Sector Property Group is a success story of 2022. Having started just over 20 years ago, director David Loakes and his growing team have created an enviable reputation of delivering high-quality industrial spaces on sites in sought after locations across Melbourne.
It's a winning formula that sector continues to lead the market responding to buyer demands and carefully analysing national and international trends in this sector.
Since Sector started there have been other developers offering warehousing and storage but a quick visit to the competitors it becomes evident sector has the quality to back up its sales success.
Once the domain of the "man caves" and "she sheds" and a tightly held secret with small businesses looking for extra room for storage or to run their trade businesses, Sector's The Base projects are now highly sought after for a multitude of uses.
"We're seeing so many varied uses for the spaces from logistics, ecommerce, trades combining their workshops and offices, sports bars, storage for the boats and bikes, wine cellars, microbreweries, nothing surprises me anymore with the creative uses, " says Toby Dunwell, Development Manager at Sector. "We have repeat customers who buy in multiple projects and buyers who will buy more than one unit in a single project. With prices starting at $125,000 it's an affordable and attractive investment, " says Toby.
The industrial market, once the poor cousin to glamorous residential and commercial is now a prized addition to investors property portfolios.
"We saw the popularity and increase in investor and owner-occupier interest in industrial stock during covid and it has continued and is weathering the current economic climate. Our buyers are finding it an attractive investment with the ability to purchase multiple units for affordable prices and secure a good return, " says Luke Kounnos from Hudson Bond. "the industrial market isn't slowing down. Given the drastic change in our working environments, people are keen to establish new norms including getting out of the house to work. For those choosing to work at home and wanting extra space, that's where the storage options are very popular, " says Luke.
Pictured: Toby Dunwell
Joining Luke in selling The Base Oakleigh are Hudson Bond's Dylan Ashby, Tom Gilbert, and Matthew Dompietro, with CBRE's Alex Grima, Dylan Wolters, and Bryce Pane.
Sector Property Group has released five projects this year with the latest well-known site in Oakleigh. The former ATARI headquarters is being transformed into a luxury business, leisure and storage complex. The Base Oakleigh is three levels, all with drive around access and will house more than 100 units each with 5 metre ceilings, plenty of parking and access to hotel-like amenities.
On the ground floor the spaces are between 76-131sqm, which is comparable to a 3 or 4 bedroom apartment. On levels 2 and 3 the sizes are between 45-63sqm, except for a super-sized shell on each floor spreading 155sqm.
"every new base site has the next level tech. Oakleigh is no exception with the latest high-tech installation, high speed internet, CCTV, FOB and keypad entry toilet and shower facilities and all-round security, " says Toby.
Located just 30 minutes from the CBD and a short walk from 6 of Melbourne's most prestigious golf courses, it's no surprise the base is already 30% sold since hitting the market.
One of Sector Property Group's repeat buyers, and a renowned savvy investor over the past 40 years has signed the sales contract for 3 at the new Oakleigh site, having also purchased this year in the base Preston, and Ringwood. "the base Ringwood has been a very positive experience because of the calibre of the team who followed through on every promise. I couldn't fault the experience. I am confident the availability of space to small businesses and small trades is sound. For me, the base fills a niche in my investment portfolio and i'm very impressed with the quality and options at the base Oakleigh, " said the buyer.
The Base Oakleigh is in the heart of Oakleigh south, known for its diverse community and host of choices in food, golf courses, beaches, and a range of local businesses to cater for every need.
The Base Oakleigh will start construction in Q2 2023 with completion expected in Q2 2024. Prices range from $125,000 to $695,000.
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