Self-storage business plus land and buildings on the market

Media Release

06.06.2014

Self-storage business plus land and buildings on the market for sale

A long-standing Waikato storage business and the land and buildings it occupies have been placed on the market for sale

The 4,732m2 site in Te Awamutu generates an annual net rental income of $192,000 plus GST and offers potential buyers the chance to invest in an in-demand asset class.

The property is being marketed for sale by Bayleys Hamilton sales agent Andrew Shaw and will be auctioned on June 29.

The property houses 132 self-storage units covering 1,520m2, which are leased to more than 100 tenants.

Mr Shaw says: "This is a low-risk property investment in an industrial zoned area.

"The storage business, Te Awamutu Self Storage, has consistently shown high occupancy rates and returns, and there are on-site opportunities for a new owner to grow the income further.

"The business requires minimal time to run and the property is low-maintenance."

Te Awamutu Self Storage offer eight sizes of storage facilities, and can house everything from documents and furniture to cars and boats.

The premises are securely enclosed by an electric perimeter fence and has 24-hour swipe card access.

The area has experienced significant residential growth, which will only serve to widen the business's customer base.

Population increases are driving growth in the storage industry in general, with residential customers typically comprising around 75 percent users at any location.

61 Bruce Berquist Drive, Te Awamutu, will be auctioned on Thursday, June 29. For more information, contact Andrew Shaw on 027 474 1216.

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