways for B-Double access, as well as flexible IN1 general industrial zoning,” says Mr Smith.
“The units at Fitzroy Industrial Estate come with eight metre warehouse heights and are ideal for export, import, food, warehousing, fashion, I.T. businesses and more.
“The developers have also spared no expense with a quality design and finish that will provide an impressive corporate image for any business.”
Likewise, the major selling points with Sydenham’s Prime Business Park are its quality design and finish, eight metre warehouse heights, large windows which provide abundant natural light, motorised roller doors, and concrete mezzanines with air-conditioned offices, while each unit comes with grease trap allowances.
“Adding to the appeal, these premises are located across the road from Sydenham train station, just a 14 minute train ride from Martin Place,” says Mr Smith.
For more information about Fitzroy Industrial Estate and Prime Business Park, contact Raine & Horne Commercial South Sydney/Marrickville on 02 9572 8855.
For further media information contact:
Luke Smith, Co-Principal, Raine & Horne Commercial South Sydney/Marrickville on 0416 281 577
Andrew Harrington, National Marketing & Communications Co-ordinator on 02 9258 5400