Exceptional opportunity to secure a high yielding storage facility which is well established within the booming Hervey Bay region.
The asset features a strong current net income of $701,000. It offers significant room for growth via further development and a modest increase in rental rates.
The current owner runs the property remotely with the assistance of part time caretakers and an automated online software package and a remote surveillance camera system.
Property highlights:
~ Purchase 3 freehold properties of 13,571sqm and assign a long leasehold of 4,002sqm
~ Structures on the sites include 295 secured self-storage units, 51 undercover sites and 71 outdoor sites
~ Passive investment with the business returning $701,570* net per annum
~ Further development opportunity to build 152 additional units
~ Increase income via a modest rental rate rise and increase the occupancy
~ Strong trading history and low overheads
~ On-site office and caretakers accommodation
~ Strong growth region of Queensland, 250km north of Brisbane on the Fraser Coast
If you would like further details, please contact the exclusive marketing agent Matt Marenko on 0409 355 123 or Louisa Blennerhassett on 0447 904 552.
*Approx.
**Image outlines indicative only