A unique project featuring creative high-tech industrial, retail and storage spaces in the heart of Sydney’s inner west has come to market.
MADE Marrickville will feature 34 spacious industrial workspaces ranging from 104sqm to 202sqm as well as spacious ground floor retail spaces and 24 drive up storage units with sizing from 20sqm to 49sqm.
Positioned within a rapidly growing industrial sector, the project provides premium spaces across multiple levels that are an attractive prospect to both occupiers and investors.
The project is a collaboration between TOGA, Rebel Property and Braxton Capital. Nick Mallett and Angus Urquhart of Colliers have the listing, in conjunction with Adam Selikman and Nick Spasevski of Taylor Nicholas. It is set to have a total sales value of over $75 million.
“We are extremely excited to be bringing such a premium offering to the Marrickville precinct. This development in our view will bring a new benchmark of creative industrial product to the Inner West marketplace and will enhance occupiers and investors alike who currently have very few options available to purchase,” Mr Mallett said.
The ground floor retail hub encompasses a 600sqm food and beverage marketplace and an additional 763sqm for both consumer and trade uses, with the location designed to maximise the retail frontage to create a thriving community and complement the soon to be completed Wicks Place which will comprise of over 260 apartments.
Boasting an energy efficient and sustainable design, the development will provide light filled, ventilated industrial workspaces, double height ceilings and secure 24/7 access. The storage units have secure roller door shutters and flexible layouts, with the ability to combine if desired.
“The vision for the site has been realised in the approval.” Andrew Donnelly from Braxton said. “The site presented a rare opportunity to create a unique, multi-level industrial building in the creative precinct of Marrickville and also delivers an exciting piece of architecture. Industrial land is scarce and prospective occupiers need spaces that cater for a wider range of uses. Demand is still very strong.”
Rooftop solar panels to minimise energy consumption and the use of foliage to positively impact air quality are further sustainable features.
“The inner west as a whole has a thriving creative market. None more so than those businesses in Marrickville and it’s surrounds. This is the perfect opportunity for these businesses to buy their new work homes. Ideally sized, ideally positioned and within an innovative design concept – we strongly believe these spaces will hit the mark and cater to these needs,” Mr Selikman said.
The South Sydney market, which includes Marrickville in Colliers data, has been one of the best-performing commercial markets in the country over the past two years, supported by several significant infrastructure projects, a lack of developable land and high levels of demand from occupiers looking for central accommodation.
In the 12 months to June 2022, prime industrial rents increased by 20.0 per cent which was above the Sydney average of 16.6 per cent over the same period, Colliers research shows. Similarly, capital values have increased by 28.5 per cent over the year compares to 19.2 per cent for the broader Sydney period. The central location just 6.7km from the CBD, 4.9km from Sydney Airport and 12km from Port Botany allows for fantastic connectivity to both national and international clients.
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